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China Low-speed Electric Vehicle Industry Report, 2018-2022

Publisher Name :
Date: 20-Mar-2018
No. of pages: 163

Benefitted from the economic growth in urban-rural fringe zones and rural areas as well as the growing mobility demand, the low-speed electric vehicle sales have been on a steady rise over the past years, up 41.6% from 1.232 million units in 2016 to 1.744 million units in 2017. However, the LSEV industry will still face relatively great policy risk, especially Standardization Administration of the PRC will formulate more stringent LSEV standard, which will be formally issued before 2019. In addition, State Council has defined the work idea of “upgrading a batch, standardizing a batch and eliminating a batch” (“three batches”: upgrading qualified low speed electric vehicle manufacturers to conventional battery electric passenger vehicle companies; standardizing technical standards, market entry, regulatory system and administration for low speed electric vehicles; eliminating unqualified companies and their products), so the industry reshuffle is inevitable. Also, it will be squeezed by mini electric vehicle makers with production licenses, but of which its competitiveness is slightly down along with sliding national and local subsidy. Therefore, the LSEV market size will see a slowdown in growth rate and the output of LSEVs will be about 3.37 million units in China in 2022. Once the standard took into force, the data would shrink to 700-800 thousand units quickly.

Regarding competition pattern, BYVIN, YOGOMO, and Shifeng Group are the top3 players in the LSEV market. BYVIN, as a market bellwether, is the first enterprise with annual output of more than 202,000 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 120,000 units annually; Shifeng Group, majored in agricultural three wheeler, also sets foot in LSEV field with capacity of 200,000 units, and ranks third with sales volume of 110,000 units in 2017.

Along with being gradually clear of LSEV industry standard and policies, some companies, such as GreenWheel, Henan SD, YOGOMO and Lichi jumped out of LSEV field and entered micro high-speed electric vehicle industry and have obtained the license for the production of battery electric sedans or special vehicles. Meanwhile, there are also some makers slowing down the investment for LSEV, like YOGOMO’s 150,000 unit/a LSEV projects in Wuxi and Baoya’s 500,000 unit/a NEV base in Xiangyang city do not realize operation as planned.

China Low-speed Electric Vehicle (LSEV) Industry Report, 2018-2022 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, motor controller, and BMS) (competitive landscape, manufacturers, etc.);

  • 17 major manufacturers (Yadea, AIMA, SUNRA, BYVIN, Jinpeng, Dojo, YOGOMO, BYVIN, Shifeng Group, Tokng, Fulu Vehicle, LEVDEO, KNDI, Lichi, Rainchst, DURABLEV and Baoya) (profile, financial position, leading products, R&D, distribution of production bases, technical features, etc.)

China Low-speed Electric Vehicle Industry Report, 2018-2022

Table of Contents

1. Overview of LSEV Industry
1.1 Definition and Classification of LSEV
1.2 Industry Characteristics
1.2.1 Intense Competition
1.2.2 Geographical Concentration

2. Development of Two-wheeled Electric Vehicle Industry
2.1 Standard of Two-wheeled Electric Vehicle
2.2 Policies
2.3 Market Size
2.4 Regional Pattern
2.5 Competitive Landscape
2.6 Industry Forecast

3. Development of Three-wheeled Electric Vehicle Industry
3.1 Standard of Three-wheeled Electric Vehicle
3.2 Market Size
3.3 Development in Major Regions
3.4 Competitive Landscape
3.5 Industry Forecast

4. Development of LSEV Industry
4.1 Policies on Four-wheeled Electric Vehicle
4.1.1 National Policies and Standards
4.1.2 Local Policies
4.2 Market Size
4.3 Development in Major Regions
4.3.1 Shandong
4.3.2 Hebei
4.4 Competitive Landscape
4.5 Mini Electric Vehicle
4.6 Industry Forecast

