A recap on EuroSports Global

EuroSports Global Limited (SGX: 5G1) is a Singapore-based company specializing in the distribution of ultra-luxury automobiles, including brands like Lamborghini and Touring Superleggera. In recent years, the company has expanded into the electric vehicle (EV) market through its wholly-owned subsidiary, Scorpio Electric Pte. Ltd.

This subsidiary has developed the Scorpio Electric X1, a fully electric maxi-scooter launched globally. The X1 has received a Special Purpose License from Singapore's Land Transport Authority, allowing it to operate on local roads. This strategic move positions EuroSports to tap into the growing global EV market, with the X1 expected to be a significant driver of future revenue and growth.