Recently, when foreign epidemics have not been effectively controlled, many countries have issued an unblocking order. Foreign governments and the public have shifted their travel methods towards bicycles. Thus, the electric bicycle market has gradually recovered, which is beneficial to increase the demand for lithium batteries in the domestic electric bicycle industry. With the vigorous development of express delivery and take-out electric vehicles, as well as the support of national policies and the breakthrough of electric bicycle battery technology, it is expected that the electric bicycle battery industry will develop towards environmental protection and high quality.
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DomesticOrders of Electric Bicycles Soared
As the epidemic in Europe eased, countries began to gradually unblock in early May, while people who are still afraid of the epidemic dared not take public transportation, which makes electric bicycles became the first choice for them. At the same time, as governments in various countries also encouraged citizens to use bicycles, the demand for electric bicycles has surged in a short time. But foreign countries cannot fill the vacancy of bicycle supply in a timely manner since the global supply chain has been interrupted by the impact of the epidemic. Thus, the difficult task to produce the electric bicycles is entrusted to China.
In May, the exports of electric bicycles from China to Europe skyrocketed, resulting in domestic manufacturers were under load. At the same time, the rapid growth of domestic outside catering services and express delivery services during the epidemic has stimulated a surge in demand for terminal electric bicycles, where the domestic electric bicycles have developed rapidly for a while.
Lithium Battery of Electric Bicycle Is the Growth Point
The bicycle boom under the epidemic has driven the rapid growth of the electric bicycle industry in the short term. But we keep the point that the accidental epidemic cannot serve as a long-term driving factor for the industry, and the development of the industry chain will eventually subside after this boom.
In addition, data show that in recent years, the penetration rate of domestic electric bicycles has been increasing, which has become saturated.
But as a representative of energy-saving batteries, lithium batteries are expected to replace traditional lead-acid batteries to gain new growth points.
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The electric bicycle industry mainly includes electrical components, control systems, and decorative assembly components, and midstream manufacturers and downstream terminal direct sales. The batteries of electric bicycles mainly include lead-acid batteries and lithium batteries, and more environmentally friendly lithium batteries are popular abroad.
Lithium Batteries Take the Dominant Position Under the New National Standard
In 2018, the new national standard stipulates that electric bicycles must have the ability to pedal, the maximum design speed must be under 25 kilometers per hour, and the mass of the vehicle including battery does not exceed 55 kilograms.
The energy density of lead-acid batteries is only a quarter of that of lithium batteries. In other words, lead-acid batteries are four times larger than lithium batteries in size and weight. If it wants to use lead-acid batteries underage the new national standard, it can only be at the expense of battery life. Taking 48V12Ah lead-acid battery as an example, the weight of the battery of this specification is usually more than 16 kilograms, which means that the weight of the entire vehicle without batteries must be controlled below 38 kilograms，which is a challenge for the design of electric bicycles.
Recently, the China Quality Certification Center has issued an authority on energy-saving certification standards for electric bicycles, that is, electric bicycle products can achieve a cruising capacity of at least 75 kilometers per kilowatt-hour on the premise of meeting the standards. It does not specify which type of battery to use, which is mainly determined by product performance and market response. However, as mentioned above, the lead-acid battery for automatic electric vehicles can only choose one between weight and battery life, which has become a limitation of its development.
The service life of lead-acid batteries is about 2 years with the Cycle charge and discharge of 300 times, while the cycle charge and discharge of lithium batteries is more than 500 times, and its life is over 3 years. As consumers increasingly demand higher quality electric bicycles, the price factor will gradually be accepted by the market, although the price of lithium batteries is slightly higher. At the same time, lithium batteries have less environmental pollution than lead-acid batteries.
The Replacement Space for Electric Bicycles with Lithium Battery Is Vast
In the past, electric bicycles with lead-acid batteries were popular in China, while for their quality and volume restrictions, they did not meet people's portable travel, whose market penetration rate gradually decreased.
At the same time, with the decline in lithium battery prices in the past two years, the penetration rate of lithium-ion bicycles has risen to about 20 percent. With the implementation of the new national standard and the further decline in the price of lithium batteries, its penetration rate is expected to increase rapidly. It is estimated that the output of electric bicycles with lithium batteries will reach 30.29 million units in 2022, with broad growth potential.
The new national standard has strict quality requirements for power batteries, which will enable the internal upgrade of the battery industry of electric bicycles and lead to the replacement of products, which provides another blue ocean for the development of the battery industry.
LEARN MORE:
Lithium Batteries
https://www.globalmarketmonitor.com/reports/187764-lithium-batteries-market-report-2019.html
Electric Bicycles
https://www.globalmarketmonitor.com/reports/532595-electric-bicycles-market-report.html
New Energy Vehicle Lithium Ion Battery
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