Chinese Gov't Boosting Motorcycle UseInteresting article about ZIG posted by Reuters last week. Zongshen Group expects sales of their motor vehicles (globally) to be flat in '09, but seeing an increase in domestic (Chinese) sales much of that increase in motorcycles (see below). Of course, ZPP exclusively manufacturers small gas bikes for ZIG, as well as ebikes and kits.
"The group expects to sell 25 million vehicles this year globally, lifted by a 30 percent rise in domestic sales and the government's policies designed to boost motorcycle consumption in rural areas. (Reporting by Alfred Cang and Michael Wei; Editing by Kirby Chien and Mike Nesbit)
Have a good evening!