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The "Blue Ocean" with an annual sales of 30 million vehicles attracts giants to enter the market

In May 2018, the mandatory national standard "Safety Technical Specifications for Electric Bicycles" (GB17761-2018), also known as the new national standard by industry insiders, was officially announced and enforced from April 15, 2019, one year later.

This standard requires that the frame weight of electric bicycles be controlled below 39kg, and lighter and higher energy density lithium iron phosphate batteries will become the mainstream choice for electric vehicle companies. Based on environmental requirements, mainstream lead-acid batteries will also be gradually replaced under the implementation of this standard.

Under the guidance of this policy, established domestic giants such as Yadi, Emma, and Lvyuan have successively launched new national standard products. Emerging brands such as Xiaoniu and No.9 have been heavily focused on lithium-ion batteries since their inception, and more and more manufacturers are also shaping their brand image by launching mid to high-end product lines.

At present, the number of electric bicycles in China has exceeded 300 million. According to the new national standard, over 250 million vehicles are considered to exceed the standard. Considering that most regions have given a transition period of 2-3 years, which means that over 80% of electric bicycles need to be upgraded within 2-3 years, and the market prospects are enormous.

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