NEWS CENTER

2018

Analysis of Production and Sales of Electric Tricycles in China in 2017

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Electric tricycles are three wheeled transportation vehicles that are powered by batteries and driven by motors to transport goods or people. The electric tricycle adopts tubular large capacity, left and right lining, deep discharge, and traction type batteries, which can adapt to the requirements of long-term continuous discharge. The batteries are used normally for two years without reducing the content. The electric tricycle motor adopts a DC series excitation traction type brush or brushless motor, and the motor is equipped with a speed regulation and force boosting device inside, which is not easily damaged during normal use and ensures strong output power.

The electric tricycle products involve multiple types of vehicles, including freight cars, leisure sightseeing cars, disabled vehicles, beach bikes, and solar powered electric tricycles. Compared to electric two wheeled vehicles, the development prospects and space of the electric tricycle industry are broader. The rapidly expanding market space provides the possibility for electric tricycle enterprises to develop rapidly. Electric tricycle products, with their advantages of environmental protection, energy conservation, convenience, and practicality, have grown rapidly in various regions, especially in rural and township markets. Special vehicles such as tourism and sightseeing vehicles are also applied in various fields, And it plays an increasingly important role.

The "2018 2024 China Electric Tricycle Industry Analysis and Investment Decision Consultation Report" released by Zhiyan Consulting shows that in recent years, the overall production of China's electric tricycle industry has been continuously improving. As of 2016, China's electric tricycle production reached 11.53 million units, a year-on-year decrease of 5.8%.

However, due to the rapid development in previous years, the capacity of China's electric tricycle market has approached saturation, and the country has issued policies to integrate the industry, resulting in a decline in the electric tricycle market in 2016. As of 2016, the sales of electric tricycles in China reached 9.3 million units, a year-on-year decrease of 5.1%.

Sales volume and growth rate of China's electric tricycle industry market from 2009 to 2016

The electric tricycle industry started relatively late and the competition is relatively not fierce. However, compared to previous years, in recent years, due to the growth rate of industry development, the number of enterprises has also rapidly increased. At present, there are more than 500 electric tricycle brand manufacturers in China, with relatively large enterprises including Huaihai, Jinpeng, Yufeng, Bubuxian, Lizhixing, Xinge, Baodao, Pepsi, Ping'an Jiajia, Changli, etc.

At present, there are about 10 enterprises with an annual production capacity of over 100000 vehicles, including Huaihai, Jinpeng, Yufeng, Bubuxian, Lizhixing, Xinge, Baodao, PepsiCo, Pinganjia, Changli, and more than 20 enterprises with an annual production capacity of around 50000 to 100000 vehicles, including Foton, Sulida, Fengshou, Shuaike, Hewangnau, Da'an, Fulvo, Putian, etc. In addition, there are many small and medium-sized electric tricycle enterprises distributed in various regions of the country, Such as Meishida, Wanji, Lvnengda, Jinyuan, Arachi, Menggma, Daerfu, etc.

Keywords:

Electric tricycles