智通财经APP获悉，国泰海通发布研报称，油价加速上行，成本压力驱动下东南亚地区电摩托及电动自行车有望加速对传统油摩产品渗透，先发布局工厂、渠道及品牌的国产厂商有望受益，推荐爱玛科技(603529.SH)、雅迪控股(01585)。
报告中称，东南亚摩托市场大，电摩渗透率低，增量空间可观。据Motorcycles Data，2025年东南亚国家联盟〈(ASEAN)九国摩托车总销量约1500万辆，电动摩托车渗透率在低位。未来随东南亚各地区市场禁摩令推进、补贴政策完善，叠加高位油价催化的成本驱动，电摩渗透率提升空间大。
爱玛科技在印尼、越南的生产工厂均已投产。公司具备关键零部件领域具备研发和制造能力，以及行业领先的电池系统集成适配能力。品牌传播方面，公司在Facebook、TikTok等海外主流平台开展社媒内容运营，结合印尼开斋节等消费旺季开展终端营销活动。
2026年3月1日雅迪越南北宁省智能制造工厂一期项目正式竣工，一期投资额超1亿美元，设计年产能100万辆。公司同步发布针对越南市场的旗舰电动摩托车雅迪Osta，同时还与Grab越南签署战略合作协议，共同推动电动摩托车在网约车领域的普及。
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