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Wuxi Truckrun Motor Co.,Ltd
Add:No. 59,Hongchang Road, Hongshan Street, Xinwu District, Wuxi City, Jiangsu Province, China
What is the reason for the strong growth of electric bicycles?
Nov 28, 2018

      The Taipei show in early November once again showed the trend of supply of electric bicycles. There are two main reasons for the rapid growth of the bicycle market. The first one is related to favorable market forecasts. According to the forecast, the market for electric bicycles will develop into Billions of dollars in business. And it is expected that the annual growth rate of electric bicycles will exceed 6% by 2025. The second reason is that the car's electrification has caused huge losses to the original car manufacturers, but the investment in the car electrification market is huge. These manufacturers have turned their attention to the low investment and easy access to electric bicycles. The market is used to compensate for the losses caused by the increasing electrification of these companies over the next few years.