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Welcome to the forum, Woody.
I don't have the 50, but the engines are basically the same ... and yes, GY6.
I've had my TaoTao, 150 for a year now and have about 1,700 miles on it. With good maintenance, break-in, and moderate riding habits, it should operate well for quite some time.
If you haven't already seen them, there are a series of videos on Youtube about performing the Post Delivery Inspection (PDI). I found them very helpful and a great source of information. Below is the link for the first video.
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