Global Low Speed Electric Vehicles Competitive Landscape Professional Research Report 2025
Description
Research Summary
Low-speed electric vehicles (LSVs) are electrically powered vehicles designed for limited-speed operation on public roads. They are typically smaller and slower than traditional passenger vehicles and have a top speed typically ranging from 20-25 miles per hour (32-40 kilometers per hour). LSVs are often used for short-distance transportation in urban areas, gated communities, college campuses, and other low-speed environments. They are powered by electric motors, usually running on rechargeable batteries, which provide a cleaner and more environmentally friendly alternative to internal combustion engines. LSVs are designed with safety features such as headlights, taillights, turn signals, seat belts, and mirrors to comply with applicable regulations. They provide a convenient and cost-effective transportation option while producing zero local emissions, which contributes to a more sustainable and eco-friendly mode of transportation.
According to DIResearch's in-depth investigation and research, the global Low Speed Electric Vehicles market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of Low Speed Electric Vehicles include Letin, Jinpeng, Honri, ECAR, Entu, GreenWheel, Hantour, Jiayuan, Lichi, Shifeng etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Low Speed Electric Vehicles. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Low Speed Electric Vehicles market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Low Speed Electric Vehicles market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Low Speed Electric Vehicles industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Low Speed Electric Vehicles Include:
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Low Speed Electric Vehicles Product Segment Include:
2.8 m and Below
Above 2.8 m
Low Speed Electric Vehicles Product Application Include:
Below 50km/h
50-70km/h
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global Low Speed Electric Vehicles Industry PESTEL Analysis
Chapter 3: Global Low Speed Electric Vehicles Industry Porter’s Five Forces Analysis
Chapter 4: Global Low Speed Electric Vehicles Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis
Chapter 5: Global Low Speed Electric Vehicles Market Size and Forecast by Type and Application Analysis
Chapter 6: North America Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 7: Europe Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: China Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: APAC (Excl. China) Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: Latin America Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Middle East and Africa Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Global Low Speed Electric Vehicles Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 13: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 15: Research Findings and Conclusion
Chapter 16: Methodology and Data Sources
Low-speed electric vehicles (LSVs) are electrically powered vehicles designed for limited-speed operation on public roads. They are typically smaller and slower than traditional passenger vehicles and have a top speed typically ranging from 20-25 miles per hour (32-40 kilometers per hour). LSVs are often used for short-distance transportation in urban areas, gated communities, college campuses, and other low-speed environments. They are powered by electric motors, usually running on rechargeable batteries, which provide a cleaner and more environmentally friendly alternative to internal combustion engines. LSVs are designed with safety features such as headlights, taillights, turn signals, seat belts, and mirrors to comply with applicable regulations. They provide a convenient and cost-effective transportation option while producing zero local emissions, which contributes to a more sustainable and eco-friendly mode of transportation.
According to DIResearch's in-depth investigation and research, the global Low Speed Electric Vehicles market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of Low Speed Electric Vehicles include Letin, Jinpeng, Honri, ECAR, Entu, GreenWheel, Hantour, Jiayuan, Lichi, Shifeng etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Low Speed Electric Vehicles. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Low Speed Electric Vehicles market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Low Speed Electric Vehicles market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Low Speed Electric Vehicles industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Low Speed Electric Vehicles Include:
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Low Speed Electric Vehicles Product Segment Include:
2.8 m and Below
Above 2.8 m
Low Speed Electric Vehicles Product Application Include:
Below 50km/h
50-70km/h
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global Low Speed Electric Vehicles Industry PESTEL Analysis
Chapter 3: Global Low Speed Electric Vehicles Industry Porter’s Five Forces Analysis
Chapter 4: Global Low Speed Electric Vehicles Major Regional Market Size (Revenue, Sales, Price) and Forecast Analysis
Chapter 5: Global Low Speed Electric Vehicles Market Size and Forecast by Type and Application Analysis
