[focus] the explosive growth of the electric two-wheeler market has exceeded 100 billion since 2021.

SMM12, March 11: according to data from the Ministry of Industry and Information Technology, from January to October 2020, the production of electric bicycles was 25.48 million, an increase of 33.4% over the same period last year. In October, the production of electric bicycles was 2.499 million, an increase of 29.9 percent over the same period last year.

In terms of benefits, from January to October 2020, the business income of electric bicycles was 75.99 billion yuan, an increase of 26.9% over the same period last year, and the total profit was 3 billion yuan, up 30.5% from the same period last year.

The epidemic has changed the way people travel, electric two-wheelers are affordable, green is one of the best ways to travel, the electric two-wheeler market is ushering in explosive growth.

Yadi Holdings, for example, has seen its shares soar since 2020, up 622.05% for the year, and 23.2% for Mavericks Electric.

In the first half of 2020, Yadi achieved revenue of 7.639 billion yuan, an increase of 87.5 percent over the same period last year, and a profit of 385 million yuan, an increase of 113.8 percent over the same period last Total sales in the first half of the year reached 4058800 units, an increase of 99.65% over the same period last year, continuing to lead the industry. Data show that by the end of November, Yadi electric car sales reached 10 million, surpassing the 6.09 million for the whole of 2019, reaching the annual sales target of 10 million one month ahead of schedule.

Mavericks Electric sold a total of 250889 electric scooters in the third quarter. In the Chinese market, Mavericks electric sales were 245293, up 70.2% from the same period last year; and in the international market, Mavericks electric sales were 5596, up 6.3% from the same period last year. Overall, Mavericks Electric sold a total of 451187 lithium electric vehicles in the first three quarters of 2020, including 434568 in the domestic market and 16619 in the international market.

The market penetration of Mavericks Electric in lithium battery electric vehicles has increased from 10 per cent last year to 15 or even 20 per cent, Mavericks Electric CEO Li Yan said in an interview.

While the domestic lithium battery industry giant BYD, Ningde era, Guoxuan Hi-Tech and so on have also increased the size of the electric two-wheeler market. For example, according to the plan of BYD's Fudi battery, the product line of Fudi battery's "two-wheeler" battery will grow dozens of times in the future, and a large number of "two-wheeler" battery production lines will be put into use in Qinghai. It is expected that its electric light vehicle battery capacity will achieve 60GWh to 80GWh growth by 2025.

Prior to this, Yiwei LiNeng announced that the company had examined and passed the "motion on changing the use of part of the raised funds" and would raise 900 million yuan from the Jingmen Yiwei energy storage power lithium-ion battery project. Used to set up a fully automated cylindrical ternary lithium-ion battery production line; the main application areas are the power tools and electric bicycle market.

According to founder Securities, the demand for lithium replacement generated by the arrival of the new national standard last year will bring 210 million of the stock replacement demand between 2019 and 2024. At the same time, shared bikes and real-time distribution have become new growth points, and demand is expected to exceed 10 million by 2025. At the same time, under the release of overseas market demand, the market size has exceeded 100 billion since 2021.