Surprised by his action in a movie like Fast and Furious, American artist Vin Diesel is busy selling electric scooters in China. Vin Diesel is seen in advertisements of a two-wheeler manufacturer company Yadea Group Holdings Ltd.
There is an increase in demand for vehicles in China, behind which the Corona pandemic is a major reason. A resident of Shanghai who bought 4 Yadea electric bikes says that "Everyone is afraid of the pandemic, we all now need to fight together." This Chinese company opened its subsidiaries in Vietnam and Germany last year.
To prevent the spread of corona, people are avoiding travelling in a more crowded bus or metro. In this situation, buying a private vehicle has become a compulsion. According to Xiaoxia Chen, an analyst at First Shanghai Securities, the two-wheeler industry should benefit the most at this time.
According to a report, the shares of this electric two-wheeler company co-founder Dong Jinggui and his wife Qian Jinghong have increased more than four times since March. The electric scooter gets charged up to 80 percent in just 1 hour. China has become the king of the electric vehicles market, although people are still switching over to electric vehicles due to charging problems. But we hope that in the coming few years they will definitely find a solution to this problem.
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