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two-wheeled electric vehicle industry is Booming!

In the past decade, the most significant change in the two-wheeled electric vehicle industry has undoubtedly been the introduction and implementation of the new national standard (New GB). This standard, released in 2018 and officially enforced on April 15, 2019, clearly defined the upper limits for weight, height, and speed of electric bicycles. This change not only promoted the widespread adoption of lithium batteries but also accelerated the trend towards higher-end products in the electric bicycle market. As we enter 2024, with the five-year term of the New GB coming to an end and the replacement transition period for electric bicycles in various regions wrapping up, the electric bicycle industry, which boasts a stock market of 420 million units nationwide, is gradually shifting from its previous “wild growth” phase to a period of “refined cultivation.” The industry’s new challenges involve further product intelligence and the diversification of products derived from existing technological capabilities. Declining Sales and Industry Polarization According to data from Global Electric Vehicle Network, starting in 2019, influenced by the policy-driven upgrade cycle under the New GB, the two-wheeled electric vehicle industry experienced rapid growth, rising from 36.8 million units annually to 60.07 million units in 2022. However, with the end of the policy’s benefit period and the impact of the economic situation, sales of two-wheeled electric vehicles in China fell to 55 million units in 2023. Although still higher than in 2021 and prior years, the slowing growth trend is evident. Traditionally, China’s two-wheeled electric vehicle market can be divided into “traditional giants,” “new forces,” and other manufacturers. The traditional giants, including Yadea, Aima, and Tailg, dominate the vast Chinese market with extensive channels and relatively low prices. These three brands, each with annual sales exceeding 5 million units, are collectively referred to as “YAT” (Yadea, Aima, Tailg), akin to the BBA (BMW, Benz, Audi) in the automotive industry. The new forces, on the other hand, are young brands focusing on intelligence, high-tech, and high average transaction prices, including Segway-Ninebot, Niu Technologies, and ZEEKR, which stems from traditional motorcycle company Chunfeng Power. Recently, Yadea Holdings, Aima Technology from the “traditional giants,” and Segway-Ninebot, Niu Technologies from the “new forces,” have successively released their 2023 financial reports, offering insight into new industry trends. In terms of scale, Yadea, Aima, Segway-Ninebot, and Niu Technologies reported revenues of 34.763 billion yuan, 21.036 billion yuan, 10.222 billion yuan, and 2.6518 billion yuan, respectively, in 2023, with growth rates of 11.9%, 1.12%, 0.97%, and -16.3%, respectively. In terms of profit, Yadea earned 2.64 billion yuan, a 22.2% year-on-year increase; Aima earned 1.881 billion yuan, a 0.41% increase; Segway-Ninebot earned 598 million yuan, a 32.5% increase; while Niu Technologies faced a net loss of 130.2 million yuan, up from a net loss of 37.1 million yuan in the same period last year. It is noteworthy that as the benefits of the New GB gradually diminish, revenue growth in the two-wheeled electric vehicle industry is slowing. For example, Yadea’s