Vietnamese electric motorbike manufacturer PEGA has completed the signing of contracts to export two types of electric motorbikes with a value of approximately US$3 million to Cuba after its partner in the Caribbean nation had successfully tested and assessed the product’s overall quality.

Vietnam is poised to export electric motorbikes to Cuba (Photo: VNA) 

Following the agreement, PEGA now has two business contracts with Cuba worth over VND60 billion (around US$3 million), in total value.

Most notably, the first contract includes an order of 1,260 PEGA XMEN electric motorbikes with a value of roughly VND20 billion. The order is currently in the process of being completed with efforts being made to prepare to transport the products to Cuba.

The second contract stipulates the shipment of more than 2,500 PEGA XMEN and PEGA AURA electric motobikes, worth over VND40 billion in total value, with the shipment scheduled to be transported to partners based in Cuba in August.

In terms of the Vietnamese market, PEGA XMEN and PEGA AURA are viewed as popular types of electric motorbikes with their engines having a capacity of 1,200W. Each electric motorbike can carry up to three people and has the ability to climb slopes with no difficulty.

Upon discussing the deal, PEGA Vietnam said that their Cuban partners expressed a desire to exclusively distribute PEGA electric motorbikes with a minimum of 20,000 units per year.