FUNTI's daily electric motorcycle market brief for October 11, 2026: raw material prices, overseas market regulation and China export data, compiled from public sources for importers, distributors and fleet operators.
FUNTI MARKET INTELLIGENCE · October 11, 2026
① Today's Highlights
- US FCC moves to bar Chinese labs from testing US-bound electronics: the Federal Communications Commission plans to vote on 29 October to prohibit all laboratories and certification bodies in mainland China from providing testing and certification for electronics intended for the US market; if passed, the ban is expected to take effect in December 2028, and for exporters the direct impact is testing costs up more than 30% and certification lead times extended by several weeks (EETOP Semiconductor Community / Sichuan Digital Trade Net, 2026-10-08 to 10-09). Takeaway: for export models with wireless or IoT modules, confirm early whether the lab you use is on the affected list and switch to a US- or EU-owned lab if necessary rather than waiting until products are held up.
- Daily policy check: 11 October is a Sunday, with no new intake or releases from customs or commerce authorities; no new two-wheeler export tariff or destination-access official documents were found for 11 October (consolidated public information, 2026-10-11) (a similar check was reported on 8 October; this is the 11 October update, with the conclusion unchanged: no new documents). Takeaway: there is no policy variable requiring immediate action this weekend, making today suitable for internal preparation and customer reconciliation.
② Raw Materials & FX
- FX: 10 and 11 October are the weekend, when the CFETS does not publish a central parity, so the latest verifiable reading remains 9 October; the daily bank rate shows Bank of China's 11 October USD spot buying rate at 668.3, selling rate at 671.11 and BOC conversion rate at 673.3 (RMB per 100 USD), with the selling rate up slightly from 10 October (671.01) (Bank of China, 2026-10-11). Takeaway: the USD firmed marginally over the weekend, so keep USD settlement tested in a 6.72—6.75 range and mark all customer quotes as "subject to the day's central parity".
- FX forward anchor: Bank of China's one-month USD forward settlement buying rate stands at 667.005 and selling rate at 670.405 (9 October basis). Takeaway: the forward price is below the spot rate, reflecting market expectations of a firmer RMB, so long-cycle orders' hedging and pricing can reference the forward rather than only the spot.
- Metals and lithium: domestic commodity futures and spot markets are closed on 10—11 October, with no new quotes for lithium carbonate, copper, aluminium or steel; on the 9 October basis lithium's far-month discount widened—the 2705 contract closed at RMB 113,080/t, down 4.51% for the day, while the near-month 2611 closed at RMB 118,600/t (Sina Finance / Guangzhou Futures Exchange, 2026-10-09). Takeaway: the market is more bearish on far months, so do not lock the whole quarter at once; lock in tranches and keep downside exposure.
- Export volumes: China's e-motorcycle and e-bike exports reached 3.15 million units in May 2026, up 34% year-on-year, worth USD 876 million, up 36.9%; China's total motorcycle exports for H1 2026 came to 26.20 million units, up 23.2%, worth USD 11.28 billion, up 26.3% (Zhiyan Consulting / Studio Global compilation, 2026-07 to 08). Takeaway: rising volumes and prices continue, and exports remain the industry's most certain direction, with overseas acceptance of mid- to high-end models improving.
③ Overseas Markets
- Faster localisation in Southeast Asia: Yadea's overseas sales grew more than 50% year-on-year in Q1 2026, with cumulative output from its Vietnam plant exceeding 400,000 units and its Bac Giang base, commissioned in March, reaching 2 million units of annual capacity; Aima's Q1 sales in Southeast Asia tripled year-on-year, and its Myanmar volumes in January—April already exceeded all of last year (Xinhua / China.org.cn, 2026-06-03 to 06-04). Takeaway: leading players have moved from "product export" to "local manufacturing", raising the bar on component supply and local after-sales.
- Southeast Asian market structure: the nine Southeast Asian countries sell about 15 million motorcycles a year, with Indonesia at 43%, Vietnam 22% and the Philippines 16%, and electrification penetration at about 6% (Guotai Haitong Securities, 2026-04-22). Takeaway: Indonesia is the first tier on both scale and policy, and the Philippines is the second tier with a low base and high growth, so define product lines by region.
- Competitor watch: Vietnamese two-wheeler brand VinFast plans to accelerate its e-motorcycle business in five priority markets in 2026—the Philippines, Indonesia, India, Thailand and Malaysia—and has reached a strategic partnership with six Indonesian dealers (Vietnam News Agency / VietnamPlus, 2026-03-06). Takeaway: regional competition is shifting from one-sided expansion by Chinese brands to a multi-player race, and channel exclusivity and after-sales networks will become the next barrier.
FUNTI · Taizhou Fangxiang Technology Co., Ltd.
Daily electric motorcycle market brief for importers, distributors and fleet operators. Figures are compiled from public market sources and industry associations; verify before commercial use.
