China Low-speed Electric Vehicle Industry Report, 2015-2018
Due to extremely low price and cost of usage and very high price/performance ratio, low-speed electric vehicle wins great popularity among people from all walks of life in third and fourth-tier cities and vast rural areas in China with a flourishing market. In 2014, China produced 427,000 low-speed electric vehicles, a 41.4% jump from a year ago. The figure reached nearly 300,000 in the first half of 2015.
From the perspective of competitive landscape, brand concentration in electric bicycle market segment is relatively low, with top4 manufacturers together seizing a merely 33.9% market share and top10 ones only 46.4%. There is little difference in functional configuration of products of electric tricycle manufacturers, the prices are very close to each other, and brands have not yet been built. Low-speed electric vehicle industry has developed rapidly, and high profit margins have attracted influx of electric bicycle and tricycle manufacturers into the field, intensifying the competition.
Introduction of Interim Provisions on Administration of Investment Projects and Production Access of Newly-built Battery Electric Passenger Vehicle Manufacturers by the National Development and Reform Commission didn’t give low-speed electric vehicle expected legal status. In the face of massive market demand, most of manufacturers take a wait-and-see attitude, while some stronger companies secure the qualifications for passenger vehicle production and enter the mini electric vehicle field through transformation & upgrading or cooperation.
We believe that, as mini electric vehicle and low-speed electric vehicle aim at similar market, and mini electric vehicle will gradually displace low-speed electric vehicle due to the former’s markedly lifted price/performance ratio caused by continuously declining costs, growth rate of low-speed electric vehicle will slow down over the next couple years.
China Low-speed Electric Vehicle Industry Report, 2015-2018 focuses on the followings:
From the perspective of competitive landscape, brand concentration in electric bicycle market segment is relatively low, with top4 manufacturers together seizing a merely 33.9% market share and top10 ones only 46.4%. There is little difference in functional configuration of products of electric tricycle manufacturers, the prices are very close to each other, and brands have not yet been built. Low-speed electric vehicle industry has developed rapidly, and high profit margins have attracted influx of electric bicycle and tricycle manufacturers into the field, intensifying the competition.
Introduction of Interim Provisions on Administration of Investment Projects and Production Access of Newly-built Battery Electric Passenger Vehicle Manufacturers by the National Development and Reform Commission didn’t give low-speed electric vehicle expected legal status. In the face of massive market demand, most of manufacturers take a wait-and-see attitude, while some stronger companies secure the qualifications for passenger vehicle production and enter the mini electric vehicle field through transformation & upgrading or cooperation.
We believe that, as mini electric vehicle and low-speed electric vehicle aim at similar market, and mini electric vehicle will gradually displace low-speed electric vehicle due to the former’s markedly lifted price/performance ratio caused by continuously declining costs, growth rate of low-speed electric vehicle will slow down over the next couple years.
China Low-speed Electric Vehicle Industry Report, 2015-2018 focuses on the followings:
- Overview of low-speed electric vehicle industry in China, including development history, industry characteristics, and major policies;
- Market size, regional development, competitive landscape, and development trends of main market segments including electric bicycle, electric tricycle, and low-speed electric vehicle;
- Competitive landscape of key parts (including battery, motor and controller) for low-speed electric vehicle, main products, and advantages & disadvantages of manufacturers;
- Analysis of 16 major manufacturers including Yadea, AIMA, Xinri, Byvin, Jinpeng, Dojo, YOGOMO, Shifeng Group, Tokng, GreenWheel EV, KNDI, Lichi, and Baoya, covering profile, financial position, main products, R&D, production base, and technical features.
