Inside the Global Electric Two-Wheeler Market: 2025 Insights
· Ainne Zhang — Operations Director
What published 2024–2025 results from Yadea, Ninebot, Lime, NWOW and Jinpeng, plus the ICCT sales-share reading, mean for distributors.
Distributor planning is better anchored to named company filings and one sales-share reading than to a single market-size headline. Research houses still disagree on “the electric two-wheeler market” because they count different products. This note uses only figures that appear in the sources below.
The ICCT global two- and three-wheeler market monitor reports that electric two-wheelers were 15% of global two-wheeler sales in 2025, up from 13% in 2024. That is a share of new sales, not a lithium-versus-lead-acid split of the vehicles already on the road.
2024 results that are on the record. Yadea’s 2024 annual results, filed with HKEX, show profit attributable to owners down 51.8%. Segway-Ninebot’s 2024 annual report shows revenue up 38.87%. Lime’s unaudited 2024 results, reported by Business Wire, describe an adjusted EBITDA margin over 20% and positive free cash flow for a second year.
Operating models that publish their own scale:
- Lifetime service — NWOW states 3,000+ employees and 300+ directly operated stores, and describes lifetime free service for its Philippine network.
- Production scale — Jinpeng’s company profile states 18 production bases, annual capacity above 3 million vehicles, and 20 million users.
- Connected products — Niu and Ninebot are widely discussed for app-linked ownership and over-the-air updates. This note does not assign them a gross-margin figure.
Where does STARGO fit? Factory-direct supply from assembly bases in Guigang and Chongzuo, Guangxi, a product line that covers electric two-wheelers, three-wheelers, batteries and OEM/ODM, and export documents that dealers in Vietnam, Indonesia and the Philippines ask for during quotation.
For dealers, the practical question is which factory can support service and documents in the territory, not which factory prints the lowest unit price.