5. Development of All-Terrain Vehicle Industry
5.1 Market Size
5.2 Regional Development
5.3 Competitive Landscape
5.4 Industry Forecast

6. Main Parts Market
6.1 Battery
6.1.1 Status Quo and Trends of LSEV Battery
6.1.2 Major Manufacturers and Competitive Landscape
6.1.3 Products of Major Manufacturers
6.1.4 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
6.4 BMS
6.4.1 Technical Analysis
6.4.2 Market Analysis

7. Chinese LSEV Manufacturers
7.1 AIMA
7.1.1 Profile
7.1.2 Production
7.1.3 Major Products
7.1.4 Production Bases
7.1.5 Sales Network
7.1.6 Guigang-Aima Electric Vehicle Electric Vehicle Project
7.1.7 Aima Received IPO Tutoring
7.2 Yadea
7.2.1 Profile
7.2.2 Operation
7.2.3 Revenue Structure
7.2.4 Marketing Network
7.2.5 Production Bases
7.2.6 Plans for Capacity Expansion
7.3 BYVIN
7.3.1 Profile
7.3.2 Electric Bicycle
7.3.3 Electric Tricycle
7.3.4 LSEV
7.3.5 Main Production Bases
7.3.6 Plans for EV Capacity Expansion
7.3.7 Smart Electric SUV BYVIN V7
7.4 SUNRA
7.4.1 Profile
7.4.2 Operation
7.4.3 Revenue Structure
7.4.4 Production and Marketing
7.4.5 Two-wheeled Electric Vehicle
7.4.6 Electric Tricycle
7.4.7 Electric All-terrain Vehicle
7.4.8 Marketing Network
7.4.9 Production Bases
7.4.10 Investment Projects by IPO
7.5 Jinpeng
7.5.1 Profile
7.5.2 Major Products
7.5.3 Main Production Bases, and Production and Sales
7.5.4 Full-series Lithium Battery Product Launched
7.6 YOGOMO
7.6.1 Profile
7.6.2 Output and Sales Volume
7.6.3 Independent Operation of YOGOMO Brand
7.6.4 Major Products
7.6.5 YOGOMO’s Main Production Bases
7.6.6 Great Wall Motor Invest Hebei Yujie
7.6.7 Hebei Yujie Obtained New Energy Sedan Production Qualification
7.7 Shifeng Group
7.7.1 Profile
7.7.2 Operation
7.7.3 Production
7.7.4 Shifeng Central Research Institute
7.7.5 Strategic Planning
7.8 Tokng
7.8.1 Profile
7.8.2 Major Products
7.8.3 Strategic Cooperation between Shandong Tangjun Ouling Automobile Manufacture and Camel Group
7.9 Fulu Vehicle
7.9.1 Profile
7.9.2 Major Products
7.9.3 Fulu Vehicle Invested RMB 160 mln to Establish Test Center
7.9.4 Strategic Adjustment
7.10 Dojo
7.10.1 Profile
7.10.2 Major Products
7.10.3 Production Bases and Capacity
7.10.4 Dojo’s Gaoyou Base Was Officially Put into Operation
7.11 Baoya
7.11.1 Profile
7.11.2 Major Products
7.11.3 Production Bases
7.11.4 Marketing Network
7.11.5 Xiangyang Project Goes into Production
7.12 LEVDEO
7.12.1 Profile
7.12.2 Major Products
7.12.3 Production Base
7.12.4 Important Technology
7.13 Lichi
7.13.1 Profile
7.13.2 Revenue
7.13.3 Major Products
7.13.4 Obtains the Qualification for New Energy Special-purpose Vehicle Production
7.14 Rainchst
7.14.1 Profile
7.14.2 Major Products
7.14.3 Production Bases
7.14.4 New Ruiyi EVs for 2018 Launched
7.15 Hebei Yudea New Energy Technology Group Co., Ltd.
7.15.1 Profile
7.15.2 Major Products
7.15.3 Production Base
7.15.4 Main Qualifications
7.15.5 Yudea’s 200,000 NEVs/a Project Makes Its Home in Neijiang, Sichuan
7.16 DURABLEV
7.16.1 Profile
7.16.2 Major Products
7.17 Han Tang Electric Vehicle
7.17.1 Profile
7.17.2 Major Products

