According to the China Bicycle Association, the number of electric bicycles in China has reached about 300 million units.
The number of electric bicycles in China has reached around 300 million, with annual sales of more than 30 million units in recent years, according to the China Bicycle Association.
In 2019, nearly 5 million high-end bicycles with a unit price of over 1,000 yuan (about $ 152), including models powered by lithium batteries, were produced, accounting for 13.8% of all e-bikes produced. made in China.
China’s bicycle industry has mastered key manufacturing technologies in the 2016-2020 period, including mass production of chassis made of new materials. China in particular has developed the powertrain with independent intellectual property rights.
Safe and highly efficient lithium battery technology has been identified as a key area for improvement over the next five years. At the same time, China will make efforts to promote the consumption of bicycles for the entertainment and sports sectors, along with models for the elderly and children.
For the first three quarters of 2020, e-bike manufacturers in China reported total sales of 67.76 billion yuan, up 26.6 percent year-on-year. Profits rose 30.4% to 2.63 billion yuan, according to the Ministry of Industry and Information Technology.