The Vietnam Association of Motorcycle Manufacturers (VAMM) announced that combined sales of its five member companies reached 638,431 units in the second quarter of this year.
Data from the Vietnam Association of Motorcycle Manufacturers (VAMM) shows that traditional manufacturers experienced a noticeable slowdown last year, with total market sales reaching 2.6 million units, down 1.5 per cent year-on-year.
Việt Nam’s electric motorbike market has seen a significant transformation in recent years, emerging as a dynamic landscape for both homegrown manufacturers and global industry players.
According to the General Statistics Office, domestic manufacturers produced an estimated 286,100 new motorcycles in April, a 21.6 per cent increase from March and a 10.4 per cent rise compared to April 2024.
Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised US$2.6 million in a pre-series A funding from Singapore’s Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures.