This is my most important letter to date and until next week. We are making many changes to InsightEV, enhancing our research offerings, increasing our frequency and coverage, and bringing more value to you.
The African market is fast becoming the global hotspot for new products and entrants. If you build a good sports utility motorcycle for Africa, you can do so for the world. This week, we sat down with Michael Spencer of Zeno, who is weeks away from launching their first electric motorcycle.
After two continuous years of decline in vehicle sales and revenue, Niu posted a relatively strong 2024 with a 24% improvement in revenue, riding on an increase in volumes in both China and international markets. However, the per unit revenue declined and the gross margin has collapsed.
There are not too many publicly traded E2W and electric light mobility players. The ones that are have mostly been struggling. We last checked their health eight months back. Now, we check on them again and realize that things have taken a downturn for the worse.
How fast can a nascent market get crowded? We see that happening already with many startups developing electric motocrossers. Agreed that this is a promising format but overcrowding always means some will sink.
At one time, SPACs and listing on Nasdaq was a great eventual target that urban electric mobility companies worked towards. The tide has changed and no one seems to be doing well. In the second part of this series, we try to decipher why E2W stocks are sinking?
