FUNTI's daily electric motorcycle market brief for September 24, 2026: raw material prices, overseas market regulation and China export data, compiled from public sources for importers, distributors and fleet operators.
FUNTI MARKET INTELLIGENCE · September 24, 2026
① Today's Highlights
- China Customs' August trade data, released on September 18, shows "new three" exports at USD 23.0 billion, up 36% year on year; EV exports reached 572,000 units (+57.2%), worth USD 11.0 billion (+65.3%). Takeaway: new-energy vehicle exports remain one of the fastest-growing categories in China's trade, and electric two-wheelers are riding the same tailwind (GACC / Caixin, 2026-09-21).
- Industry data from the 24th China International Motorcycle Trade Exhibition shows that in the first half of 2026 Chongqing exported 117,000 electric motorcycles and pedal cycles, up 130.5%, worth RMB 515 million, up 66.6%; Zhang Hongbo, Secretary-General of the China Chamber of Commerce for Motorcycle, said new-energy motorcycles will become an important part of urban transport systems in many countries. Takeaway: Chongqing-made e-motorcycles are growing clearly faster than the industry average, as the cluster's supply-chain depth converts into export competitiveness (People's Daily Online, 2026-09-23; the exhibition itself was previously reported on Sep 19 — this is newly released export data).
② Raw Materials & FX
- Lithium carbonate (spot): Shengyi Society data for September 23 puts the battery-grade reference price at RMB 131,000/t, down RMB 3,000 from 134,000/t on September 22; the industrial-grade price was RMB 129,000/t, down RMB 1,000. Against RMB 156,000/t on September 1, battery-grade spot is down about 16% from its peak. Takeaway: spot is falling while futures plunged more than 3% on September 23 — the two are diverging again; buy in batches at prevailing spot prices rather than chase the decline (Shengyi Society / East Money, 2026-09-23).
- Copper and aluminium inventories: LME inventory changes for September 23 show copper stocks down 1,750 t, aluminium down 750 t, lead down 3,775 t and nickel down 30 t, with only zinc and tin slightly higher. Takeaway: visible inventories overseas keep drawing down, so spot support for copper and aluminium remains — no clear reason for enamelled wire and aluminium parts to get cheaper near term (LME / Sina Finance, 2026-09-23).
- Steel: Shengyi Society's September 23 monitoring shows rebar at RMB 3,176.84/t, up 0.28%, hot-rolled coil at RMB 3,324/t (+0.06%), billet at RMB 3,080/t (+0.65%) and Australian iron ore at RMB 698.89/t (-0.17%); Mysteel's September 23 index was MySpic 122.98 (-0.02%) with HRC at 118.05 (+0.03%); rebar futures closed the night session at RMB 3,111/t. Takeaway: steel is edging up in a narrow range while plate inventories keep swinging — lock near-term volumes at prevailing prices rather than betting on direction (Shengyi Society / Mysteel / East Money, 2026-09-23).
- FX: the September 23 USD/CNY central parity was 6.7468 (already reported yesterday); on the same day onshore CNY closed at 6.7019 at 16:30 and 6.7005 in the night session, moving through the strong side of 6.70, while the US dollar index rose 0.49%. The September 24 parity is due at 9:15 and was not published when this brief was produced; Bank of China's early September 24 quote put the USD cash selling rate at RMB 673.01 per 100 USD. Takeaway: spot is firm while the forward curve still points to RMB appreciation, so the settlement window for USD-denominated orders is narrow — keep per-currency FX buffers in pricing models (CFETS / Bank of China / East Money, 2026-09-23).
③ Overseas Markets
- Latin America's demand logic is being confirmed by the industry: during the motorcycle exhibition, LatAm industry figure Olguín said that with urban mobility demand and express-delivery growth, the e-motorcycle market has huge potential; Chinese exporters have already spread out — Apollo RFN off-road models reach 81 countries and regions, and Chongqing Qiulong Technology's off-road e-motorcycles sell into 60 countries with annual sales above 50,000 units. Takeaway: demand in Latin America and the West is driven by both urban commuting and commercial delivery — a different playbook from Southeast Asia's pure value-for-money market (People's Daily Online, 2026-09-23).
- Vietnam keeps scaling up: third-party statistics show Vietnam consumed about 1.86 million two-wheelers in the first seven months of 2026, up 19.6%, of which e-motorcycle sales reached 513,742 units; a market survey also shows 54% of respondents would choose an e-motorcycle for their next purchase, rising to 60% in Hanoi. Takeaway: share won through battery-swap and after-sales capability lasts longer than share won on price — Vietnam remains one of the fastest replacement markets (Motorcycles Data / Asia Plus survey, 2026).
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.
