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The rise of smart battery swapping cabinets and electric bicycles: a 100 billion blue ocean market under new infrastructure

With the steady progress of "new infrastructure", new energy is occupying an increasingly important position in the energy consumption market with its unique advantages.

Liu Yunjie: The concept of "new infrastructure" was first mentioned at the Central Economic Work Conference in December 2018, which clarified the positioning of accelerating the pace of 5G commercialization and strengthening the construction of new infrastructure such as artificial intelligence, industrial Internet, and the Internet of Things.

First, the booming electric bicycle market

With its convenient, environmentally friendly and economical characteristics, electric bicycles have been widely popularized and applied in the Chinese market. According to data from the China Automatic Vehicle Association, the number of electric bicycles in China reached an astonishing 300 million in 2019, and the annual sales volume exceeded 30 million. This huge market base provides a solid foundation for the development of electric bicycle-related industries.

Source: Qianzhan Industry Research Institute

Second, the two-wheeled electric vehicle market continues to grow

According to data from consulting firm Frost & Sullivan, from 2019 to 2023, the compound annual growth rate of China's two-wheeled electric vehicle market will increase to 7.22%, and the market size will reach 108.99 billion yuan. This data fully demonstrates the strong growth momentum of the two-wheeled electric vehicle market, and also indicates the broad development space of electric bicycles and related industries in the future.

3. The rise and significance of intelligent battery swapping cabinets

While the electric bicycle market is booming, smart battery swapping cabinets, as an emerging charging and swapping service method, have gradually entered people's field of vision. By providing convenient battery swapping services for electric bicycle users, the intelligent battery swapping cabinet solves the problem of electric vehicle range anxiety and improves the user's travel efficiency and experience. At the same time, the promotion and application of smart battery swapping cabinets will also help promote the green travel and energy conservation and emission reduction of electric bicycles, and contribute to the sustainable development of the city.

The rise of battery swapping business is inseparable from the continuous growth of the electric bicycle market and users' pursuit of convenient travel methods. At the same time, with the continuous progress of technology and the continuous reduction of costs, the operating costs of battery swapping cabinets are gradually reduced, making this service more economical and feasible. In addition, the government's support policies for new energy vehicles and green travel also provide a strong guarantee and promotion for the development of battery swap business.

With the gradual advancement of the "new infrastructure" strategy and the continuous development and growth of the new energy market, electric bicycles and intelligent battery swapping cabinets are becoming an important force in the field of urban travel. In the future, with the continuous progress of technology and the continuous expansion of the market, this field will show broader development prospects and infinite possibilities.