FUNTI's daily electric motorcycle market brief for October 12, 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 12, 2026
① Today's Highlights
- UK weighs tariffs on Chinese electric vehicles: The Times reports that UK Business and Trade Secretary Jonathan Reynolds is drafting a plan to follow the EU in imposing import tariffs on Chinese EVs; previously the Financial Times disclosed that the EU urged London to raise tariffs on Chinese cars and threatened trade barriers against the UK if it failed to act (Sputnik / The Times, 2026-10-05). Takeaway: the tariff risk in Europe is spilling over from the EU single market to the UK; this round targets four-wheeled EVs and e-motorcycles have not been named, but the spread of the "tariff plus price-undertaking" toolkit into new markets needs continued tracking.
- New trading week reopening and daily policy check: 12 October (Monday) is the first trading day of the second post-holiday week, with customs, the CFETS and domestic commodity markets back to normal operation; no new two-wheeler export tariff or destination-access official documents were found for 12 October (consolidated public information, 2026-10-12). Takeaway: there is no new policy variable requiring immediate action today, and pricing and procurement should be driven by the opening direction after 09:00.
② Raw Materials & FX
- FX: on 12 October (Monday) the CFETS will publish the day's central parity at 09:15, which had not yet been set when this report was produced (about 08:20); daily bank rates show China Merchants Bank's 11 October USD buying rate at 667.64 and selling rate at 671.89 (RMB per 100 USD), with the selling rate unchanged from 10 October; the latest verifiable official central parity remains 6.7330 on 9 October (CFETS / China Merchants Bank, 2026-10-09 to 10-11). Takeaway: the USD held steady and slightly firmed 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".
- Lithium carbonate: Mysteel's early-session reading on 12 October shows premium battery-grade lithium carbonate at RMB 120,500/t, battery-grade at RMB 118,500/t and industrial-grade at RMB 116,500/t (Shanghai Metals Market, 2026-10-12); versus 10 October, battery-grade and industrial-grade were flat while premium battery-grade edged up. Takeaway: spot has steadied in the early session while far-month futures remain at a discount, so buy battery packs on a weekly rolling basis and lock far months in tranches rather than the whole quarter at once.
- Copper and aluminium: on the previous trading day (9 October) the SHFE aluminium front-month 2611 contract closed at RMB 23,605/t, up RMB 225 (+0.96%), while the SHFE copper continuous contract closed at RMB 110,530/t (Shanghai Futures Exchange / East Money, 2026-10-09); the 12 October opening direction will be confirmed after 09:00. Takeaway: aluminium has edged up and copper is back above RMB 110,000, so negotiate aluminium parts such as frames and wheels at current prices, and lock copper wire and enamelled wire in tranches without fixing the price.
- Steel: no new steel spot or futures quotes for 12 October, with the latest verifiable reading still 9 October (consolidated public information, 2026-10-12). Takeaway: there is no new signal on frame and structural-part costs this week, so keep usage at last week's levels and refresh once the post-reopening traded prices are available.
③ Overseas Markets
- Indochina is the fastest-growing sub-market: according to General Administration of Customs data, China's e-two-wheeler exports in Q1 2026 were RMB 64.6974 million to Myanmar, RMB 43.5308 million to Laos and RMB 38.1637 million to Cambodia, up 617.50%, 25.70% and 34.16% year-on-year respectively (General Administration of Customs / 21st Century Business Herald, 2026-04). Takeaway: Myanmar has the lowest base and the fastest growth, with Laos and Cambodia rising in step, so Indochina deserves dedicated customer development and certification resources.
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.