revenue growth rates, which were as high as 62% and 39% in 2020 and 2021, respectively, had dropped to 15.2% and 22.2% by 2022 and 2023. For Segway-Ninebot and Niu Technologies, which emphasize technology and intelligence, the current performance is mixed. Niu Technologies is under significant revenue and profit pressure, while Segway-Ninebot is thriving. According to official reports, Segway-Ninebot’s sales in the two-wheeled electric vehicle market have entered the top four annually and are expected to enter the top three in 2024, while Niu Technologies seems to be lagging. Diversification and High-End Focus In response to the diminishing benefits, the two-wheeled electric vehicle industry’s strategy is to focus on high-end products and business diversification. Among the many two-wheeled electric vehicle companies, Segway-Ninebot is undoubtedly the most proactive. Currently, its electric two-wheelers account for only about 40% of its revenue. The remaining 60% comes from products such as electric balance scooters, electric skateboards, all-terrain vehicles, and service robots. Titan Media App learned from Segway-Ninebot’s founder and chairman, Gao Lufeng, that as early as 2015, the company foresaw that electric scooters would partially replace traditional bicycles and become one of the most mainstream short-distance transportation tools. Following this, Segway-Ninebot acquired Segway, the world’s leading brand in this field at the time, representing a classic case of a “snake swallowing an elephant.” Financial reports show that in 2023, Segway-Ninebot’s electric balance scooter and electric skateboard business generated 3.48 billion yuan in revenue, its second-largest income source, with a gross profit margin of 29.45%. In addition to product technology, this acquisition has had a long-lasting impact on the brand level. Since Segway had been operating in the European and American markets for many years, after the acquisition, Segway-Ninebot naturally continued to use the brand in these markets. Xu Peng, Secretary of the Board at Segway-Ninebot, told Titan Media App that due to this early acquisition, the company’s marketing and promotion in the European and American markets, such as entering major KA retail channels, became easier. Unlike other companies going global, Segway-Ninebot adopts different operating strategies depending on the country or region, rather than merely handing over goods to distributors. In addition, Segway-Ninebot’s robot business generated 252 million yuan in revenue in 2023, a year-on-year increase of over 125.30%. Its Navimow smart lawn mower, targeting overseas markets, has entered more than 30 countries or regions worldwide, becoming the world’s first wireless lawn mower brand with over 30,000 activated users. Compared to traditional lawn mowers, this product does not require professional personnel to pre-lay boundaries, and users can complete the setup in just half an hour. For European and American users, hiring a gardener to mow the lawn typically costs around $400-500 per time, with four sessions a year. Segway-Ninebot’s lawn mower is priced at around $1,000, offering a clear cost advantage. The company stated that due to its shared platform, many of the lawn mower’s technologies can be used internally, significantly reducing development costs. For 2024, Segway-Ninebot aims to sell 100,000 lawn mowers. It can be said that as

