The world's largest electric two-wheeler manufacturer, Yadea, reported revenues of RMB 28.24 billion (USD 3.91 bn) in 2024 (reporting period Jan-Dec), an 18.8% decrease from RMB 34.76 billion (USD 4.82 bn) in 2023.

Yadea said the decline was due to lower sales in Mainland China. The situation was compounded by distributors destocking inventory as Yadea has been modernising its range and is phasing out old model scooters. This destocking also resulted in discounts across the old model scooters to accelerate the inventory clearance.

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