1 OVERVIEW OF LOW-SPEED ELECTRIC VEHICLE INDUSTRY
1.1 Definition and Classification of Low-speed Electric Vehicle
1.2 Industrial Policy
1.2.1 Overall
1.2.2 Shandong
1.2.3 Hebei
1.2.4 Jiangsu
1.2.5 Guangdong
1.3 Industry Characteristics
1.3.1 Intense Competition
1.3.2 Highly Regional Concentration
2 DEVELOPMENT OF ELECTRIC BICYCLE INDUSTRY
2.1 Market Size
2.2 Competitive Landscape
2.3 Industry Forecast
3 DEVELOPMENT OF ELECTRIC TRICYCLE INDUSTRY
3.1 Market Size
3.2 Development in Key Regions
3.3 Competitive Landscape
3.4 Industry Forecast
4 DEVELOPMENT OF LOW-SPEED ELECTRIC VEHICLE INDUSTRY
4.1 Market Size
4.2 Development in Key Regions
4.2.1 Shandong
4.2.2 Hebei
4.3 Competitive Landscape
4.4 Mini Electric Vehicle
4.5 Industry Forecast
5 DEVELOPMENT OF ATV (ALL-TERRAIN VEHICLE) INDUSTRY
5.1 Market Size
5.2 Regional Development
5.3 Competitive Landscape
5.4 Industry Forecast
6 MARKET FOR MAIN PARTS
6.1 Battery
6.1.1 Major Manufacturers and Competitive Landscape
6.1.2 Products of Major Manufacturers
6.1.3 Advantages and Disadvantages of Major Manufacturers
6.2 Motor
6.2.1 Major Manufacturers and Competitive Landscape
6.2.2 Products of Major Manufacturers
6.2.3 Advantages and Disadvantages of Major Manufacturers
6.3 Motor Controller
6.3.1 Major Manufacturers and Competitive Landscape
6.3.2 Products of Major Manufacturers
6.3.3 Advantages and Disadvantages of Major Manufacturers
7 CHINESE LOW-SPEED ELECTRIC VEHICLE MANUFACTURERS
7.1 AIMA
7.1.1 Profile
7.1.2 Production
7.1.3 Main Products
7.1.4 Production Bases
7.2 Yadea
7.2.1 Profile
7.2.2 Production Base
7.3 Byvin
7.3.1 Profile
7.3.2 Main Products
7.3.3 Main Production Bases
7.3.4 LEVDEO
7.4 Xinri
7.4.1 Profile
7.4.2 Production Base
7.4.3 Strategic Planning
7.4.4 Development during 2014-2015
7.5 Jinpeng
7.5.1 Profile
7.5.2 Main Products
7.5.3 Main Production Bases and Output & Sales
7.6 YOGOMO
7.6.1 Profile
7.6.2 Output and Sales Volume
7.6.3 Three Brands Released by YOGOMO
7.6.4 Models Launched in 2015
7.7 Shifeng Group
7.7.1 Profile
7.7.2 Operation
7.7.3 Production
7.7.4 Strategic Planning
7.8 Tokng
7.8.1 Profile
7.8.2 Main Products
7.9 Fulu Vehicle
7.9.1 Profile
7.9.2 Main Products
7.9.3 Investment and Development
7.10 DOJO
7.10.1 Profile
7.10.2 Main Products
7.10.3 Production Bases and Capacity
7.10.4 New Models Launched in 2015
7.10.5 Operation
7.11 Baoya
7.11.1 Profile
7.11.2 Main Products
7.11.3 Production Bases
7.11.4 Strategic Planning
7.12 Green Wheel EV
7.12.1 Profile
7.12.2 Production Bases
7.12.3 Developments
7.13 Lichi
7.13.1 Profile
7.13.2 Main Products
7.13.3 Operation
7.13.4 Equity Transaction
7.14 KANDI
7.14.1 Profile
7.14.2 Revenue
7.14.3 Main Business
7.14.4 Main Products
7.14.5 Vehicle-share Scheme
7.15 Xinyuzhou (Yudea Group)
7.15.1 Profile
7.15.2 Main Products
7.15.3 Production Bases
7.15.4 Main Qualifications
7.15.5 New Vehicles Launched in 2015
7.16 Apache
7.16.1 Profile
7.16.2 Main Products
1.1 Definition and Classification of Low-speed Electric Vehicle
1.2 Industrial Policy
1.2.1 Overall
1.2.2 Shandong
1.2.3 Hebei
1.2.4 Jiangsu
1.2.5 Guangdong
1.3 Industry Characteristics
1.3.1 Intense Competition
1.3.2 Highly Regional Concentration
2 DEVELOPMENT OF ELECTRIC BICYCLE INDUSTRY
2.1 Market Size
2.2 Competitive Landscape
2.3 Industry Forecast
3 DEVELOPMENT OF ELECTRIC TRICYCLE INDUSTRY
3.1 Market Size
3.2 Development in Key Regions
3.3 Competitive Landscape
3.4 Industry Forecast
4 DEVELOPMENT OF LOW-SPEED ELECTRIC VEHICLE INDUSTRY