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Yadea factory tour: The surprises I found at the world’s largest electric vehicle maker

recently took a trip to China, where I had the opportunity to visit one of Yadea’s several global factories used to produce a wide range of light electric vehicle models and styles. As the world’s largest electric vehicle manufacturer, it was a chance to see how the most popular forms of EVs – namely e-bikes, e-scooters, and electric three-wheelers, are built in sophisticated factories featuring high-level quality control processes. The experience was thoroughly eye-opening, and blew my expectations away! In fact, one of the biggest surprises of my time at the factory was just how much effort is put into quality control along the way. It was a magnitude that, frankly, I was surprised to see. I don’t mean that as a slight. It’s just that, like most people, I was probably a bit misinformed before this trip. The term “Chinese manufacturing” makes most of us in the West think of cost reductions and competitive pricing – not heavily automated manufacturing and multi-tier quality assurances. But with Yadea’s massive size has come the opportunity to deeply invest in the hallmarks we previously associated with a bygone era of Western manufacturing.   And I’m not exaggerating when I refer to Yadea as “massive.” This was just one of eight global factories, and this one spanned over 1,000 acres (that’s around 750 American football fields). And this is just Phase I of the factory, which was only built a few years ago. Phases II and III are going to be even bigger, adding much more manufacturing capacity. Yadea is already a household name all over Asia, where it dominates the markets for scooters, bikes, and other micromobility devices. Last year, over 16 million two-wheeled EVs rolled off the company’s production lines. Yadea refers to itself as the world’s largest electric motorbike manufacturer, but it is also the second-largest motorbike maker, period. With 16M annual production volume, that puts the company within striking distance of overtaking Honda’s 18M annual units. And that’s even more impressive considering Yadea exclusively produces electric vehicles, unlike Honda which nearly exclusively produces combustion engine motorbikes. Yadea now has a growing presence in Europe and has recently set its sights on a major expansion into North America. That means that Americans are set soon to get access to some of Yadea’s impressively designed and built light electric vehicles (though mostly starting with lighter electric bicycles and scooters). Check out my video below to see inside Yadea’s factory yourself and to join me for my test drives on several of Yadea’s e-bikes, e-scooters, e-mopeds, and e-trikes. You’re not going to want to miss it! My tour started in just one corner of the sprawling Jinzhai factory, where I watched as rows of plastic injection molding machines worked in rhythm to pump out various scooter-shaped bits and pieces. This is where many of the body panels, shrouds, and other molded components of Yadea’s electric scooters and e-mopeds are produced. Many smaller companies outsource the production of these types of components, but Yadea does it all in-house to maintain better control over the processes and thus the quality of the parts. The machines run largely autonomously, though a few workers monitor the machines and can respond to any area, if necessary. I poked my head into a few of the lines and saw some machines churning out recognizable parts like shrouds around the handlebar displays and cargo areas under moped seats, with each completed component moseying down a conveyor belt towards a finished parts pile. The building was massive and already housed 24 injection molding machines, each the size of my college dorm room. However the area of the building that was currently storing stacks of just-produced parts was already taped off with sections where more injection molding machines would soon be installed. They told me that there are plans to operate 60 of these massive machines here. Yadea continues to roll out new EV models and increase its sales around the world, and that means it is always ramping up its own internal component production capacity to match.From there we hopped aboard a cute little electric shuttle bus and moved to another building in the complex where welding takes place.This particular welding building was set up for Yadea’s three-wheelers, which are basically the lightweight farm trucks of China. In the same way you see a bunch of clapped-out F-150 pickup trucks all over rural America, you see these electric three-wheelers all over rural China. That’s why, despite Yadea’s scooters and mopeds being built largely for both the domestic and international markets, their three-wheelers are pretty much only sold in China.I think they could be incredibly powerful utility vehicles in the US, but that’s another issue for another article. For now, I got the chance to see how these local versions of a pickup truck are made. And I was surprised by just how automated the production is.Robotic welding seems to take care of most of the fabrication, with the vehicles going from steel tubes and sheet metal to mostly formed trikes without ever touching the ground. Laser cutting ensures each raw sub-component is cut to the exact right size and has smooth finished edges. The pieces are passed from machine to machine, sometimes by robots and sometimes by human hands, until full frames come out the other side.When the frames are finished being welded, multiple steps of electrophoresis for corrosion resistance and then robotic painting await the finished pieces.I wasn’t able to go through the actual painting area because it’s closed off to ensure a clean environment for the robotic painting machines, but I did get to see the massive environmental protection equipment that filters the air leaving the painting section of the factory, ensuring that any harmful emissions from the aerosolized paint and treatment chemicals are scrubbed and don’t just get pumped out into the atmosphere.Again, I definitely went into this tour with some preconceptions that turned out to be false. That doesn’t mean there isn’t polluting heavy industry

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Pet Electric Scooter: A Trendsetting Innovation in Vietnam and Korea