Chapter 6: North America Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 7: Europe Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: China Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: APAC (Excl. China) Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: Latin America Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Middle East and Africa Low Speed Electric Vehicles Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Global Low Speed Electric Vehicles Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 13: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 15: Research Findings and Conclusion
Chapter 16: Methodology and Data Sources
Table of Contents
170 Pages
- 1 Low Speed Electric Vehicles Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Low Speed Electric Vehicles Product by Type
- 1.2.1 2.8 m and Below
- 1.2.2 Above 2.8 m
- 1.3 Low Speed Electric Vehicles Product by Application
- 1.3.1 Below 50km/h
- 1.3.2 50-70km/h
- 1.4 Global Low Speed Electric Vehicles Market Revenue and Sales Analysis
- 1.4.1 Global Low Speed Electric Vehicles Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Low Speed Electric Vehicles Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Low Speed Electric Vehicles Market Sales Price Trend Analysis (2020-2032)
- 1.5 Low Speed Electric Vehicles Industry Trends and Innovation
- 1.5.1 Low Speed Electric Vehicles Industry Trends and Innovation
- 1.5.2 Low Speed Electric Vehicles Market Drivers and Challenges
- 2 Low Speed Electric Vehicles Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Low Speed Electric Vehicles Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Low Speed Electric Vehicles Market Analysis by Regions
- 4.1 Global Low Speed Electric Vehicles Overall Market: 2024 VS 2025 VS 2032
- 4.2 Global Low Speed Electric Vehicles Revenue and Forecast Analysis (2020-2032)
- 4.2.1 Global Low Speed Electric Vehicles Revenue and Market Share by Region (2020-2025)
- 4.2.2 Global Low Speed Electric Vehicles Revenue and Market Share Forecast by Region (2026-2032)
- 4.3 Global Low Speed Electric Vehicles Sales and Forecast Analysis (2020-2032)
- 4.3.1 Global Low Speed Electric Vehicles Sales and Market Share by Region (2020-2025)
- 4.3.2 Global Low Speed Electric Vehicles Sales and Market Share Forecast by Region (2026-2032)
- 4.4 Global Low Speed Electric Vehicles Sales Price Trend Analysis (2020-2032)
- 5 Global Low Speed Electric Vehicles Market Size by Type and Application
- 5.1 Global Low Speed Electric Vehicles Market Size by Type
- 5.1.1 Global Low Speed Electric Vehicles Revenue and Forecast Analysis by Type (2020-2032)
- 5.1.2 Global Low Speed Electric Vehicles Sales and Forecast Analysis by Type (2020-2032)
- 5.2 Global Low Speed Electric Vehicles Market Size by Application
- 5.2.1 Global Low Speed Electric Vehicles Revenue and Forecast Analysis by Application (2020-2032)
- 5.2.2 Global Low Speed Electric Vehicles Sales and Forecast Analysis by Application (2020-2032)
- 6 North America
- 6.1 North America Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 6.2 North America Key Manufacturers Analysis
- 6.3 North America Low Speed Electric Vehicles Market Size by Type
- 6.3.1 North America Low Speed Electric Vehicles Sales by Type (2020-2032)
- 6.3.2 North America Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 6.4 North America Low Speed Electric Vehicles Market Size by Application
- 6.4.1 North America Low Speed Electric Vehicles Sales by Application (2020-2032)
- 6.4.2 North America Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 6.5 North America Low Speed Electric Vehicles Market Size by Country
- 6.5.1 US
- 6.5.2 Canada
- 7 Europe
- 7.1 Europe Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 7.2 Europe Key Manufacturers Analysis
- 7.3 Europe Low Speed Electric Vehicles Market Size by Type
- 7.3.1 Europe Low Speed Electric Vehicles Sales by Type (2020-2032)
- 7.3.2 Europe Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 7.4 Europe Low Speed Electric Vehicles Market Size by Application
- 7.4.1 Europe Low Speed Electric Vehicles Sales by Application (2020-2032)
- 7.4.2 Europe Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 7.5 Europe Low Speed Electric Vehicles Market Size by Country
- 7.5.1 Germany
- 7.5.2 France
- 7.5.3 United Kingdom
- 7.5.4 Italy
- 7.5.5 Spain
- 7.5.6 Benelux
- 8 China
- 8.1 China Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 8.2 China Key Manufacturers Analysis
- 8.3 China Low Speed Electric Vehicles Market Size by Type
- 8.3.1 China Low Speed Electric Vehicles Sales by Type (2020-2032)
- 8.3.2 China Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 8.4 China Low Speed Electric Vehicles Market Size by Application
- 8.4.1 China Low Speed Electric Vehicles Sales by Application (2020-2032)
- 8.4.2 China Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 9 APAC (excl. China)
- 9.1 APAC (excl. China) Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 9.2 APAC (excl. China) Key Manufacturers Analysis
- 9.3 APAC (excl. China) Low Speed Electric Vehicles Market Size by Type
- 9.3.1 APAC (excl. China) Low Speed Electric Vehicles Sales by Type (2020-2032)
- 9.3.2 APAC (excl. China) Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 9.4 APAC (excl. China) Low Speed Electric Vehicles Market Size by Application
- 9.4.1 APAC (excl. China) Low Speed Electric Vehicles Sales by Application (2020-2032)
