In 2004, there were more than 1,000 production plants in China's electric tricycle
industry, with an annual output of 6.75 million vehicles. In 2005, China's annual output of electric tricycles reached 9.6 million, and the market has more than 15 million vehicles. In 2006, the domestic production of electric tricycles reached nearly 20 million, an increase of more than 60% over the previous year. In 2010, the production and sales volume of light electric tricycles in China may reach 30 million, and the export volume will reach 5-6 million, and the industrial output value will reach 70 billion yuan, including the overall scale of the industry that drives the output value of upstream and downstream, which will reach 130 billion yuan. Yuan. It took only a few years for the electric tricycle industry to rise in China. In these short years, the electric tricycle industry has grown from nothing, from sporadic distribution to widespread popularization, and has achieved rapid development and great progress. Since core technology is not required, entry barriers are low, and profit margins are large, a large number of companies will focus on the emerging industry of electric tricycles in a short period of time. The development of the electric tricycle industry has a strong regionality, which is manifested in production on the one hand, and consumption on the other hand, and this is also a gradual process. After more than ten years of development, China's electric tricycle industry has formed a large-scale industrial group from small to large. Especially after entering the 21st century, the entire industry has shown a rapid development trend. While we are happy for the rapid development of this industry, we should also see that the overall development quality of the electric tricycle industry is not high at present, mainly because there are many manufacturers but the quality is not good. There are very few big brands with independent research and development capabilities and scale, but most of them are manufacturers that rely on imitation and assembly to operate at low prices. Some small factories can even assemble and sell with a few people and a few screwdrivers.
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