FUNTI's daily electric motorcycle market brief for September 26, 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 26, 2026
① Today's Highlights
- China is on the Mid-Autumn holiday, with both official releases and markets closed: the China Foreign Exchange Trade System did not publish a RMB central parity rate on September 25, and domestic spot and futures markets were shut, so no new export policy guidance was issued that day. Policies already in force this week — export licences, Brazil's CKD quota and Vietnam's tax milestones — saw no new official statements.（China Foreign Exchange Trade System / exchanges, 2026-09-25）
- The Philippines' motorcycle tariff structure is already in force, with a clear "restrain fuel, promote electric" direction: since January 8, 2026, the CBU import tariff on fuel motorcycles has risen from 35% to 40%, tariffs on electric motorcycle CBU units and parts have been lowered, and all motorcycle parts are uniformly taxed at 35%, while models below 50cc or above 800cc remain at 15%–30%. Takeaway: the Philippines now offers a clear relative tariff advantage for electric motorcycle CBU units, making it a viable supplementary Southeast Asian channel, though the exact model classification should be verified against the current tariff schedule.（Chuhaiwang, 2026-01-07）
- Vietnam's "trade-in for electric" subsidy now has concrete figures: Hanoi plans to subsidise residents with local household registration, or two years of continuous temporary residence, who already registered a petrol motorcycle and now buy an electric motorcycle priced above VND 10 million, with a maximum subsidy of VND 20 million (about RMB 5,263); poor households may receive 100% of the vehicle value capped at VND 20 million, and electric motorcycle registration and plate fees are set to be cut by 50%. Takeaway: the subsidy targets the most certain customer group — owners replacing an existing petrol bike — so Vietnamese dealers can run campaigns around trade-in scenarios.（Vietnam Net / Hanoi People's Committee draft, 2026-05-20）
② Raw Materials & FX
- FX and liquidity: September 25 was the Mid-Autumn holiday, so no RMB central parity was published, and the latest official reading remains 6.7489 from September 24; before the holiday the onshore spot rate held around 6.71. The supportive factor is genuine settlement demand — China's banks posted a net FX settlement surplus of USD 48.5 billion in August, and goods exports for January–August reached RMB 20.17 trillion, up 14.6% year on year (August alone up 18.6%). Takeaway: the fundamental case for a firm RMB is unchanged and settlement proceeds on USD-denominated orders keep being squeezed, so the quotation model must set aside FX room by currency.（China Foreign Exchange Trade System / public market data, 2026-09-24 to 09-25）
- Overseas metals kept trading through the holiday, with clear divergence in inventories: LME copper stocks fell 1,325 tonnes on September 24, aluminium stocks were flat, lead stocks fell 1,850 tonnes, tin fell 85 tonnes and nickel rose 300 tonnes, while zinc stocks jumped 8,325 tonnes; on price, LME aluminium was quoted at USD 3,250/t on September 25, up USD 26 from the previous day. Takeaway: visible copper and aluminium inventories overseas are still drawing down, while zinc shows the clearest build, so cost support for motors and aluminium parts is unchanged in the near term.（21st Century Business Herald / LVDAO, 2026-09-24 to 09-25）
- Domestic spot and futures are closed, so watch the reopening gap closely: on September 25 there were no new domestic quotes for copper, aluminium, steel or lithium carbonate spot and futures, and the latest usable reading remains that of September 24. Overseas markets and policy moved during the holiday while domestic prices stayed at pre-holiday levels, so the direction of the gap in the first trading hour on September 28 will set this week's procurement rhythm. Takeaway: do not rush to lock in prices on the morning of the reopening day — watch the direction before discussing volumes.（Exchanges / Mysteel, 2026-09-24）
③ Overseas Markets
- Africa's imports of Chinese electric two-wheelers are growing fast, led by North Africa: in the first half of 2026 Africa imported USD 114.6 million of electric motorcycles and electric tricycles from China, up about 60% year on year; Morocco took delivery of over 80,000 units worth USD 21.7 million, ranking first in Africa, followed by Egypt and Algeria; in sub-Saharan Africa, South Africa imported 19,600 units worth USD 6.9 million. Takeaway: North Africa currently converts orders fastest with the lowest competitor density, so it deserves a dedicated push.（Compiled by the economic and commercial office of the Chinese Embassy in Algeria from AP, 2026-09-18）
- Africa's electrification is driven by commercial fleets rather than private commuting, which shapes the approach: motorcycles there are mainly working tools for passenger transport and delivery, commercial riders earn roughly USD 10–15 a day while fuel can consume 40%–60% of that income, whereas electric two-wheelers typically spend under USD 2 a day on energy; supported by daily-repayment instalment plans, electric motorcycles already account for over 40% of ride-hailing platform Bolt's two-wheeler fleet in Kenya. Leading operator Spiro says it has deployed nearly USD 400 million in battery-swap and other infrastructure.（Caixin / IEA, 2026-09-20）
- China's absolute electric two-wheeler export volume keeps expanding: in 2025 China exported more than 26.7 million electric two-wheelers worth USD 6.829 billion; in Q1 2026 exports reached about 7.2 million units, up 68.2% year on year. Takeaway: export volumes now far exceed the incremental domestic market, so product and certification resources should serve the export mainline first.（Belt and Road Portal, 2026-06-08）
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.
