Two-wheeled EV industry faces 2026 downturn as Luyuan and other manufacturers bet on embodied intelligence and E-Bike exports

In the first half of 2026, domestic sales of two-wheeled EVs reached 28.252 million units, down 12.6% year on year, with leading brands such as Yadea and Aima facing pressure on both sales and profit. Luyuan lists embodied intelligence as one of its three strategic priorities; as of the first half of 2026, it has advanced orders for more than 100,000 high-precision planetary reduction joint modules and 10,000 complete units, and its business line is transitioning from technology and product validation to scaled manufacturing and commercialization. Leading brands are also targeting overseas markets as a breakthrough direction, with Luyuan's interim report showing overseas sales up more than 40% year on year.