Electric scooter market in China and abroad
Although the electric scooter comes from abroad, its Chinese market is also maturing. Because China can make anything into cabbage. Electric skateboards don't have too many technical hurdles. Although the foreign market has been developed first, compared with the domestic electric scooter market, whether it is technically still in the industrial chain, its advantages are not obvious.
Some people have made a judgment on the electric scooter market. The use scenarios of electric scooters and traditional bicycles are highly overlapping. For consumers, electric scooters are more compact, convenient, time-saving and labor-saving than traditional bicycles, and reduce travel costs. advantages are more obvious. The global annual output of bicycles is close to 150 million, with a total output value of over 20 billion US dollars, of which the total export value is about 8.9 billion US dollars. The global electric scooter market size in 2020 is only 2.1 billion US dollars. The current penetration rate of electric scooters is not low. There is more room for development.
Especially after the implementation of the new national standard in 2019, policies have driven the demand for replacement, and the replacement of the stock of "non-standard cars" by national standard cars has stimulated the further expansion of the industry market scale. In addition, the rejuvenation of electric vehicle users has also spawned the demand for intelligence. Some users will use two-wheeled electric vehicles as their main means of transportation, and some users will use electric scooters as a supplement to motor vehicles in order to avoid traffic jams. On the whole, it is currently the outlet for the replacement of the old and new national standards and the intelligent upgrade. The core technology and intelligence level are in a leading position. This is the way of the company's development.