China Low-speed Electric Vehicle(LSEV) Industry Report, 2016-2020

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It takes only less than ten years for China’s low-speed electric vehicle (LSEV) industry to grow from an infant to a behemoth with its output surging from 23,000 units in 2009 to 688,000 units in 2015 at a CAGR of up to 76.2%. In April 2016, the Standardization Administration of the People’s Republic of China (SAC) solicited public opinions on the Technical Specifications of Four-wheeled Low-speed Electric Passenger Vehicle, giving a glimmer of hope to the LSEV industry stranded in policy grey zone.

Despite absence of industry standards and legal grounds for running on the road, LSEV, with merits of great mobility and low use cost, enjoys huge market potential in rural areas and urban-rural fringe areas. As industry standards become increasingly clear and the industry more regulated, the market potential will be further unleashed over the next couple of years. It is expected that China’s output of LSEVs will hit 2.044 million units in 2020 at a CAGR of 24.3% over 2015.

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Regarding competitive landscape, the market finds a relatively low concentration with Shifeng, YOGOMO, and LEVDEO being the top3 players in the market. Shifeng has been the marekt leader for three years in a row, the first company with annual output of more than 100,000 units. YOGOMA, a electric vehicle brand under BYVIN, produces mainly D70, D50 and V60 with annual output of about 80,000 units. YOGOMO, the largest low-speed electric vehicle in Hebei province, has four brands (YOGOMO, CYAHOR, YGM, and Lewei) with annual output of 70,000 units or so. High profit margins in rapidly-developing low-speed electric vehicle industry have attracted a large number of two-wheeled and three-wheeled electric vehicle manufacturers (SUNRA, BYVIN, etc.) and companies from other sectors (like Loncin via acquisiton of Baoya) to enter the field, intensifying competition.

Meanwhile, some manufacturers scale up investment to expand LSEV capacity. Dojo began construction of Gaoyou base in early 2015; LEVDEO started building its Phase II low-speed electric vehicle project in 2015; the contract for YOGOMO Wuxi Project was signed in January 2016; the agreement forBaoyaXiangyang Project was signed in May 2016. With the launch of these projects, the competition in LSEV industry will prick up.

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China Low-speed Electric Vehicle Industry Report, 2016-2020 highlights the followings:
Overview of LSEV industry in China (definition, classification, development trends, etc.);
Market segments (electric bicycle, electric tricycle, LSEV, and all-terrain vehicle) of LSEV (industry standards, relevant policies, market size, competitive landscape, development trends, etc.);
Market for relevant key parts (battery, motor, and motor controller) (competitive landscape, manufacturers, etc.);
16 major manufacturers (Yadea, AIMA, SUNRA, BYVIN, Jinpeng, Dojo, YOGOMO, Xinyuzhou, Shifeng Group, Tokng, Fulu Vehicle, LEVDEO, KNDI, Rainchst, Lichi, and Baoya) (profile, financial position, leading products, R&D, distribution of production bases, technical features, etc.)

1 Overview of LSEV Industry
1.1 Definition and Classification of LSEV
1.2 Industry Characteristics
1.2.1 Intense Competition
1.2.2 Geographical Concentration

2 Development of Two-wheeled Electric Vehicle Industry
2.1 Standard of Two-wheeled Electric Vehicle
2.2 Market Size
2.3 Regional Pattern
2.4 Competitive Landscape
2.5 Industry Forecast

3 Development of Three-wheeled Electric Vehicle Industry
3.1 Standard of Three-wheeled Electric Vehicle
3.2 Market Size
3.3 Development in Major Regions
3.4 Competitive Landscape
3.5 Industry Forecast

4 Development of LSEV Industry
4.1 Policies on Four-wheeled Electric Vehicle
4.1.1National Policies and Standards
4.1.2 Local Policies
4.2 Market Size
4.3 Development in Major Regions
4.3.1 Shandong
4.3.2 Hebei
4.4 Competitive Landscape
4.5 Mini Electric Vehicle
4.6 Industry Forecast

5 Development of All-Terrain Vehicle Industry
5.1 Market Size
5.2 Regional Development
5.3 Competitive Landscape
5.4 Industry Forecast

6 Main Parts Market
6.1 Battery
6.1.1 Major Manufacturers and Competitive Landscape
6.1.2 Products of Major Manufacturers
6.1.3 Advantages and Disadvantages of Major Manufacturers
6.2 Motor
6.2.1 Major Manufacturers and Competitive Landscape
6.2.2 Products of Major Manufacturers
6.2.3 Advantages and Disadvantages of Major Manufacturers
6.3 Motor Controller
6.3.1 Major Manufacturers and Competitive Landscape
6.3.2 Products of Major Manufacturers
6.3.3 Advantages and Disadvantages of Major Manufacturers

