BEIJING, July 2 (Xinhua) -- China's electric bike sharing industry is expected to see annual business revenues reach 20 billion yuan by 2025, the Xinhua-run cnstock.com said on Wednesday by citing a report from the market researcher iiMedia Research.
According to the report, the number of shared electric bikes in China exceeded 1 million in 2019. In the coming five years, as major platforms accelerate the distribution of shared electric bikes, the demands will be further stimulated, especially in the third and fourth-tier cities. The number of shared electric bikes is likely to reach 8 million by 2025.
At present, operators of shared electric bikes are striving to improve the industry safety management system in terms of hardware technology, battery safety, station construction and operation, as well as users' safety.
Qingju under China's ride-hailing giant Didi Chuxing, Meituan and Hello Global rank the top three among electric bike-sharing platforms in comprehensive strength.
Based on the report, shared electric bikes operated by the mainstream electric bike-sharing platforms have been generally qualified under the new national standards and China Compulsory Certification (CCC). (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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