try disconnecting the ignition switch and kickstarting it and see if it goes then if it does then the ignition switch is faulty .also it could be the side stand switch plying up have a look at it and see if its moving in and out ok when you put the stand up and down .obviously there are alot of problems that can cause a loss of spark the cdi may have packed up and its not uncommon on these peugeot v clics as they are a chinese budget bike made under license from peugeot its the same a baotian 50qt and a starway 50qt.also the stator coil may have packed up that generates the primary source of power for the ignition system.
adam bike doctor, January 2010