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Vmoto Limited Opens Third Store In The Lishui District Of China

Vmoto Limited (ASX: VMT) continues to build exposure in the largest electric two wheel vehicle market in the world, China, with the company opening its third store.

The store is in the Lishui District, Nanjing, and highlighting the sheer size of the local market, Nanjing has a residential population of over 8 million.

The retail store covers 80 square metres and is on a corner location, which is important for gain attention from traffic flow and increasing the brand awareness of the Vmoto brand.

The new store is located in the north east of the Lishui District and is around 10 kilometres from Vmoto's manufacturing facility in Nanjing.

Charles Chen, managing director, commented: "The encouraging sales from our retail stores after opening and the significant interest in Vmoto's electric two wheel vehicle products has showed that there is demand for Vmoto's products in the China market.

"The company will seek to expand in China through more of its own retail stores and continue to develop its distribution network nationally in China."

Vmoto opened its first flagship retail store in China in June 2013 and its second retail store soon after.

Since the opening of these retail stores, management is pleased to report that store sales have been very encouraging and exceeded expectations.

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