China Low-speed Electric Vehicle (LSEV) Industry Report, 2017-2021
Despite absence of industry standards and of the basis for running on the road, low-speed electric vehicle (LSEV) still enjoys a huge market in rural and periurban areas because of mobility and low use costs. It takes less than a decade for the LSEV industry in China to grow from infancy and take shape. The Standardization Administration of the People’s Republic of China showed the intention to adopt stricter standards and meanwhile the State Council defined the guideline of “upgrading a batch, regulating a batch, and eliminating a batch” last year. Even so, LSEV output still soared from 688,000 units in 2015 to 1.232 million units in 2016, an upsurge of 79.1% year on year.
BYVIN, YOGOMO, and DOJO are the top3 players in the LSEV market. BYVIN, as a market bellwether, is the first enterprise with annual output of more than 150,000 units by adopting multi-brand (including LEVDEO) strategy to expand its market share in all market segments; YOGOMO, the largest LSEV enterprise in Hebei province, boasts four brands (YOGOMO, CYAHOR, YGM, and LaVie) and produces about 110,000 units annually; DOJO, the largest LSEV maker in Jiangsu province, put its Gaoyou base (with capacity of 230,000 units/a) into production in May 2017, and ranked third with output of 90,000 units last year.
Although the LSEV industry has grown rapidly in China, industry standards and polies remain unclear. In light of this, some companies, such as GreenWheel and Henan SD, jumped out of LSEV field and entered micro high-speed electric vehicle industry and have obtained the license for the production of battery electric vehicle. Meanwhile, there are still many makers that are still optimistic about the market and have increased investment, like YOGOMO’s two 150,000 unit/a LSEV projects in Mengzhou and Qinghe and Baoya’s 500,000 unit/a NEV base in Xiangyang city.
China Low-speech Electric Vehicle (LSEV) Industry Report, 2017-2021 highlights the following:
Overview of the LSEV industry in China (definition, classification, development trends, etc.);
LSEV market segments including electric bicycle, electric tricycle, LSEV, and all-terrain vehicle (industry standards, relevant policies, market size, competitive landscape, development trends, etc.);
Market for relevant key parts (battery, motor, and motor controller) (competitive landscape, manufacturers, etc.);
16 major manufacturers (Yadea, AIMA, SUNRA, BYVIN, Jinpeng, Dojo, YOGOMO, BYVIN, Shifeng Group, Tokng, Fulu Vehicle, LEVDEO, KNDI, Lichi, Rainchst, and Baoya) (profile, financial position, leading products, R&D, distribution of production bases, technical features, etc.)
Please Note: PDF E-mail from Publisher purchase option allows up to 10 users and does not allow printing or editing. This functionality will require a Global Site License.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook