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Vmoto (ASX:VMT) - Managing Director, Charles Chen - The Market Herald
Managing Director, Charles Chen
Source: The West Australian
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  • Electric vehicle company Vmoto (VMT) has launched three new electric two-wheel vehicle models at the 2021 Vmoto Soco World Première in Milan
  • The company says the launch of these new models shows commitment to its growth strategy as it aims to spread its global database
  • The new B2C electric two-wheel vehicles are now available for order and will be distributed internationally by Vmoto directly to customers
  • Vmoto shares are down 2.11 per cent, trading at 46.5 cents

Electric vehicle company Vmoto (VMT) has expanded its product offering with the launch of three new electric two-wheel vehicle models.

The manufacturer is launching a new TS model, a new TC model and a CUmini model, which were unveiled at the 2021 Vmoto Soco World Première in Milan.

Vmoto’s brand ambassador, Dario Marchetti, and five-time MotoGP World Champion, Jorge Lorenzo, attended the event for the product launch.

The company says the launch of these new models shows commitment to its growth strategy as it aims to become a leading manufacturer and supplier of high-quality, electric two-wheel vehicles with a global customer base of distributors, businesses and partners.

The new business-to-consumer (B2C) electric two-wheel vehicles are now available for order and will be distributed internationally by Vmoto directly to customers via its existing B2C distribution channels, reaching over 50 countries.

“I am delighted to announce the launch of three new B2C models, which have been more than one year in the making. 2020 has been a landmark year for the company’s growth. We continue to deliver excellent results operationally and commercially. We are confident that the release of these three new superior electric two-wheel vehicle B2C products will ensure our growth continues during the next year and beyond,” said Managing Director Charles Chen.

Vmoto shares are down 2.11 per cent, trading at 46.5 cents at 12:36 pm AEDT.

VMT by the numbers
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