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Ejoysport Technology (SuZhou)Co.,LTD [Jiangsu,China] Business Type:Manufacturer , Trade Company Main Markets: Africa , Americas , Asia , Caribbean , East Europe , North Europe , Oceania , Other Markets , West Europe , Worldwide Exporter:61% - 70% Certs:BRC, BSCI, COS, FAMI-QS, FSC, GB, GMP, GSV, HACCP, ISO/TS16949, ISO10012, ISO13485, ISO14001, ISO14004, ISO14010, ISO17025, ISO17799, ISO22000, ISO9001, ISO9002, OHSAS18001, OHSMS, SA8000, TL9000, ACS, API, ASME, AZO Free, CB, CCC, CE, CSA, EEV, EMC, ETL, FCC, FDA, GS, MSDS, NSF, Oeko-Tex Standard 100, PSE, REACH, RoHS, S-Mark, SSA, Test Report, TUV, UL, VDE

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Electric Bicycles compete on a new track for short distance intelligent travel

2023-07-03

Currently, 80% of trips occur within the short range of 0 to 20 kilometers. Driven by both policy and demand, intelligent transportation within this range contains enormous commercial space and opportunities, and major manufacturers are also striving to explore more possibilities on the track. In recent years, due to the use of lightweight and affordable smart Electric Bicycles, they have quickly filled the gap in urban public transportation, and the new opportunity of the "last 5 kilometers" has also prompted more enterprises to rush into new tracks.

Electric City Bike

Although the market demand is huge, after years of rapid development, the Electric Bicycle market in China is gradually becoming saturated. Until 2019, when the Ministry of Industry and Information Technology issued the "Safety Technical Specifications for Electric Bicycles" (also known as the "New National Standard"), the E Bike market experienced a wave of replacement purchases, and both production, sales, and market size began to achieve rapid growth.

The implementation and implementation of the new national standard have led to the elimination of E Bikes products that do not meet the standard, and the industry has entered a window period of "removing the old and welcoming the new" products. At present, the implementation of standards in many regions is still not uniform, and there are still unmet replacement needs in some regions. Based on this, Guohai Securities Research Report believes that the peak buying of electric bicycles will continue until 2024, with hundreds of millions of vehicles exceeding the standard needing to be replaced.

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Mr. Hua

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kydhua@ejoysport.com

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Email:kydhua@ejoysport.com

Address:No.591 Liji Road, Suzhou, Jiangsu