8. LSEV BMS Manufacturers
8.1 Shenzhen Tian-Power Technology Co., Ltd.
8.1.1 Profile
8.1.2 Major Products
8.2 Addenda Technology (Guangzhou) Co., Ltd.
8.2.1 Profile
8.2.2 Major Products
8.3 Shenzhen Guoxin Power Technology Co., Ltd.
8.3.1 Profile
8.3.2 Major Products
8.3.3 Partners
8.4 Jiangxi Keran Technology Co., Ltd.
8.4.1 Profile
8.4.2 Major Products
8.5 Hangzhou Gold Electronic Equipment INC., Ltd.
8.5.1 Profile
8.5.2 Major Products
8.6 Changsha Juli Electric Technology Co., Ltd.
8.6.1 Profile
8.6.2 Major Products
8.7 Xi’an Jindee Electrical Technology Co., Ltd.
8.7.1 Profile
8.7.2 Major Products

List of Charts

Main Types of Tricycles on the Market
Output of Electric Bicycles in China, 2009-2017
Ownership of Electric Bicycles in China (million units), 2009-2017
Forecast of Electric Bicycle Output in China (million units), 2015-2022E
China’s Electric Tricycle Output, 2009-2017
China’s Electric Tricycle Output and Sales Volume by Market Segment, 2017
China’s Electric Tricycle Ownership, 2009-2017
Major Electric Tricycle Production Bases and Sales Regions in China
China’s Electric Tricycle Output, 2015-2022E
Local Policies on LSEV in Major Regions
China’s Low-speed Electric Vehicle Output, 2010-2017
China’s Low-speed Electric Vehicle Ownership, 2010-2017
Shandong’s Low-speed Electric Vehicle Output, 2010-2017
National Share of Shandong’s Low-speed Electric Vehicle Output, 2017
Shandong’s Monthly Low-speed Electric Vehicle Output, 2016-2017
Low Speed Electric Vehicle Sales Distribution in China, 2016
Output of Low Speed Electric Vehicles in China 2015-2022E
ATV (All-Terrain Vehicle) Output in China, 2009-2017
ATV Sales Volume in China, 2009-2017
ATV Sales Volume in China’s Main Regions, 2009-2017
ATV Vehicle Output and Sales Volume Forecasts in China, 2015-2022E
Performance Comparison of EV Batteries
Major Battery Supplier’s Share in Two-wheeled and Three-wheeled Electric Vehicle Market, 2017
Major Battery Suppliers’ Share in Low-speed Electric Vehicle Market, 2017
AIMA’s Electric Vehicle Output, 2010-2017
Main Production Bases of AIMA
Capacity of AIMA’s Main Production Bases and Investment
EV Distribution Network of AIMA
Revenue and Net Income of Yadea, 2013-2017
Distribution of Yadea’s Distributors Nationwide by end of 2016
Xinri’s Revenue and Net Income, 2014-2017
Distribution of Xinri’s Dealers, end of 2016
YOGOMO’s Sales Volume of LSEV, 2011-2017
Three Electric Vehicle Brands and Market Segmentation of YOGOMO
Operating Revenue and Profits & Taxes of Shifeng Group, 2010-2017
Vehicle and Electric Vehicle Output of Shifeng Group, 2010-2017
Baoya’s Main Electric Vehicle Models
Baoya’s International Marketing Network
Baoya’s Domestic Marketing Network
LEVDEO i-Life Battery management System Technology
LEVDEO i-Control Motor Control Technology
Revenue and Net Income of Lichi, 2014-2017
Mini (Low Speed) Electric Car Sales Volume of Lichi, 2014-2017
Lithium Battery-powered Electric Vehicles of DURABLEV
List of Tian-Power’s BMS Products
List of Addenda’s Integrated Series of BMS
List of List of Addenda’s Distributed Series of BMS
Guoxin Power’s Integrated BMS Series
Guoxin Power’s Distributed BMS Series
Guoxin Power’s Major Partners
BMS AIO Legend of Gold Electronic
