As high as 2.32 million! Electric cars and motorcycles are selling like hot cakes in South Korea

The global epidemic has lasted for more than a year, greatly affecting people's lifestyles. Due to the impact of the epidemic, South Korea's food delivery industry has ushered in great development. In order to reduce the risk of infection from the epidemic, people are inconvenient to go out, and food delivery, flash delivery and other methods have become the daily life choices of more and more Korean people.

According to relevant statistics, the transaction volume of food delivery in South Korea reached 2.4 trillion won in August, about 12.9 billion yuan, an increase of more than 40% year-on-year.

The development of the food delivery industry has naturally driven up the market demand for two-wheeled vehicles needed for delivery. It is understood that the number of riders in South Korea's current delivery industry has reached 390,000, which is the highest number since statistics were available in 2013.

Nearly 400,000 delivery riders have also brought a large demand for electric vehicles and motorcycles. According to the Ministry of Land, Infrastructure and Transport Data of South Korea, as of July this year, the number of two-wheeled vehicle registrations in South Korea reached nearly 2.32 million, an increase of more than 70% year-on-year.

For delivery riders, electric motorcycles are the most popular because they are small, fast, and less restricted by traffic. Relevant sellers can identify the user needs of the Korean electric vehicle and motorcycle market and produce two-wheeled vehicles that meet the local market's preferences.

Previously, also because of the epidemic, people in Southeast Asia were unable to travel long distances, and almost every household had a motorcycle. However, due to the increasing global awareness of new energy and environmental protection, coupled with the local government’s call for new energy travel, the market demand for electric bicycles, bicycles and mountain bikes in Southeast Asia has also shown varying degrees of growth.

Sellers can learn more about the cultural environment and market demand of the site country, do a good job in market research, produce categories that are popular in the target market, control the hot-selling rhythm of different markets, and achieve hot sales in platform stores.

South Korea

Market demand for electric vehicles and motorcycles surges