Industry Overview
Electric bicycles, as an environmentally friendly, convenient, and economical means of transportation, have experienced rapid development in China in recent years. It combines the traditional way of riding bicycles with the assistance of electric technology, providing a more efficient and comfortable solution for people's daily travel. Electric bicycles are not only favored by consumers in cities, but also widely used in rural areas.
In terms of industry characteristics, electric bicycles have the following significant features: firstly, environmental friendliness. Compared to traditional fuel vehicles, electric bicycles produce almost no pollutant emissions and are environmentally friendly; Secondly, it is economical. The purchase and maintenance costs of electric bicycles are relatively low, which is suitable for the consumption level of a large number of consumers; The third is convenience. Electric bicycles are small in size and easy to operate, making them suitable for shuttling through crowded roads and public places in cities.