Unit: 10,000 vehicles
2013-2017 China Lithium-Ion Electric Tricycle and Lithium Battery Market
Unit: MWh
The large price reduction of lithium-ion batteries for electric bicycles will directly drive the rapid growth of sales of lithium-ion batteries in the field of electric tricycles.
We predict that:
1 It is expected that in the electric tricycle market in the next 5 years, lithium-ion batteries will soon replace lead-acid batteries;
2 True lithium research predicts that there will be 150,000 electric tricycles using lithium-ion batteries in 2013, and will reach 5.4 million units by 2017, with an average compound annual growth rate of an astonishing 174.95%;
3 At present, more than 95% of the global electric tricycle production capacity is concentrated in China, and it is expected to remain above 90% in the next five years;
4 The power-changing mode will also become one of the important options for the development of electric tricycles in China. It is expected that the lithium-ion battery required for the electric tricycle replacement market in China will reach 1,739.4MWh by 2017.
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