E-Bike Markets Maturing in China and US
To face the challenge of the price competition, Chinese e-bike companies started to focus more on product variation by launching new models. In the US market a lot of EU brands started to look for opportunities.
According to China Bicycle Association, till the end of 2013, China has 181 million e-bikes running on the road. In 2013, e-bike sales reached 36.95 million units, a 5.4% increase compared with the previous year.Read full story here.by