TAOTAO VEHICLES (301345.SZ): passes listing hearing on HKEX; No.1 in global electric low-speed vehicle industry by 2025 revenue

NewTimeSpace News: On 7 September 2026, Zhejiang Taotao Vehicles Co., Ltd. (A-share stock code: 301345) passed the listing hearing of The Stock Exchange of Hong Kong, with CITIC Securities acting as the sole sponsor. The company holds a leading position in the electric low-speed vehicle (LSV) market, dedicated to the design, manufacture and distribution of outdoor leisure and electric mobility products, with its business spanning two segments: electric mobility products (including electric low-speed vehicles and electric two-wheelers such as e-bikes, e-scooters and self-balancing scooters) and outdoor special vehicles (including all-terrain vehicles and off-road motorcycles).

According to Frost & Sullivan, the company ranked first in the global electric low-speed vehicle industry by revenue in 2025, with a market share of approximately 10.9%. In 2025, over 97% of the company's revenue was generated from overseas markets, with the United States as its largest overseas market, contributing 82.8% of revenue. Revenue from electric low-speed vehicles increased from RMB 78.5 million in 2023 to RMB 812.3 million in 2024 and RMB 1,957.5 million in 2025.

The company has built an integrated "China + Southeast Asia + North America" footprint with localized production and sales networks in North America, Southeast Asia and China, and operates a tiered proprietary brand matrix targeting different customer groups and channels, covering four brands: DENAGO, GOTRAX, TEKO and TAO MOTOR. DENAGO is positioned as premium, professional and high-performance, enhancing its international profile through strategic partnerships with sports events and institutions such as the NBA, the Dallas Open, MotoGP and PGA trade shows, as well as consumer brands such as Jack Link's; GOTRAX is a mass-market brand sold mainly through large general merchandise retailers and online channels, whose e-scooters have long ranked among Amazon's best sellers and once topped Walmart's annual toy list; TEKO, launched in September 2025, is positioned as smart, tech-forward and stylish, targeting national chain dealers in North America; and TAO MOTOR, tracing back to the company's founding stage, is positioned as practical, fun and dynamic for the mass consumer market.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.