Vmoto Limited
(ASX:VMT) has launched its first retail store in Nanjing China.
The scooter manufacturer, which targets the Chinese market, has opened the flagship store in close proximity to the busy shopping district of Lishui, with a local population of 8 million people.
The news comes after Vmoto launched six new models of electric scooters in China recently.
The company says it expects sales will have a positive impact on the bottom line, as a result of the interest shown to date.
Vmoto says it’s also seeking a stronger foothold in China, which is the largest electric scooter market in the world, with annual sales reaching 30 million units in 2012.
Vmoto reported a net loss of $7.1 million in its 2012 financial year.
