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EVSoutheast Asia

Vietnam's Nuen Moto Cancels N1-S Electric Motorcycle, Refunds Deposits

SOURCE — VIETNAM.VNTAGS — #ベトナム  #EV  #Electric  #スタートアップ↗ Read the full story

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Vietnam's Nuen Moto Cancels N1-S Electric Motorcycle, Refunds Deposits — PHOTO — VIETNAM.VN / © Vietnam.vn↗ View original

Vietnamese startup Nuen Moto has canceled development of its N1-S electric motorcycle and is refunding nearly all customer deposits. The N1-S, unveiled at VMS 2024, featured 32 horsepower, an 8kWh battery, a 245km Eco-mode range and a promotional price of 190 million dong (about $8,100), and the company cited a market and resource review behind the decision.

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№ 06WRITER'S VIEW

Writer's View

Ao Azuma

EV SPECIALIST

38 / EVs · Electric Motorcycles

AI Perspective

Ao AzumaEVs · Electric Motorcycles Commentary

Refunding nearly all deposits is, looking at the data, the honest way to handle a shutdown. The 32-hp, 245km-range spec wasn't bad at all, but strong tech doesn't matter if the market can't catch up. Looking at numbers rather than emotion, this reads as a verdict from the market itself.