4.1 Market Size
4.2 Development in Key Regions
4.2.1 Shandong
4.2.2 Hebei
4.3 Competitive Landscape
4.4 Mini Electric Vehicle
4.5 Industry Forecast
5 DEVELOPMENT OF ATV (ALL-TERRAIN VEHICLE) INDUSTRY
5.1 Market Size
5.2 Regional Development
5.3 Competitive Landscape
5.4 Industry Forecast
6 MARKET FOR MAIN PARTS
6.1 Battery
6.1.1 Major Manufacturers and Competitive Landscape
6.1.2 Products of Major Manufacturers
6.1.3 Advantages and Disadvantages of Major Manufacturers
6.2 Motor
6.2.1 Major Manufacturers and Competitive Landscape
6.2.2 Products of Major Manufacturers
6.2.3 Advantages and Disadvantages of Major Manufacturers
6.3 Motor Controller
6.3.1 Major Manufacturers and Competitive Landscape
6.3.2 Products of Major Manufacturers
6.3.3 Advantages and Disadvantages of Major Manufacturers
7 CHINESE LOW-SPEED ELECTRIC VEHICLE MANUFACTURERS
7.1 AIMA
7.1.1 Profile
7.1.2 Production
7.1.3 Main Products
7.1.4 Production Bases
7.2 Yadea
7.2.1 Profile
7.2.2 Production Base
7.3 Byvin
7.3.1 Profile
7.3.2 Main Products
7.3.3 Main Production Bases
7.3.4 LEVDEO
7.4 Xinri
7.4.1 Profile
7.4.2 Production Base
7.4.3 Strategic Planning
7.4.4 Development during 2014-2015
7.5 Jinpeng
7.5.1 Profile
7.5.2 Main Products
7.5.3 Main Production Bases and Output & Sales
7.6 YOGOMO
7.6.1 Profile
7.6.2 Output and Sales Volume
7.6.3 Three Brands Released by YOGOMO
7.6.4 Models Launched in 2015
7.7 Shifeng Group
7.7.1 Profile
7.7.2 Operation
7.7.3 Production
7.7.4 Strategic Planning
7.8 Tokng
7.8.1 Profile
7.8.2 Main Products
7.9 Fulu Vehicle
7.9.1 Profile
7.9.2 Main Products
7.9.3 Investment and Development
7.10 DOJO
7.10.1 Profile
7.10.2 Main Products
7.10.3 Production Bases and Capacity
7.10.4 New Models Launched in 2015
7.10.5 Operation
7.11 Baoya
7.11.1 Profile
7.11.2 Main Products
7.11.3 Production Bases
7.11.4 Strategic Planning
7.12 Green Wheel EV
7.12.1 Profile
7.12.2 Production Bases
7.12.3 Developments
7.13 Lichi
7.13.1 Profile
7.13.2 Main Products
7.13.3 Operation
7.13.4 Equity Transaction
7.14 KANDI
7.14.1 Profile
7.14.2 Revenue
7.14.3 Main Business
7.14.4 Main Products
7.14.5 Vehicle-share Scheme
7.15 Xinyuzhou (Yudea Group)
7.15.1 Profile
7.15.2 Main Products
7.15.3 Production Bases
7.15.4 Main Qualifications
7.15.5 New Vehicles Launched in 2015
7.16 Apache
7.16.1 Profile
7.16.2 Main Products
SELECTED CHARTS
Main Classifications of Low-speed Electric Vehicles
Main Types of Electric Tricycles on the Market
Economic Benefits Comparison between Low-speed Electric Vehicle and Other Types of Vehicles
Main Applications of Low-speed Electric Vehicle
Policies on Low-speed Electric Vehicle in Major Regions
Elaboration on Local Policies and Laws & Regulations on Low-speed Electric Vehicle in Recent Years
Part of Regulations on Low-speed Electric Vehicle in Shandong (Trial)
Regulations on Low-speed Electric Vehicle in Some Cities in Shandong Province
Technical Indicator Provisions in Regulations on Low-speed Electric Vehicle in Xingtai (Trial)
Electric Bicycle Output in China, 2009-2015 (mln Vehicles)
Electric Bicycle Ownership in China, 2009-2015 (mln Vehicles)
Ranking of Electric Bicycle Companies, 2014 (mln Vehicles)
Electric Bicycle Output Forecasts, 2014-2018E (mln Vehicles)
Electric Tricycle Output in China, 2009-2015 (mln Vehicles)
Electric Tricycle Ownership in China, 2009-2015 (mln Vehicles)
Main Production Bases of and Sales Regions for Electric Tricycle
