Eclimo aims to sell 1,000 e-bikes this year

Eclimo Sdn Bhd, maker of Malaysia’s first electric motorcycle, aims to sell 1,000 units of electric motorcycles this year, with strong demand expected from the e-commerce industry.

Kuala Lumpur: Malaysia’s first electric motorcycle maker, Eclimo Sdn Bhd, aims to sell 1,000 units of electric motorcycles this year with strong demand from the e-commerce industry.

Executive Director Datuk Dennis Chuaah said the e-commerce industry is choosing electric motorcycles for their last-mile deliveries, which will save operational costs in the long run and help the environment.

According to data from the International Trade Administration, Malaysia’s e-commerce industry is expected to grow at an annual growth rate of U $ 2.53 billion by 2022, he said.

“With this, we expect to sell 1,000 units of electric motorcycles this year. However, if demand is good, we are hoping to sell up to 2,000 units,” he told the New Straits Times.

In addition, electric motorcycles reduce carbon tailpipe emissions by 7.98 kg per 100 km (100 km), he said.

“We have a formula. If you ride 100km a day, you’ll be able to save 7.98kg of carbon dioxide. Imagine for a whole year, and you’re saving two tonnes of carbon dioxide.

If the company can achieve sales of 1,000 units, we will be able to save a thousand tonnes of carbon dioxide, ”he said.

On the expansion, Chua said Eclimo plans to expand its assembly area and manufacturing floor to meet market demand for the Penang factory and its manpower.

He said the company would expand its production capacity from 100 units per month to 300 units per month.

“We want to expand our footprint to other ASEAN countries this year.

“Thailand is focused. I can’t go to all the countries I want right now. We want to do this to the high-quality of our ability,” he said.

Moving forward, Chua said the EVs are boosting the automotive market and will increase significantly over the next decade as more countries implement measures to reduce carbon emissions.

Recognizing the full potential of EVs to reduce net emissions, he said the Malaysian government is introducing support policies and initiatives to fast forward the adoption of EVs in Malaysia.

As an EV manufacturer, we suppose EV intake may be cheap.

“The authorities desires to remember following the moves of different nations which include Taiwan and India, These countries are offering more cash incentives for EV buyers at RM2,500,” he said.

FAQ

Are eBike prices going down?p

As with any other gadget or technology piece, e-bikes are definitely cheaper.  Don’t expect its prices to settle in just a few months or years.

Who is the ebikes target market?

U.S. for e-bikes  Customers are from the baby-boomer class.  Our major age groups are 45-54, 55-64 and 65+.  In terms of interest, the EU has more male dominance at around 90%, our ratios in the US show a 70% male, 30% female buyer ratio

How many eBikes are sold each year?

With some 423,000 electric bike sales in the Netherlands in 2019, some countries in Europe hit the craze earlier than others.  Germany recorded an increase in e-bike sales in 2020, with nearly two million e-bikes sold in the country that year.

How big is the electric bike market?

The global electric bike market size is expected to reach USD 52.36 billion by 2028, with a CAGR of 16.0% during the forecast period.

Which country uses the most electric bikes?

As a major bicycle manufacturer and the largest market for e-bikes, China.

sources Eclimo