SMM News: recently, the Ministry of Industry and Information Technology released the development of the electric bicycle industry from January to July, as follows:

I. production situation

From January to July 2020, among the main products of the national bicycle manufacturing industry, the output of two-wheeled bicycles was 23.6 million, an increase of 9.2 percent over the same period last year, and that of electric bikes was 15.501 million, an increase of 18.7 percent over the same period last year.

In July, the national output of two-wheeled bicycles was 4.498 million, an increase of 32.1 percent over the same period last year, and that of electric bicycles was 3.741 million, an increase of 49.5 percent over the same period last year.

II. Benefit situation

From January to July 2020, the operating income of large-scale bicycle manufacturing enterprises nationwide was 86.52 billion yuan, an increase of 8.5 percent over the same period last year, and the total profit was 3.77 billion yuan, an increase of 28.4 percent over the same period last year. Of this total, the operating income of the two-wheeled bicycle manufacturing industry was 27.49 billion yuan, up 0.9 percent over the same period last year, and the total profit was 1.07 billion yuan, up 20.7 percent over the same period last year; the business income of electric bicycles was 47.29 billion yuan, up 18.3 percent from the same period last year, and the total profit was 2.15 billion yuan, an increase of 37.3 percent

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