China's exports of two-wheeled electric vehicles doubled

In fact, not only the export situation is good, but with the implementation of the new national standard, China’s two-wheeled electric vehicles will also usher in the peak period of replacement.

It is expected that the global two-wheeled electric vehicle market will continue to boom in the next few years, and this will also be transmitted to the upstream industry chain.

Two-wheeled electric vehicles are in great demand

Two-wheeled electric vehicle is a general term for two-wheeled electric bicycles, electric motorcycles, and electric mopeds.

It refers to the use of batteries as auxiliary energy on the basis of two-wheeled vehicles.

Mechatronics personal transportation, two-wheeled electric vehicles are very convenient short-distance transportation.

From the perspective of market demand, the market size of two-wheeled electric vehicles will continue to grow in the future.

According to the data, the global electric bicycle market will reach US$17.56 billion in 2021, a year-on-year increase of 6.49%.

It is expected to reach US$40.98 billion by 2030, with a compound annual growth rate of about 10%.

In China, the implementation of the “Technical Specifications for Electric Bicycle Safety” in 2019 put forward new requirements for electric bicycles.

The weight of the whole vehicle is not more than 55kg, the maximum speed is 25km/h, the height of the whole vehicle is 1100mm, the width is ≤450mm, and the center distance between the front and rear wheels is ≤1250mm.

According to the analysis, according to the buffer time given by the state, 2021-2024 will be a transition period for China’s over-standard two-wheeled electric vehicles to withdraw from the market, and China’s electric vehicles will usher in a peak period of replacement growth in the next two years.

In other countries, in order to reduce the concentration of public transportation, many countries have introduced subsidy policies to encourage people to ride.

For example, the French government has formulated a subsidy plan of 20 million euros, providing 400 euros per person for employees who commute by bicycle.

The Dutch government subsidizes more than 30% of the purchase amount; the German Berlin government re-plans road standards and expands temporary bicycle lanes.

According to data, in 2019, the sales volume of electric bicycles in Europe increased to 3 million units, with a market size of US$6.534 billion.

In 2025, the market size of North America will reach 1.406 billion US dollars, and the market size of major countries such as India + Southeast Asia will reach 64.886 billion RMB.

Two-wheeled electric vehicle upstream industry chain enterprises will benefit

Two-wheeled electric vehicles are generally composed of electrical systems, control systems, decorative parts, body parts, and vehicle accessories.

The core components are the battery, motor, and controller of the electrical system, as well as the frame and accessory chargers of the body parts.

China is the world’s largest producer of two-wheeled electric vehicles. The main two-wheeled electric vehicle brands include Yadi, Emma, Tailing, Jinjian, Xiaodao, Mavericks, Five-Star Diamond Leopard, and No.9.

Electric two-wheeler manufacturers are mainly responsible for the assembly, manufacture and assembly of the entire vehicle. Parts such as batteries, motors, frames, chargers, etc. are mostly outsourced, and some companies also produce parts for electric two-wheelers.

According to Emma, raw materials account for 94.38% of the cost structure of two-wheeled electric vehicles. Among them, the battery cost accounted for 23.43%, the motor cost accounted for 12%, the frame accounted for 9%, and the controller accounted for 4%. So which companies supply the core components of two-wheeled electric vehicles, such as batteries, motors, and controllers?

Battery

The power batteries used in two-wheeled electric vehicles are mainly lead batteries, and the penetration rate of lithium batteries is also increasing.

Compared with lithium batteries, lead batteries have higher safety and lower cost. As the production and sales of two-wheeled electric vehicles continue to increase, the demand for lead batteries has also increased steadily.

It is estimated that by 2023, China’s electric bicycle lead-acid battery market space will reach 68.8 billion RMB. Here are leading top 10 two-wheelers battery manufacturers in China.

In terms of energy density, lithium batteries can reach more than 2 times that of lead-acid batteries, and ternary lithium batteries can reach more than 4 times that of lead-acid batteries, with the same volume, the power of lithium batteries is much higher than that of lead-acid batteries, which brings a longer cruising range.

In terms of safety, subject to the material characteristics and system complexity of lithium batteries, the safety of lithium batteries is slightly lower than that of lead-acid batteries, and needs to be further improved.

