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From January to September of 2020, China produced 22.853 million electric bicycles, with a year-on-year growth of 30.3%

pxid 2020-11-10 157 times

From January to September 2020, among the major bicycle manufacturing products in China, the completed output of electric bicycles reached 22.853 million, up by 30.3 percent year-on-year. In September, 3.999 million electric bikes were produced, up 51.5 percent year-on-year.

On November 5, the Raw Material Industry Department of the Ministry of Industry and Information Technology announced the operation status of the bicycle industry from January to September 2020. Data shows that from January to September of 2020, among the major products of bicycle manufacturing industry in China, the completed output of two-wheeled bicycles reached 32.202 million, with a year-on-year growth of 14.2%. The completed output of electric bicycles reached 22.853 million units, up 30.3 percent year-on-year.

From January to September of 2020, China produced 22.853 million electric bicycles, with a year-on-year growth of 30.3%

In September, 4.551 million two-wheeled bicycles were produced nationwide, up 43.3 percent year on year. The completed output of electric bicycles reached 3.999 million units, up 51.5% year on year.

In terms of benefits, from January to September 2020, the operating income of bicycle manufacturers above the national scale reached 126.05 billion yuan, with a year-on-year growth of 15.7%, and the total profit reached 5.13 billion yuan, with a year-on-year growth of 22.0%. Among them, the operating income of two-wheeled bicycle manufacturing industry is 40.98 billion yuan, with a year-on-year growth of 7.2%, and the total profit is 1.57 billion yuan, with a year-on-year growth of 10.9%. The operating revenue of electric bicycles reached 67.76 billion yuan, up 26.6% year-on-year, and the total profit reached 2.63 billion yuan, up 30.4% year-on-year.

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