BMS Products of Changsha Juli Electric Technology
Changsha Juli Electric Technology’s BMS Products for Low-speed EVs
Battery Monitoring Modules and Systems of Xi’an Jindee Electrical Technology
Main Classifications of LSEVs
Economic Benefits Comparison between LSEV and Other Types of Vehicles
Main Applications of LSEV
Technical Standards of Electric Bicycle (1999 Version, 2015 Amendment, and 2018 Draft)
Policies on Electric Bicycle in China in Recent Years
Electric Bicycle Forbidding Policies Promulgated by Some Cities in China
Production of Electric Bicycles by Region in China, 2017
Ranking of Electric Bicycle Manufacturers by Output in China, 2017
Key Reference Indicators in Technical Requirements on Electric Tricycle for Express Delivery
China’s Electric Tricycle Competition Pattern, 2017
Partial Contents of Three Meetings of Work Team for Low Speed Electric Vehicle Standard Formulation, 2016
Interpretation of Local Policies and Regulations on LSEV in Recent Years
Regulations on LSEV in Shandong (Trial) (Part)
Regulations on LSEV in Some Cities in Shandong
Provisions on Relevant Technical Indicators in Regulations on LSEV in XingtaiCity (Trial)
Ranking of Chinese Low Speed Electric Vehicle Manufacturers by Sales Volume, 2015-2017
Changes in Requirements on Subsidies for New Energy Passenger Vehicle, 2017 & 2018
Subsidies for New Energy Passenger Vehicle, 2017 vs 2018
Main Technical Indicators of Some Best-selling Minicars
Main Approaches of Low Speed Electric Vehicle Manufacturers to Obtain Electric Vehicle Production Qualification
Ranking of Sightseeing Vehicle Manufacturers in China by Sales Volume, 2017
Sales Volume of Forklift in China by Market Segment, 2015-2017
Comparison of Typical Lead-acid and Lithium Battery Vehicles
Chaowei Power’s Main Batteries for LSEV
Tianneng Power’s Main Batteries for LSEV
Sacred Sun’s Sealed Lead-acid Batteries for Electric On-road Vehicle
Comparison of Chaowei Power and Tianneng Power
Capacity of Major Motor Manufacturers in Two-wheeled and Three-wheeled Electric Vehicle Industries in China
Shandong Xindayang’s Main Motors for Two-wheeled and Three-wheeled Electric Vehicles
Ananda’s Main Motors
Boyu’s Main Motors of LSEV
YuchengFutong 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 LSEV
Tianjin Santroll Electric Automobile Technology’s Main Motor Controllers for LSEV
V&T’s Main EV Controllers
Performance Parameters of MINE and Snow Leopard, AIMA’s Two Main Brands
AIMA’s Main Electric Vehicles and Their Performance
Yadea’s Revenue from Major Products, 2013-2017
Yadea’s Sales of Major Products, 2013-2017
Profile of Yadea’s Wuxi Headquarters
Profile of Yadea’s Zhejiang Base
Profile of Yadea’s Tianjin Base
Profile of Yadea’s Guangdong Base
Yadea’s Plans for Capacity Expansion
BYVIN’s Main Two-Wheeled Electric Vehicles
Configuration Parameters of BYVIN’s Main Electric Bicycles
BYVIN’s Main Three-wheeled Electric Vehicles
Main Parameters of BYVIN Spring Breeze Electric Tricycles
Main Parameters of BYVIN M8 Electric Vehicle
Main Parameters of BYVIN M7 Electric Vehicle
Main Parameters of BYVIN M6 Electric Vehicle
Major New Energy Power Technologies of BYVIN
Main Two-wheeled Electric Vehicle Products Bases of BYVIN