Competitive Landscape in Electric Tricycle Industry
Electric Tricycle Output Forecasts in China, 2014-2018E (mln Vehicles)
Low-speed Electric Vehicle Output in China, 2009-2015 (1,000 Vehicles)
Low-speed Electric Vehicle Ownership in China, 2009-2015 (1,000 Vehicles)
Low-speed Electric Vehicle Output in Shandong, 2009-2015 (1,000 Vehicles)
Share of Shandong’s Output of Low-speed Electric Vehicle in National Total, 2014 (1,000 Vehicles)
Main Operational Regions for Low-speed Electric Vehicles in China
Ranking of Major Low-speed Electric Vehicle Makers in China by Sales Volume, 2014-2015
Subsidy Policies on Battery Electric Passenger Vehicle Adopted by Central and Some Local Governments, 2015
Main Technical Indicators of Some Best-selling Minicars
Main Ways for Low-speed Electric Vehicle Manufacturers to Secure Qualification for Electric Vehicle Production
Low-speed Electric Vehicle Output Forecasts in China, 2014-2018E (1,000 Vehicles)
ATV (All-Terrain Vehicle) Output in China, 2009-2015 (1,000 Vehicles)
ATV Sales Volume in China, 2009-2015 (1,000 Vehicles)
ATV Sales Volume in China’s Main Regions, 2009-2014 (1,000 Vehicles)
Top5 Sightseeing Cart Manufacturers in China by Sales Volume, 2014
Forklift Output Breakdown in China by Market Segment, 2013-2015
Top10 Forklift Manufacturers in China by Sales Volume, 2014
ATV Output and Sales Volume Forecasts in China, 2014-2018E (1,000 Vehicles)
Share of Major Battery Suppliers in Electric Bicycle and Tricycle Markets
Share of Major Battery Suppliers in Low-speed Electric Vehicle Market
Chilwee’s Main Batteries for Low-speed Electric Vehicle
Tianneng Power’s Main Batteries for Low-speed Electric Vehicle
Sacred Sun’s Sealed Lead-acid Batteries for Electric On-road Vehicle
Capacity of Major Motor Manufacturers in Electric Bicycle and Tricycle Industries in China
Shandong Xindayang’s Main Motor Series for Electric Bicycle and Tricycle
Ananda’s Main Motors
Boyu’s Main Motors of Low-speed Electric Vehicle
Yucheng Futong Motor’s Main Motors
Capacity of Major Manufacturers of Motor Controller for Electric Bicycle in China
Capacity of Major Manufacturers of Motor Controller for Electric Vehicle in China
Deyang Electronic Technology’s Main Motor Controllers
Ananda’s Main Controllers
Wuxi Jinghui Electronics’ Main EV Controllers
Tianneng Power’s Main Motor Controllers
Shanghai Edrive’s Motor Control Systems for Low-speed Electric Vehicle
Tianjin Santroll Electric Automobile Technology’s Main Motor Controllers for Low-speed Electric Vehicle
V&T’s Main EV Controllers
AIMA’s Electric Vehicle Output, 2010-2014 (mln Vehicles)
AIMA’s Main Electric Vehicles and Performance
Main Production Bases of AIMA
Byvin’s Main Electric Vehicles
Configuration Parameters of Byvin’s Main Electric Bicycles
Main Production Bases of Byvin
Jinpeng’s Main Electric Vehicles
Low-speed Electric Vehicle Sales Volume of YOGOMO, 2011-2015
Three Brands and Market Segmentation of YOGOMO Electric Vehicle
Main Configuration Parameters of YOGOMO 330
Operating Revenue and Profits & Taxes of Shifeng Group, 2010-2015 (RMB bn)
Vehicle and Electric Vehicle Output of Shifeng Group, 2010-2015 (1,000 Vehicles)
Main Performance Parameters of Tokng’s Sunny Angel
Main Performance Parameters of Tokng’s Prince
Main Performance Parameters of Tokng’s Minivan
Main Performance Parameters of Fulu Vehicle’s Xiangle (Electric Version)
Main Performance Parameters of Fulu Vehicle’s Xinle (Electric Version)
