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Kwang Yang Motor Co (光陽工業) has set a target of raising electric scooter sales five-fold to 15,000 units next year, from an estimated 3,000 units this year, thanks to the extension of a government subsidy for electric scooter purchases and a broader distribution network. Kwang Yang has been selling gasoline-powered scooters for more than 50 years under the KYMCO brand, while the company’s fully-owned Ionex Taiwan Co (台灣光捷) is responsible for building and selling Ionex-brand electric scooters. “The company was greatly affected by the [COVID-19] pandemic from April, when we started deploying our distribution network. The sales of Ionex scooters started ....
Kwang Yang invests NT$40m in battery unit taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.