Pet Electric Scooter: A Trendsetting Innovation in Vietnam and Korea ### Introducing the Pet Electric Scooter: A Trendsetting Innovation in Vietnam and Korea In the bustling cities of Vietnam and Korea, a new trend is capturing the hearts of pet lovers and urban commuters alike: the Pet Electric Scooter. This innovative product combines convenience, style, and practicality, making it an essential item for pet owners in these dynamic countries. Whether you’re navigating the narrow streets of Hanoi or the busy avenues of Seoul, the Pet Electric Scooter offers a seamless solution for transporting your furry friends with ease. #### Rising Popularity in Vietnam and Korea In recent years, the Pet Electric Scooter has gained significant traction in Vietnam and Korea. These countries are known for their vibrant pet culture and growing urban populations, which have created a demand for efficient and stylish modes of transportation. Pet owners in these regions are increasingly seeking ways to incorporate their beloved animals into their daily routines, and the Pet Electric Scooter has emerged as a perfect answer. Vietnamese cities, with their dense traffic and compact living spaces, require innovative solutions for commuting and pet care. Similarly, in Korea, where the pet industry is booming, the Pet Electric Scooter has quickly become a favorite among city dwellers. Its ability to navigate crowded streets and provide a comfortable ride for pets has made it a must-have accessory for modern pet owners. #### Versatile Usage Scenarios The Pet Electric Scooter is designed to cater to a variety of usage scenarios, making it a versatile addition to any pet owner’s collection. Some common scenarios include: 1. **Daily Commutes:** For pet owners who need to travel short distances within the city, the Pet Electric Scooter offers a convenient way to bring their pets along. Whether it’s a trip to the park, a visit to the vet, or a quick errand, this scooter ensures your pet is always by your side. 2. **Pet-Friendly Outings:** Planning a weekend getaway or a leisurely ride through the city? The Pet Electric Scooter is perfect for those who enjoy outdoor activities with their pets. Its compact size and lightweight design make it easy to maneuver through various terrains, ensuring a smooth and enjoyable ride for both you and your furry companion. 3. **Urban Adventures:** Exploring the city’s hidden gems and local attractions becomes more fun with your pet on board. The scooter’s agility allows you to navigate through narrow alleys and busy streets, providing an exciting adventure for you and your pet. #### Compact and Lightweight Design One of the standout features of the Pet Electric Scooter is its compact and lightweight design. Unlike traditional scooters, this model is specifically crafted to accommodate pets comfortably while ensuring easy handling for the rider. The scooter’s lightweight frame makes it easy to carry and store, perfect for urban living where space is often limited. Despite its small size, the Pet Electric Scooter is built to be robust and durable, capable of supporting both the rider and their pet. The design includes a spacious and secure compartment for pets, ensuring their safety and comfort during the ride. Additionally, the scooter’s ergonomic design provides a stable and smooth riding experience, making it suitable for various road conditions. #### Customizable Colors and Patterns To cater to the diverse tastes of pet owners, the Pet Electric Scooter is available in a range of customizable colors and patterns. Whether you prefer a classic look or a more vibrant and playful design, there’s an option to match your style. Personalizing your scooter not only adds a touch of individuality but also makes it easy to spot in a crowd. In conclusion, the Pet Electric Scooter is more than just a mode of transportation; it’s a lifestyle choice for pet owners in Vietnam and Korea. Its popularity is driven by its practicality, versatility, and stylish design, making it an ideal solution for modern urban living. Embrace the trend and enjoy the freedom of exploring the city with your pet by your side on a Pet Electric Scooter.

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Chinese 3 wheel is going Viral in US!

Unexpectedly, the “three-wheeled vehicle”, which was once a traffic weapon on Chinese streets, has become popular in the United States. According to relevant reports, since New Year’s Day this year, the number of orders for domestic electric tricycles in the United States has soared recently. Some of them are obtained through the sales channels of e-commerce platforms, and some are customized by private individuals.When domestic netizens learned about it, they complained that they did not expect that the first Chinese sentence foreigners learned was not “Hello”, but “Please pay attention when reversing” from an electric tricycle. So why are domestic electric tricycles so popular in the United States, and what are the domestic “artifacts” in the eyes of foreigners?“Three-wheeled vehicle” is popular in the United StatesIt is understood that the video of the electric tricycle’s popularity comes from a short video platform, which was posted by a Beijing girl named Wu Bo. The electric tricycle that she carefully decorated was driven out of the house by her family and drove to the street without looking back. Passers-by on the streets of the United States were attracted by this special means of transportation. Some took out their mobile phones to take pictures and record them, and some even came up to ask where this tricycle was purchased.According to Wu Bo, she found that her family in the United States was very interested in this electric tricycle, so she asked her friends in China to buy one for her father-in-law as a Christmas gift. Unexpectedly, her father-in-law loved this tricycle very much and immediately drove it out to show off to his neighbors. Even her mother-in-law couldn’t wait to sit on it and try it out.Many people gave thumbs up after experiencing the “three-wheeler”, believing that this tricycle can be used to transport express delivery, and even going to the supermarket for shopping is much more convenient than driving a car. Now his car has been legally registered in the local area, and even the staff said “We should find the mayor’s office and mass-produce this car.”In response, many Chinese netizens joked: It’s not that cars can’t be afforded, but that the “three-wheeler” is more cost-effective. Even the official short video account of this electric tricycle, “Guowei Electric Vehicle Flagship Store”, left a message: “If you have any questions during the ride, please feel free to contact me.”At this time, Wu Bo’s father-in-law was still worried about the safety of the car and how to lock it. This shows how much the American father-in-law loves it.

