Vmoto Limited
(ASX:VMT) is pushing ahead with its global expansion and has announced new stores, higher sales, supply deals and market entry opportunities.
The scooter manufacturer increased its retail stores in China by three at the beginning of this year to a total of 13 stores across the nation and says it is on the look-out for more.
Vmoto has also advised it has received initial orders of 150 units of its electric delivery scooters from its Brazilian distributor.
The company also continues to progress new market entry opportunities in countries including Italy, Hong Kong and Vietnam.
Looking ahead Vmoto says it expects to benefit from new Chinese Government policies and initiatives encouraging the use of 4 wheel and 2 wheel electric vehicles.
Vmoto reported a net profit of $404,000 in the full 2013 calendar year.