- 9.4.2 APAC (excl. China) Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 9.5 APAC (excl. China) Low Speed Electric Vehicles Market Size by Country
- 9.5.1 Japan
- 9.5.2 South Korea
- 9.5.3 India
- 9.5.4 Australia
- 9.5.5 Southeast Asia
- 10 Latin America
- 10.1 Latin America Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 10.2 Latin America Key Manufacturers Analysis
- 10.3 Latin America Low Speed Electric Vehicles Market Size by Type
- 10.3.1 Latin America Low Speed Electric Vehicles Sales by Type (2020-2032)
- 10.3.2 Latin America Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 10.4 Latin America Low Speed Electric Vehicles Market Size by Application
- 10.4.1 Latin America Low Speed Electric Vehicles Sales by Application (2020-2032)
- 10.4.2 Latin America Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 10.5 Latin America Low Speed Electric Vehicles Market Size by Country
- 10.6 Latin America Low Speed Electric Vehicles Market Size by Country
- 10.6.1 Mexico
- 10.6.2 Brazil
- 11 Middle East & Africa
- 11.1 Middle East & Africa Low Speed Electric Vehicles Market Size and Growth Rate Analysis (2020-2032)
- 11.2 Middle East & Africa Key Manufacturers Analysis
- 11.3 Middle East & Africa Low Speed Electric Vehicles Market Size by Type
- 11.3.1 Middle East & Africa Low Speed Electric Vehicles Sales by Type (2020-2032)
- 11.3.2 Middle East & Africa Low Speed Electric Vehicles Revenue by Type (2020-2032)
- 11.4 Middle East & Africa Low Speed Electric Vehicles Market Size by Application
- 11.4.1 Middle East & Africa Low Speed Electric Vehicles Sales by Application (2020-2032)
- 11.4.2 Middle East & Africa Low Speed Electric Vehicles Revenue by Application (2020-2032)
- 11.5 Middle East Low Speed Electric Vehicles Market Size by Country
- 11.5.1 Saudi Arabia
- 11.5.2 South Africa
- 12 Competition by Manufacturers
- 12.1 Global Low Speed Electric Vehicles Market Sales, Revenue and Price by Key Manufacturers (2021-2025)
- 12.1.1 Global Low Speed Electric Vehicles Market Sales by Key Manufacturers (2021-2025)
- 12.1.2 Global Low Speed Electric Vehicles Market Revenue by Key Manufacturers (2021-2025)
- 12.1.3 Global Low Speed Electric Vehicles Average Sales Price by Manufacturers (2021-2025)
- 12.2 Low Speed Electric Vehicles Competitive Landscape Analysis and Market Dynamic
- 12.2.1 Low Speed Electric Vehicles Competitive Landscape Analysis
- 12.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
- 12.2.3 Market Dynamic
- 13 Key Companies Analysis
- 13.1 Letin
- 13.1.1 Letin Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.1.2 Letin Low Speed Electric Vehicles Product Portfolio
- 13.1.3 Letin Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.2 Jinpeng
- 13.2.1 Jinpeng Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.2.2 Jinpeng Low Speed Electric Vehicles Product Portfolio
- 13.2.3 Jinpeng Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.3 Honri
- 13.3.1 Honri Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.3.2 Honri Low Speed Electric Vehicles Product Portfolio
- 13.3.3 Honri Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.4 ECAR
- 13.4.1 ECAR Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.4.2 ECAR Low Speed Electric Vehicles Product Portfolio
- 13.4.3 ECAR Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.5 Entu
- 13.5.1 Entu Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.5.2 Entu Low Speed Electric Vehicles Product Portfolio
- 13.5.3 Entu Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.6 GreenWheel
- 13.6.1 GreenWheel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.6.2 GreenWheel Low Speed Electric Vehicles Product Portfolio
- 13.6.3 GreenWheel Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.7 Hantour
- 13.7.1 Hantour Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.7.2 Hantour Low Speed Electric Vehicles Product Portfolio
- 13.7.3 Hantour Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.8 Jiayuan
- 13.8.1 Jiayuan Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.8.2 Jiayuan Low Speed Electric Vehicles Product Portfolio
- 13.8.3 Jiayuan Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.9 Lichi
- 13.9.1 Lichi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.9.2 Lichi Low Speed Electric Vehicles Product Portfolio
- 13.9.3 Lichi Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 13.10 Shifeng
- 13.10.1 Shifeng Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.10.2 Shifeng Low Speed Electric Vehicles Product Portfolio
- 13.10.3 Shifeng Low Speed Electric Vehicles Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 14 Industry Chain Analysis
- 14.1 Low Speed Electric Vehicles Industry Chain Analysis
- 14.2 Low Speed Electric Vehicles Industry Raw Material and Suppliers Analysis
- 14.2.1 Low Speed Electric Vehicles Key Raw Material Supply Analysis
- 14.2.2 Raw Material Suppliers and Contact Information
- 14.3 Low Speed Electric Vehicles Typical Downstream Customers
- 14.4 Low Speed Electric Vehicles Sales Channel Analysis
- 15 Research Findings and Conclusion
- 16 Methodology and Data Source
- 16.1 Methodology/Research Approach
- 16.2 Research Scope
- 16.3 Benchmarks and Assumptions
- 16.4 Date Source
- 16.4.1 Primary Sources
- 16.4.2 Secondary Sources
- 16.5 Data Cross Validation
- 16.6 Disclaimer
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