Industry Overview:
The electric two-wheeler market in China, valued at USD 0.68 billion in 2023, is anticipated to experience a robust 7.7% CAGR, projecting a fleet size of 2.2 billion units by 2030. This growth is fueled by surging demand for electric scooters, supportive governmental regulations, a plethora of local players, and substantial investments in battery technology. E-scooters and e-bikes are pivotal contributors to the market, witnessing heightened demand due to increased urbanization and rising disposable income.

Market Segmentation

Insight by Product
Categorically, the market encompasses e-scooters, e-bikes, e-motorcycles, and other products. E-scooters dominate the market in both revenue and fleet size, offering electrically powered, motorized vehicles with a distinctive floorboard design. The increasing popularity of e-scooters, boasting speeds exceeding 25 km/hr, primarily stems from their affordability, low maintenance costs, and suitability for daily commuting.

Insight by Battery Type
Battery types include sealed lead acid, Li-ion, and NiMH. Sealed lead acid batteries are prevalent in Chinese electric two-wheelers due to their affordability and high-power output, making them the preferred choice in this segment.

Insight by Battery Technology
In terms of battery technology, removable and non-removable batteries are considered. Non-removable batteries are more commonly used due to their convenience for direct charging without the need for removal, streamlining the charging process.

Insight by Voltage
The market is segmented by voltage into 24V, 36V, 48V, 60V, and 72V. Notably, 48V electric two-wheelers hold the largest market share, followed by 36V models. The 48V configuration is popular among e-scooters, delivering optimal power for enhanced performance in congested urban areas.

Global China Electric Two-Wheeler Market Report Coverage
Report Metric
Historical Period: 2018 - 2023
Base Year Considered: 2024
Forecast Period: 2025 - 2030
Market Size in 2023: USD 0.68 Billion Units
Revenue Forecast in 2030: USD 2.2 Billion Units
Growth Rate: 7.7%
Segments Covered in the Report: Product, Battery Type, Battery Technology, Voltage

Industry Dynamics

Market Drivers
The growth of the Chinese electric two-wheeler market is propelled by rising demand for electric scooters, favorable government regulations, a plethora of local players, and substantial investments in battery technology development. Government initiatives to replace conventional fuel-operated vehicles further stimulate market growth.

Major Challenges
Uncertain legislation for electric two-wheelers poses challenges, leading to market uncertainty. The lack of regulations in various Chinese cities has resulted in debates over potential bans or restrictions on non-licensed electric vehicles, creating uncertainty and affecting market dynamics.

Competitive Insight
Market players in China are strategically investing in the development of cost-effective electric two-wheelers with improved performance. In a notable move, Yadea Group Holdings launched the Z3S, a new electric two-wheeled vehicle model, incorporating numerous smart technologies for enhanced user experience. Key players in the market include Jiangsu Kingbon Vehicle Co., Ltd, AIMA Technology Group Co. Ltd, Zhejiang Luyuan Electric Vehicle Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd. (SUNRA), and Yadea Technology Group.
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