In recent years, the annual sales volume of electric bicycles in my country has exceeded 30 million, and the social ownership has approached 300 million. According to statistics from the China Bicycle Association, the output of bicycles above 1,000 yuan in my country has been increasing year after year. In 2019, high-end products represented by lithium battery electric bicycles accounted for 13.8% of the total output of electric bicycles, with an annual output of nearly 5 million, a new high.
With the rapid growth of the food delivery and express delivery industries, electric two-wheelers have been largely digested. As of 2019, the output of electric bicycles in China was 39.09 million, a year-on-year increase of 10%. At the same time, the revenue of Chinese electric bicycle enterprises above designated size is also increasing year by year. The annual revenue exceeded 128.69 billion yuan, an increase of 15% year-on-year, and the future market competition will be fierce. According to Statista statistics, the Asia-Pacific region is the world’s largest electric bicycle market, accounting for 94.39% of the global market share. Among the top ten countries and regions that purchase Chinese electric bicycles in 2019, three are RCEP agreement countries, namely Japan (3.52%), South Korea (2.58%), and Vietnam (2.47%).
Tags: fat tire electric bike
Zhejiang Hangpai Electric Vehicle Industry Co., Ltd