Main Performance Parameters of Fulu Vehicle’s Xirui (GD04G)
Main Performance Parameters of New Xiangrui (FLE360-F)
Main Technical Parameters of Dojo’s Pioneer
Main Technical Parameters of Dojo’s Parkour
Main Technical Parameters of Dojo’s Dream Achiever
Main Configuration Parameters of Baoya’s Yabei Low-Speed Electric Vehicle
Main Configuration Parameters of Baoya’s Tongnian Low-Speed Electric Vehicle
Main Production Bases of Baoya Group
Auto Models of Lichi
Operating Revenue and Net Profit Margin of KANDI, 2009-2015 (USD mln)
Revenue Breakdown of KANDI by Product, 2012-2015 (USD mln)
Revenue Breakdown of KANDI by Region, 2012-2015 (USD mln)
Main Low-speed Electric Vehicles of KANDI
Main Technical Parameters of Xinyuzhou Yudea’s Electric Golf Carts
Main Technical Parameters of Xinyuzhou Yudea’s Electric Sightseeing Carts
Main Production Bases of Yudea Group
Configuration Parameters of Apache’s Main Electric Vehicles
Configuration Parameters of Apache’s Main Electric Vintage Vehicles
Configuration Parameters of Apache’s Main Electric Police Cars
Configuration Parameters of Apache’s Main Electric Sightseeing Carts
Configuration Parameters of Apache’s Main Electric Golf Carts
Main Classifications of Low-speed Electric Vehicles
Main Types of Electric Tricycles on the Market
Economic Benefits Comparison between Low-speed Electric Vehicle and Other Types of Vehicles
Main Applications of Low-speed Electric Vehicle
Policies on Low-speed Electric Vehicle in Major Regions
Elaboration on Local Policies and Laws & Regulations on Low-speed Electric Vehicle in Recent Years
Part of Regulations on Low-speed Electric Vehicle in Shandong (Trial)
Regulations on Low-speed Electric Vehicle in Some Cities in Shandong Province
Technical Indicator Provisions in Regulations on Low-speed Electric Vehicle in Xingtai (Trial)
Electric Bicycle Output in China, 2009-2015 (mln Vehicles)
Electric Bicycle Ownership in China, 2009-2015 (mln Vehicles)
Ranking of Electric Bicycle Companies, 2014 (mln Vehicles)
Electric Bicycle Output Forecasts, 2014-2018E (mln Vehicles)
Electric Tricycle Output in China, 2009-2015 (mln Vehicles)
Electric Tricycle Ownership in China, 2009-2015 (mln Vehicles)
Main Production Bases of and Sales Regions for Electric Tricycle
Competitive Landscape in Electric Tricycle Industry
Electric Tricycle Output Forecasts in China, 2014-2018E (mln Vehicles)
Low-speed Electric Vehicle Output in China, 2009-2015 (1,000 Vehicles)
Low-speed Electric Vehicle Ownership in China, 2009-2015 (1,000 Vehicles)
Low-speed Electric Vehicle Output in Shandong, 2009-2015 (1,000 Vehicles)
Share of Shandong’s Output of Low-speed Electric Vehicle in National Total, 2014 (1,000 Vehicles)
Main Operational Regions for Low-speed Electric Vehicles in China
Ranking of Major Low-speed Electric Vehicle Makers in China by Sales Volume, 2014-2015
Subsidy Policies on Battery Electric Passenger Vehicle Adopted by Central and Some Local Governments, 2015
Main Technical Indicators of Some Best-selling Minicars
Main Ways for Low-speed Electric Vehicle Manufacturers to Secure Qualification for Electric Vehicle Production
Low-speed Electric Vehicle Output Forecasts in China, 2014-2018E (1,000 Vehicles)
ATV (All-Terrain Vehicle) Output in China, 2009-2015 (1,000 Vehicles)
ATV Sales Volume in China, 2009-2015 (1,000 Vehicles)
ATV Sales Volume in China’s Main Regions, 2009-2014 (1,000 Vehicles)
Top5 Sightseeing Cart Manufacturers in China by Sales Volume, 2014
