Demand for ebikes is less than what ZPP anticipated, but there is a greater demand for low emission gas motorcyles and they've now got sole production rights from ZIG to manufacture these motorcycles to meet this demand.
What I don't understand, and maybe this is the reason for the sell off (hitting new lows today), is that in their Q1 Financials, they stated that they already had orders for 152 000 ebikes and were on their way to meet guidance of 260 000 bikes by year end. So...what was up with these orders for 152 000 ebikes?
Have a good afternoon!