From the perspective of performance comparison, lithium batteries are completely successful in four aspects: environmental protection, energy density, cycle life, and low temperature performance, but are only slightly insufficient in two aspects: cost and safety and reliability.

With the continuous development and progress of the lithium battery industry, the cost of lithium batteries still has room to drop, and the safety and reliability will be further improved, reaching the same level as lead-acid batteries.

From the perspective of supply companies, currently the top ten lead-acid battery brands in China are Tianneng, Fengfan, Chaowei, Shuangdeng, Nandu, Camel, GS Battery, Leoch LEOCH, Coslight COSLIGHT and Cellnike.

In terms of market share, 2021 The output of Tianneng, Camel and Nandu accounted for 40.33%, 12.94% and 11.36% respectively, and the top three accounted for 64.63% of the market.

In addition, with the implementation of the new national standard, the penetration rate of lithium-ion electric bicycles continues to increase, from 5.4% in 2016 to 23.4% in 2021.

It is expected that the sales of lithium-ion two-wheelers will reach 12.285 million in 2022, the penetration rate will increase to 27.3%, and the penetration rate will reach 56.40% in 2025.

In terms of enterprise supply, China’s electric light vehicle lithium battery manufacturers are mainly Phylion and Tianneng, accounting for 44.43% and 14.22% of the market respectively.

In order to improve the efficiency of battery use, battery swapping station has also been used. For details, please refer to battery swapping station business model and video blow.

Motor

According to the different installation positions, two-wheeled electric vehicle motors are generally divided into in-wheel motors and mid-mounted motors.

The in-wheel motor integrates the motor and motor inside the hub.

After power-on, the motor converts electrical energy into mechanical energy, thereby driving the wheel to rotate and driving the vehicle forward. The in-wheel motor is usually installed on the rear wheel.

The mid-mounted motor is a motor placed in the middle of the frame (at the crankset).

When the power output shaft of the motor senses the human stepping action, the power output shaft will drive the crankshaft that is stepped on by the human power to provide power for it.

The advantage of the mid-mounted motor is that it can keep the front and rear weight balance of the vehicle as much as possible without affecting the action of the shock absorber, and the motor will bear less road impact.

At present, most of the two-wheeled electric vehicles on the market are in-wheel electric vehicles.

However, some super electric motorcycles with a speed of over 80km/h and even 100km/h basically use a mid-mounted motor.

Two-wheeled electric vehicle motor supply companies mainly include Bosch Motor, Transit Motor, Jinyuxing, Xingwei Motor, Kyushu Motor, Omar, Wonderful, Ananda, Bafang Motor, etc.

Controller

The controller is the command system of the electric vehicle, which is equivalent to the brain of the electric vehicle.

The basic principle of the electric vehicle controller is to control the speed and current of the motor by changing the average value of the motor supply voltage by using the method of intermittent power supply under the condition that the battery voltage is basically constant.

The electric vehicle controller consists of peripheral devices and the main chip (MCU). The peripheral devices are some functional devices. Such as execution, sampling, etc., they are resistors, sensors, bridge switch circuits, and devices that assist microcontrollers or ASICs to complete the control process;

The main suppliers are Gaobiao, Jinghui, Dongda Bluebird, Ananda, Yuen Long, Taixiang, Xiechang, Songzheng, Ocean, Keya Sine+, etc.

In the electric vehicle controller industry, Gaobiao The controller market share ranks first. In addition, there are Xinlianda, Yingbil, Omar, Haili, Chaowei Superspeed, Keyi, Rundi, Nanjing Haiyong, Saiying, Kangyang, Yiertong Electronics, New Ocean, Jixiang , military creation, etc.;

Summary

As an extremely convenient short-distance means of transportation, two-wheeled electric vehicles have great market demand in China and other countries.

China is a big producer of two-wheeled electric vehicles. Under the continuous growth of global market demand, not only Yadea, Emma, and Tailing electric vehicle brands will benefit, but also the sales and revenue of upstream industry chain companies such as batteries, motors, and controllers will continue to grow.

If you want to know the tricycle battery information, you can refer to three wheeler battery.