Kwang Yang Motor Co (光陽工業) has set a target of raising electric scooter sales five-fold to 15,000 units next year, from an estimated 3,000 units this year, thanks to the extension of a government subsidy for electric scooter purchases and a broader distribution network.
Kwang Yang has been selling gasoline-powered scooters for more than 50 years under the KYMCO brand, while the company’s fully-owned Ionex Taiwan Co (台灣光捷) is responsible for building and selling Ionex-brand electric scooters.
“The company was greatly affected by the [COVID-19] pandemic from April, when we started deploying our distribution network. The sales of Ionex scooters started
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