According to data, domestic energy-saving and environmentally friendly electric bicycles are in line with the strategic policy of sustainable development, and the lithium battery electric bicycle market has great potential. China electric bicycles have an annual output of more than 30 million electric bicycles, and the number of holdings exceeds 100 million. If all are replaced by lithium batteries, the market size will exceed 100 billion yuan.
In recent years, the domestic production of lithium battery two-wheeled electric vehicles has risen rapidly, and the replacement of lead-acid batteries by lithium batteries has emerged. The current mainstream lead-acid batteries on the market are about 450 yuan, while lithium batteries (mainly lithium iron phosphate) price is more expensive at around 1,000 yuan. Although the price is twice as expensive, the service life is 4 to 5 times that of lead-acid batteries, and the production standard is more than twice as high.
After the implementation of the new national standard, the replacement of lithium batteries will begin to accelerate, and it is expected to start with the 48V12Ah model first. Compared with lead-acid batteries, lithium batteries have great advantages in terms of weight, battery life, and life span. By 2022, the industry's output of lithium battery models is expected to be close to 30 million. With the increase in shipments, the cost of lithium batteries has fallen, the overall price has fallen, and the penetration rate is expected to increase rapidly.
