China's Electric Bicycle market share soared: foreigners are afraid!

Nowadays, all countries are actively promoting energy. In addition to electric vehicles, Electric Bicycles are also welcomed by everyone. In this area, China is a well-deserved king. The production of electric bicycles is not only diverse but also of good quality and price.

According to a report from Reuters, Europe has been battered by Chinese City E Bikes, which have been madly sold in European countries at prices that are super-awesome, leading many local companies to basically have no business to do.

The European Electric Bike Manufacturers Association (EBMA) stated that cheap Electric Bicycles produced in China have flooded the EU market at a price lower than the production cost, which has caused damage to the interests of local manufacturers.

According to EBMA, China exported more than 430,000 Electric Bicycles to the European Union in 2016, which is a 40% increase from 2015 and is expected to increase to 800,000 this year. At present, Europeans purchase about 2 million E Bike each year. As this product becomes more diverse, this market continues to expand.