How is the second-hand market for ebikes?

Electric bicycles, as one of the representatives of new energy vehicles, have enormous market potential. As far as I understand, in recent years, with the increasing awareness of environmental protection and the continuous advancement of new energy technology, electric bicycles have become the first choice for more and more people’s travel. The second-hand market, as a branch of this large market, also shows vibrant vitality.

According to industry data, the global sales of electric bicycles are expected to reach 50 million units in 2023, with a year-on-year increase of about 15%. In China, the sales volume of electric bicycles last year exceeded 40 million units, accounting for the majority of the global market. This not only indicates the huge demand of the market but also reflects the acceptance and preference of consumers for new energy vehicles.

In terms of the second-hand market, with the continuous influx of new vehicles, the transaction volume of second-hand electric bicycles is also increasing year by year. According to our market research, the average transaction price of second-hand electric bicycles is about 30% lower than that of new vehicles, which undoubtedly provides a more economical choice for consumers with limited budgets. At the same time, with the continuous advancement of battery technology, the endurance and performance of second-hand electric bicycles are also gradually improving, which further enhances their competitiveness in the second-hand market.

However, we must also see that the development of the second-hand market is still facing some challenges. For example, issues such as battery recycling and reuse, and the quality and safety issues of second-hand vehicles. As a member of the industry, we have the responsibility and confidence to solve these problems through technological innovation and the establishment of industry standards, to promote the healthy development of the industry.

Looking forward to the future, I believe that with the continuous integration of intelligent technology, electric bicycles will become more intelligent and more convenient. The second-hand market will also play an increasingly important role in this process. Let us look forward to this market bringing convenience and happiness to more people, just like the swallows that “fly into ordinary people’s homes.”

Thank you, everyone!