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Chinese-made electric tricycles are selling like hot cakes abroad! Orders surge, with some companies’ foreign trade increasing by 50%

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Some time ago, an interesting video about a domestically produced electric tricycle that was very popular in a small town in the United States attracted attention on the Internet. From the light vehicle shape to the reminder sound of “Please pay attention when reversing”, it has aroused the curiosity of local Americans. Where did this electric tricycle come from?In a series of videos released by Chinese girl Wu Bo, an electric tricycle was carefully decorated by her family in the United States and drove to the street. Some people took up their mobile phones to take pictures, and some people directly asked where this “cool” electric tricycle was bought. This electric tricycle was purchased by Wu Bo’s friends from China and sent to the United States.The reporter learned that the electric tricycle in the video came from the Xishan Electric Vehicle Industrial Park in Anzhen Street, Xishan, Wuxi, Jiangsu. In this industrial park, workers are busy packing.Wang Qing, sales manager of a motorcycle e-commerce platform in Wuxi, Jiangsu: The tricycles were packed and sent to Qingdao, and then packed in wooden boxes at Qingdao’s seaport and sent to the United States.According to the company, since New Year’s Day this year, the number of orders placed by local American consumers from various e-commerce platforms has continued to soar.According to the company’s head, 20% to 40% of the total two-wheeled and three-wheeled electric vehicles they produce each year will go abroad, covering 70 countries and regions.Factory R&D personnel said that they will also conduct preliminary research on the road conditions and usage habits of local people in the target market to make electric tricycles more suitable for local driving.Shen Yu, Secretary-General of the Electric Vehicle Foreign Trade Association of Xishan District, Wuxi City, Jiangsu Province: In recent years, the electric vehicle industry in Xishan District has responded to the country’s call to go global, and the total export volume has continued to rise. In 2023, the average foreign trade growth rate of the industry reached 20%, and some companies even reached 50%. Xishan District currently has more than 160 electric vehicle export companies, and has opened brand stores in more than 140 countries and regions around the world. This year, we will organize companies to participate in more international electric vehicle exhibitions, find more partners, and expand larger overseas markets.

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Positive impacts of electric two-wheelers on the environment and society

