Is the domestic and international market for electric vehicles using lithium batteries optimistic?

In China, when it comes to electric two-wheeled and tricycles, you have to mention the two main forces in the field to provide "indigenous people" - lead-acid giants Tianneng and Chaowei. In the process of the market from scratch, the lead-acid battery with mature technology and low price has always dominated its core power type, and this situation has not changed completely until now.

The data disclosed by Tianneng and Chaowei have a more concrete interpretation of the vastness of this market.

The data shows that the current domestic electric bicycles are about 200 million, with an annual output of 30 million. The annual output of electric tricycles is 15 million, and the number of electric bicycles is 50 million.

As an independent business segment, Tianneng achieved sales revenue of electric bicycles and tricycle batteries in the year of 2017, which was 21.736 billion Yuan, a year-on-year increase of 26.83%, accounting for 80.7% of the total revenue; Chaowei electric bicycle battery business revenue reached 18.1 billion Yuan, accounting for 73.42% of the total revenue.

The above data will continue to grow in the future. Relevant organizations predict that by 2025, the demand for electric bicycles and electric tricycle batteries in China will reach 60 billion Yuan, of which the ratio of electric bicycles to electric tricycles is about 3:2. The ratio of replacement markets is about 2:8.

In sharp contrast to the domestic electric two - wheel, tricycle field is still weak lithium battery application. According to GGII, the penetration rate of lithium batteries in the field of two-wheelers and tricycles was only 10% in 2016, and only 6.4 million sets of lithium batteries for electric bicycles were shipped in China in 2017.

In addition to domestic lead-acid replacement, lithium batteries for foreign electric two-wheel and tricycle vehicles also show great market potential. More typical are the European markets that have been captured by Chinese manufacturers and the emerging Indian market.

In the European market, the European Bicycle Manufacturers Association (EBMA) data shows that about 2 million electric bicycles are purchased by consumers every year. With the diversification of products, this market is expected to continue to expand. China's electric bicycles have become a "phenomenon-grade" hot product on this land, and even many local manufacturers have no business to do.

Data show that in 2016 China exported more than 430,000 electric bicycles to the EU, a 40% increase from 2015, and this number has soared to 800,000 in 2017.

Along with the hot sale of the above products, domestic lithium battery manufacturers represented by Xingheng Power have benefited greatly. According to the official website information of Xingheng Power, in 2016, the company sold a total of 1.95 million lithium batteries in Europe, ranking first. By the end of 2017, the company had nearly 2.4 million end users in Europe.

In India, near China, the electricization of the important local transportation tools tricycles has also provided important opportunities for domestic power battery manufacturers.

In April 2018, Indian Internet car giant Ola announced that it plans to launch 10,000 electric tricycles within one year. And a year ago, Ola just released the first multi-mode electric three-wheel pilot program in India.

The success of this new round of “Electrical Mobile Travel” pilot program, which will be participated by Indian state government agencies, will have a high probability of launching a large-scale promotion of electric tricycles in India.

The page contains the contents of the machine translation.