Electric Scooters Sales Rising In Shanghai

The Shanghai Bicycle Industry Association predicts that prices on mopeds will drop 15% due to a production surplus, reports The China Daily.

Last year 300,000 electric scooters were sold, compared with average annual sales of 20,000 the previous years. Many people turned to this new vehicle during the SARS spread last year and more joined during the extreme hot summer to avoid taking public transportation.

These booming sales have led to massive investment in the industry and surplus output, forcing some manufacturers to resort to price cutting.