Boosted by multiple growth drivers — including policy dividends, expansion in the instant retail sector, and product upgrades — the electric bike industry has experienced rapid growth. In 2025, the full rollout of the New National Standard and the broader implementation of the trade-in scheme, have directly stimulated consumption of new vehicles that comply with the latest safety and technical standards. The growth of on-demand delivery services has directly increased demand for electric delivery bicycles. As electric bikes evolve toward greater intelligence and are positioned as “tech lifestyle toys”, the consumer base continues to expand. In addition, China has also experienced a cycling boom, with the number of bicycle users now exceeding 130 million. As an intelligent upgrade to traditional bicycles, electric bikes have led a new cycling trend and provided long-term consumption support for complete vehicles and related battery markets. Industry data shows that China’s full-year production of electric bikes reached 54.9 million units in 2025, representing a year-on-year increase of 29% and total electric bike ownership reached around 380 million units by the end of 2025.

The Group’s battery products are mainly used in electric bikes, electric tricycles and special-purpose electric vehicles. Thanks to its strong technological capabilities and superior product quality, as well as its established market channels and strong brand reputation, the Group has been able to maintain its leading position in the lead-acid motive batteries 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.