Forklift Output Breakdown in China by Market Segment, 2013-2015
Top10 Forklift Manufacturers in China by Sales Volume, 2014
ATV Output and Sales Volume Forecasts in China, 2014-2018E (1,000 Vehicles)
Share of Major Battery Suppliers in Electric Bicycle and Tricycle Markets
Share of Major Battery Suppliers in Low-speed Electric Vehicle Market
Chilwee’s Main Batteries for Low-speed Electric Vehicle
Tianneng Power’s Main Batteries for Low-speed Electric Vehicle
Sacred Sun’s Sealed Lead-acid Batteries for Electric On-road Vehicle
Capacity of Major Motor Manufacturers in Electric Bicycle and Tricycle Industries in China
Shandong Xindayang’s Main Motor Series for Electric Bicycle and Tricycle
Ananda’s Main Motors
Boyu’s Main Motors of Low-speed Electric Vehicle
Yucheng Futong Motor’s Main Motors
Capacity of Major Manufacturers of Motor Controller for Electric Bicycle in China
Capacity of Major Manufacturers of Motor Controller for Electric Vehicle in China
Deyang Electronic Technology’s Main Motor Controllers
Ananda’s Main Controllers
Wuxi Jinghui Electronics’ Main EV Controllers
Tianneng Power’s Main Motor Controllers
Shanghai Edrive’s Motor Control Systems for Low-speed Electric Vehicle
Tianjin Santroll Electric Automobile Technology’s Main Motor Controllers for Low-speed Electric Vehicle
V&T’s Main EV Controllers
AIMA’s Electric Vehicle Output, 2010-2014 (mln Vehicles)
AIMA’s Main Electric Vehicles and Performance
Main Production Bases of AIMA
Byvin’s Main Electric Vehicles
Configuration Parameters of Byvin’s Main Electric Bicycles
Main Production Bases of Byvin
Jinpeng’s Main Electric Vehicles
Low-speed Electric Vehicle Sales Volume of YOGOMO, 2011-2015
Three Brands and Market Segmentation of YOGOMO Electric Vehicle
Main Configuration Parameters of YOGOMO 330
Operating Revenue and Profits & Taxes of Shifeng Group, 2010-2015 (RMB bn)
Vehicle and Electric Vehicle Output of Shifeng Group, 2010-2015 (1,000 Vehicles)
Main Performance Parameters of Tokng’s Sunny Angel
Main Performance Parameters of Tokng’s Prince
Main Performance Parameters of Tokng’s Minivan
Main Performance Parameters of Fulu Vehicle’s Xiangle (Electric Version)
Main Performance Parameters of Fulu Vehicle’s Xinle (Electric Version)
Main Performance Parameters of Fulu Vehicle’s Xirui (GD04G)
Main Performance Parameters of New Xiangrui (FLE360-F)
Main Technical Parameters of Dojo’s Pioneer
Main Technical Parameters of Dojo’s Parkour
Main Technical Parameters of Dojo’s Dream Achiever
Main Configuration Parameters of Baoya’s Yabei Low-Speed Electric Vehicle
Main Configuration Parameters of Baoya’s Tongnian Low-Speed Electric Vehicle
Main Production Bases of Baoya Group
Auto Models of Lichi
Operating Revenue and Net Profit Margin of KANDI, 2009-2015 (USD mln)
Revenue Breakdown of KANDI by Product, 2012-2015 (USD mln)
Revenue Breakdown of KANDI by Region, 2012-2015 (USD mln)
Main Low-speed Electric Vehicles of KANDI
Main Technical Parameters of Xinyuzhou Yudea’s Electric Golf Carts
Main Technical Parameters of Xinyuzhou Yudea’s Electric Sightseeing Carts
Main Production Bases of Yudea Group
Configuration Parameters of Apache’s Main Electric Vehicles
Configuration Parameters of Apache’s Main Electric Vintage Vehicles
Configuration Parameters of Apache’s Main Electric Police Cars
Configuration Parameters of Apache’s Main Electric Sightseeing Carts
Configuration Parameters of Apache’s Main Electric Golf Carts