Electric two-wheelers, commonly known as e-scooters or e-bikes, have gained significant popularity in recent years due to their numerous benefits for society and the environment. Here are ten key advantages highlighting their positive impact. Firstly, electric two-wheelers contribute to reducing air pollution. Unlike gasoline-powered vehicles, they produce no tailpipe emissions, which helps to lower the concentration of harmful pollutants in the air. This is particularly beneficial in urban areas where air quality is often a significant concern. Secondly, e-scooters and e-bikes help mitigate climate change. By relying on electricity, especially when sourced from renewable energy, they contribute to reducing greenhouse gas emissions. This supports global efforts to combat climate change and promotes a more sustainable future. Thirdly, electric two-wheelers offer an economical transportation option. The cost of electricity is considerably lower than gasoline, making daily commutes and short trips more affordable. Additionally, maintenance costs are typically lower due to fewer moving parts and simpler mechanical systems. Fourthly, they reduce traffic congestion. With their compact size, electric two-wheelers can navigate through crowded streets and require less parking space. This helps alleviate traffic jams and improves overall urban mobility. Fifthly, e-scooters and e-bikes are energy-efficient. Electric motors convert a higher percentage of energy into movement compared to internal combustion engines. This efficiency translates into longer travel distances on the same amount of energy, promoting better resource utilization. Sixthly, electric two-wheelers are accessible and easy to use. They require minimal training and can be operated by people of various ages and physical abilities. This inclusivity encourages more individuals to opt for cleaner modes of transportation. Seventhly, they promote a quieter urban environment. Electric two-wheelers operate almost silently, reducing noise pollution in cities. This contributes to a more peaceful and livable urban atmosphere, benefiting both residents and businesses. Eighthly, e-scooters and e-bikes enhance public health. By providing an active mode of transportation, they encourage physical activity. Even though they require less effort than traditional bicycles, they still contribute to improved cardiovascular health and overall fitness. Ninthly, they support technological innovation. The rising demand for electric two-wheelers drives advancements in battery technology, smart mobility solutions, and sustainable manufacturing practices. These innovations have broader applications, benefiting other sectors of the economy. Lastly, electric two-wheelers foster a culture of sustainability. Their adoption raises awareness about environmental issues and encourages individuals to make more eco-friendly choices. This cultural shift towards sustainability is crucial for achieving long-term environmental goals. In conclusion, electric two-wheelers offer a multitude of benefits for society and the environment. They help reduce air pollution and greenhouse gas emissions, provide an economical and efficient mode of transportation, alleviate traffic congestion, and promote a quieter, healthier urban environment. Moreover, they drive technological innovation and foster a culture of sustainability. As their adoption continues to grow, electric two-wheelers will play an increasingly important role in building a cleaner, greener future for all.

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The positive impact of electric two-wheelers on human life

Electric two-wheelers are becoming increasingly popular in modern life, serving as a daily transportation tool for many people. They are not only environmentally friendly but also offer numerous practical benefits. Here are ten aspects detailing the positive impact of electric two-wheelers on human life. Firstly, electric two-wheelers have significant environmental advantages. Compared to traditional fuel-powered vehicles, electric two-wheelers emit no exhaust gases, contributing to improved air quality and helping reduce urban air pollution and greenhouse gas emissions. Secondly, electric two-wheelers are economically affordable. Their purchase cost is relatively low, and the cost of using electricity is much cheaper than gasoline. Additionally, the maintenance costs of electric two-wheelers are low due to their simple components, resulting in lower repair expenses. Thirdly, electric two-wheelers are highly energy-efficient. Electric motors have a much higher energy conversion efficiency than internal combustion engines, allowing electric two-wheelers to travel longer distances on the same amount of electricity, thus enhancing energy utilization efficiency. Fourthly, electric two-wheelers are easy to operate and convenient to use. They require no complex operations, only simple starting and controlling, with no need for gear shifting, reducing driving difficulty and making them suitable for people of all ages. Fifthly, electric two-wheelers save space. Their compact design makes it easier to find parking spaces in cities, especially in large cities with limited parking resources, highlighting the advantages of electric two-wheelers. Sixthly, electric two-wheelers are flexible and agile, ideal for short trips. Particularly in congested urban areas, electric two-wheelers can easily weave through traffic, significantly shortening commute times and improving travel efficiency. Seventhly, electric two-wheelers operate quietly. Unlike internal combustion engine vehicles, electric two-wheelers produce very little noise during operation, reducing noise pollution and noticeably improving the urban environment. Eighthly, electric two-wheelers promote a healthy lifestyle. Riding an electric two-wheeler requires some physical effort, although not as much as a bicycle, it still adds moderate exercise to daily commuting, which helps improve physical health. Ninthly, the technology of electric two-wheelers is constantly advancing. With the development of battery technology and intelligent control systems, the range, charging speed, and level of intelligence of electric two-wheelers are continuously improving, enhancing the user experience. Lastly, electric two-wheelers promote the popularization of green travel concepts. By using electric two-wheelers, people become more aware of environmental protection and sustainable development, cultivating green travel habits, and thus driving society towards a more environmentally friendly and sustainable future. In summary, electric two-wheelers not only have obvious advantages in terms of environmental protection, economy, and convenience but also enhance people’s quality of life through technological advancements and the spread of green concepts, promoting sustainable development in society.

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