Visit Asia’s emerging megacities and you’ll quickly notice that scooters and motorbikes vastly outnumber cars. Before long these fleets of two-wheelers will become battery-powered, always-connected, semi-autonomous machines that offer an even more potent alternative to their four-wheeled rivals.
The reasons powered two-wheelers dominate nations such as India, Indonesia and Vietnam – with a combined population over 1.75 billion – are simple: cars are unaffordable on local wages, few urban homes have space to store them, and warm climates make two-wheelers viable year-round. Plus, many of them sell for less than the equivalent of $1,000 apiece.
The industry has decided many will soon be electric and it looks like drivers will buy them.
Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.