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China Electric Two-Wheeler Market

The Chinese electric two-wheeler market is predicted to grow at 6.7% CAGR during the forecast period with its fleet size reaching 52.9 million units by 2024. <br>The Chinese market is mainly driven by the country's rising demand for electric scooters, favorable government policies, the involvement of a significant number of local players, and growing investment in the production of battery technology. With rising urbanization and increasing disposable income, the industry has seen substantial demand for these goods over the last few years.<br>

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China Electric Two-Wheeler Market

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  1. China Electric Two-Wheeler Market The Chinese electric two-wheeler market is predicted to grow at 6.7% CAGR during the forecast period with its fleet size reaching 52.9 million units by 2024. The Chinese market is mainly driven by the country's rising demand for electric scooters, favourable government policies, the involvement of a significant number of local players, and growing investment in the production of battery technology. With rising urbanisation and increasing disposable income, the industry has seen substantial demand for these goods over the last few years. By product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E- scooters hold the largest share in the Chinese market, in terms of revenue as well as fleet size. By battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in the electric two-wheelers in China. By battery technology, the market is categorized into removable battery and non-removable battery. Non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors. By voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. 48V electric two-wheeler hold the largest share in the Chinese electric two-wheeler market, followed by 36V two- wheelers. The country's growing demand for electric scooters, favourable government policies, the involvement of a significant number of local players, and increased investment in the

  2. production of battery technology are the main factors driving the growth of China's electric two-wheeler market. Policies to upgrade the conventional fuel-operated vehicle fleet are being vigorously implemented by the Chinese Government. Two-wheelers are relatively easier to build and produce at a low cost, contributing to the development of the Chinese demand for electric two-wheelers. Recent News: In October 2017, At the China National Convention Center in Beijing, Yadea Group Holdings unveiled the Z3S, the latest electric two-wheeled vehicle platform. Competitive Insights: Jiangsu Kingbon Vehicle Co., Ltd, AIMA Technology Group Co. Ltd, Zhejiang Luyuan Electric Vehicle Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd. (SUNRA) and Yadea Technology Group are some of the key players operating in the Chinese electric two-wheelers market. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter

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