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China’s e-bike output surges 33.4 percent in first 10 months

Abstract : China's output of electric bicycles reached 25.48 million during the first 10 months of the year, a year-on-year increase of 33.4 percent, said the Ministry of Industry and Information Technology on Wednesday.

China’s output of electric bicycles reached 25.48 million during the
first 10 months of the year, a year-on-year increase of 33.4 percent,
said the Ministry of Industry and Information Technology on Wednesday.

From
January to October, the revenue of major bicycle manufacturing
enterprises stood at 141.9 billion yuan (about $22 billion), a
year-on-year increase of 16.8 percent, and the total profit reached 5.88
billion yuan, 25.1 percent up year on year.

In October alone, the
output of bicycles stood at 3.61 million, a year-on-year increase of
42.2 percent, while the output of electric bicycles stood at 2.50
million, a year-on-year increase of 29.9 percent.

The coronavirus
pandemic has changed the way people commute, and bicycling has become
even more popular around the world. As a major bicycle manufacturer and
with the largest market for e-bikes, China has witnessed a growing
demand in this field.

From January to September, the volume of
bicycle exports expanded 12 percent over the same period last year to
$2.43 billion, according to data from the China Bicycle Association.

(Source: CGTN)

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s e-bike output surges 33.4 percent in first 10 months

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