BYVIN’s Electric Vehicle Production Bases and Capacity Expansion Plans
Key Performance Indicators of BYVIN V7
Xinri’s Revenue by Product, 2014-2016
Xinri’s Revenue by Region, 2014-2016
Xinri’s Electric Bicycle Capacity, Output and Sales Volume, 2014-2016
SUNRA’s Major Two-wheeled Electric Vehicles
SUNRA’s Major Three-wheeled Electric Vehicles
SUNRA’s Major AVTs
Basic Information of Tianjin Xinri
Basic Information of Hubei Xinri
Basic Information of Guangdong Xinri
Xinri’s Investment Projects by IPO
Jinpeng’s Main Electric Vehicles
Capacity of Some Production Bases of Jinpeng
Main Configuration Parameters of YOGOMO 330
Main Configuration Parameters of YOGOMO Q Electric Vehicle
Main Configuration Parameters of YOGOMO A260 Electric Vehicle
Main Configuration Parameters of YOGOMO S325 Electric Vehicle
Main Configuration Parameters of YOGOMO X260 Electric Vehicle
Main Configuration Parameters of YOGOMO X6320 Cargo Van
Main Configuration Parameters of YOGOMO M6320
YOGOMO’s Main Production Bases and Products
Capacity and Products of YOGOMO's Main Production Bases
Main Performance Parameters of Tangjun Ouling T1 Electric Vehicle
Main Performance Parameters of Tangjun Ouling A6 Electric Vehicle
Main Performance Parameters of Tianshi Cheshen Electric Vehicle
Main Performance Parameters of FuluLetu
Main Performance Parameters of FuluLechi
Main Performance Parameters of FuluMeike
Main Performance Parameters of Fulu New Xiangrui (FLE360-F)
Main Technical Parameters of Dojo Pilot
Main Technical Parameters of Dojo CooYes
Main Technical Parameters of Dojo Dream Achiever
Main Production Bases of Dojo
Main Configuration Parameters of Baoya EQ3
Main Configuration Parameters of Baoya EQ1
Main Configuration Parameters of Baoya 2017 Yabei LSEV
Main Production Bases of Baoya Group
Configuration Parameters of D80 Low-speed Vehicle
Main Configuration Parameters of D50 LSEV
Main Configuration Parameters of D70 LSEV
Configuration Parameters of LEVDEO Little Prince LSEV
Configuration Parameters of LEVDEO S50 LSEV
Parameter Comparison of Lichi’s Main Electric Vehicles
Main Parameters of Rainchst A00 EV
Main Parameters of Rainchst A0 EV
Main Parameters of Rainchst A EV
Main Parameters of Rainchst MMPV EV
Main Parameters of Rainchst Electric Mini-trucks
Main Parameters of Rainchst Electric Sports Cars
Main Parameters of Rainchst Electric Sightseeing Vehicle
Main Technologies Adopted in Rainchst’s Production Bases
Main Technical Parameters of Xinyuzhou Yudea’s Electric Police Cars
Main Technical Parameters of XinyuzhouYudea’s Electric Sightseeing Carts
Main Parameters of Yudea T80
Main Parameters of Yudea T60
Main Parameters of Yudea T70
Main Production Bases of Yudea Group
History of Weifang Han Tang New Energy Vehicle Technology
Major Performance Parameters of Han Tang A1
Major Performance Parameters of Han Tang A3
Major Performance Parameters of Han Tang A6
Major Performance Parameters of Han Tang Q3
R&D Teams of Shenzhen Tian-Power Technology
Main Technical Parameters of Tian-Power’s LSEV BMS Products
Specifications for Reference of Product Tests
BMS Products of Gold Electronic
Technical Parameters of Gold Electronic’s BMS AIO

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