In 2024, global sales of electric bicycles and electric tricycles are still growing, but there are still many problems in the deployment of these vehicles. Such as uncertainty in resale value, limited battery warranty and service life, localization of parts, high initial costs and depreciation, lack of government support, high interest rates, project financing, charging stations, economic and geopolitical situations, policies and poor road infrastructure.

2025 can be regarded as the "first year of compliance" for the electric bicycle industry. The industry's compliance will move forward in great strides, and compliant lithium battery companies will surely usher in huge development opportunities. The compliance of battery replacement brings millions of units of incremental sales to compliant lithium batteries every year.

The overseas two-wheeled electric vehicle market has a large room for growth. According to data from the General Administration of Customs, my country exported 14.25 million electric two-wheeled vehicles in the first eight months of this year, a year-on-year increase of 43.4%. Europe's increasingly stringent emission standards and Southeast Asia's "oil-to-electricity" policy are undoubtedly promoting the electrification of two-wheeled vehicles. For example, Southeast Asian countries plan to phase out fuel vehicles by 2040, and the capacity of electric two-wheelers and electric three-wheelers in the future market will reach 60 million.

We look forward to more sound and compliant policies to promote the growth of the two-wheeler and three-wheeler market.