Hot selling electric cargo trike

Hot selling electric cargo trike

 Electric Tricycle Car is a transportation vehicle with three wheels that uses a battery as the energy source and an electric motor as the power source to carry goods, people, or other special purposes. Electric Cargo Tricycles can be divided into Cargo Electric Tricycles, Manned Electric Tricycles, and special vehicles according to their purpose. The development of China's electric vehicle industry has gone through three stages. Firstly, the initial development period was from 2001 to 2005, when many enterprises began to enter the market and there were many problems in the industry's development; In 2006, as the industry entered a period of rapid development, the competitive landscape within the industry began to become clear, and the industrial chain continued to improve; In 2017, as we entered a period of adjustment, the strict implementation of environmental protection policies eliminated some non compliant enterprises, and the competitive landscape in the industry became more prominent. For the general urban and rural residents, especially the middle-aged and elderly, electric tricycles are noise free, pollution-free, safe and energy-saving, and can carry both people and goods. Therefore, they have been favored by this group of people. Since 2017, the size of China's Electric Tricycle market has shown a continuous growth trend. In 2022, the size of China's electric tricycle market reached nearly 40 billion yuan, with a year-on-year growth rate of 8.2%. In recent years, the supply and demand of China's electric tricycle market have been basically balanced. Data shows that from 2017 to 2022, the production of electric tricycles in China increased from 10.34 million to 14.04 million, with a CAGR of 6.31%; The demand for electric tricycles in China has increased from 10.302 million to 13.95 million, with a CAGR of 6.25%. The electric tricycle industry started relatively late and competition is not fierce. However, compared with previous years, in recent years, due to the rapid development of the industry, the number of enterprises has also grown rapidly.

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