In the third quarter of 2023, Vmoto (ASX:VMT) revealed a total sale of 4,937 units, marking a 58% decrease in comparison to the same period in the previous year.

Despite the weak performance in sales, the company noted positive operational cash flows for the quarter.

Vmoto (ASX:VMT) anticipates that the current economic climate in Europe will continue to negatively impact its sales performance in the short term.

However, it remains confident about the global long-term trend towards electric vehicle (EV) products, which stays robust.

Vmoto (ASX:VMT), the renowned international scooter manufacturer, focuses primarily on high-quality electric powered two-wheel vehicles.