The PRC is the world’s largest producer, consumer and exporter of electric bikes. The China Cycling Association expected the ownership of electric bikes in the PRC to reach 400 million units by the end of 2024. And, iResearch data predicted that the annual sales volume of two-wheeled electric vehicles in the PRC is likely to exceed 70 million units in 2024. At the same time, as the number of cycling enthusiasts continues to grow, this trend has brought changes to the consumption end of the electric bike industry, leading to a “consumption boom”. And with the gradual implementation of the “New National Standards” in provinces and cities across the PRC, coupled with the release of the “Implementation Plan for the Promotion of Electric Bicycles Trade-in”, the demand for electric bicycle replacements has been consistently stimulated.

The Group’s battery products are mainly used in electric bikes, electric tricycles and special-purpose electric vehicles. Affording strong technological capability and superior product quality, coupled with well-established market channels and long-standing brand effect, the Group has maintained leadership in the battery industry. In addition to its main product lead-acid batteries, the Group also produces and sells lithium-ion batteries and other related products. All its products are manufactured and sold under the “CHILWEE” brand and trademark.

The key components of a lead-acid motive battery include electrode plates and fiber glass dividing plates. The number and the size of electrode plates required to be installed in a lead-acid motive battery will depend on the required level of its storage capacity and power output. The electrode plates are coated with oxidized lead and alloy lead. Pairs of positively charged electrode plates and negatively charged electrode plates each separated by a fiber glass dividing plate are bound together by metal strips and installed into the plastic casing of a lead-acid motive battery. The battery is then filled with sulphuric acid and charged with electricity.

For more details of the Group’s battery products, please click here.