7 Chinese LSEV Manufacturers
7.1 AIMA
7.1.1 Profile
7.1.2 Production
7.1.3 Major Products
7.1.4 Production Bases
7.1.5 AIMA Gains Control of Fuji-ta’s Electric Vehicle Business
7.2 Yadea
7.2.1 Profile
7.2.2 Sales Network
7.2.3 Production Bases
7.2.4 Plans for Capacity Expansion
7.3 BYVIN
7.3.1 Profile
7.3.2 Electric Bicycle
7.3.3 Electric Tricycle
7.3.4 LSEV
7.3.5 Main Production Bases
7.3.6 Plans for EV Capacity Expansion
7.4 SUNRA
7.4.1 Profile
7.4.2 Electric Bicycle
7.4.3 Electric Tricycle
7.4.4 Electric All-terrain Vehicle
7.4.5 Four-wheeled Electric Vehicle
7.4.6 Production Bases
7.5 Jinpeng
7.5.1 Profile
7.5.2 Major Products
7.5.3 Main Production Bases and Output & Sales
7.5.4 Big Order from China Post
7.6 YOGOMO
7.6.1 Profile
7.6.2 Output & Sales
7.6.3 Four Brands Released by YOGOMO
7.6.4 Major Products
7.6.5Agreement for YGM Wuxi Project Signed
7.6.6 Strategic Planning for 2020
7.6.7 Main Production Bases
7.7 Shifeng Group
7.7.1 Profile
7.7.2 Operation
7.7.3 Production
7.7.4 Strategic Planning
7.8 Tokng
7.8.1 Profile
7.8.2 Major Products
7.8.3 Launch of New Product
7.9 Fulu Vehicle
7.9.1 Profile
7.9.2 Major Products
7.9.3 Transfer of Controlling Stake in Lichi
7.10 Dojo
7.10.1 Profile
7.10.2 Major Products
7.10.3 Production Bases and Capacity
7.10.4 Operation
7.11 Baoya
7.11.1 Profile
7.11.2 Major Products
7.11.3 Production Bases
7.11.4 Agreement for BaoyaXiangyang Project Signed
7.11.5 Joint Venture between BAIC and Baoya
7.12 LEVDEO
7.12.1 Profile
7.12.2 Major Products
7.12.3 Production Bases
7.13 Lichi
7.13.1 Profile
7.13.2 Revenue
7.13.3 Major Products
7.13.4 Equity Transaction
7.14 KANDI
7.14.1 Profile
7.14.2 Revenue
7.14.3 Main Businesses
7.14.4 Major Products
7.14.5 Sales
7.14.6 Main Production Bases
7.15 Xinyuzhou (Yudea Group)
7.15.1 Profile
7.15.2 Major Products
7.15.3 Production Bases
7.15.4 Main Qualifications
7.16 Rainchst
7.16.1 Profile
7.16.2 Major Products
7.16.3 Production Bases

Main Classifications of LSEVs
Main Types of Tricycles on the Market
Economic Benefits Comparison between LSEV and Other Types of Vehicles
Main Applications of LSEV
Technical Standards of Electric Bicycle (1999 Version, 2015 Amendment, and 2016 Draft)
China’s Output of Electric Bicycle, 2009-2016 (mln Units)
China’s Electric Bicycle Ownership, 2009-2016 (mln Units)
Top10 Provinces of Electric Bicycle by Output, 2015
Ranking of Two-wheeled Electric Vehicle Manufacturers, 2015 (mln Units)
China’s Output of Two-wheeled Electric Vehicle, 2015-2020E (mln Units)
Key Reference Indicators in Technical Requirements on Electric Tricycle for Express Delivery
China’s Output of Three-wheeled Electric Vehicle, 2009-2016 (mln Units)
China’s Three-wheeled Electric Vehicle Ownership, 2009-2016 (mln Units)
Major Electric Tricycle Production Bases and Sales Regions in China
Competitive Landscape of Electric Tricycle Industry in China
China’s Output of Three-wheeled Electric Vehicle, 2015-2020E (mln Units)
Local Policies on LSEV in Major Regions
Interpretation of Local Policies and Regulations on LSEV in Recent Yeas
Policies on LSEV in Major Regions
Regulations on LSEV in Shandong (Trial) (Part)
Regulations on LSEV in Some Cities in Shandong
Provisions on Relevant Technical Indicators in Regulations on LSEV in XingtaiCity (Trial)
China’s Output of LSEV, 2009-2016 (1,000 Units)
China LSEV Ownership, 2009-2016 (1,000 Units)
LSEV Output in Shandong, 2009-2016 (1,000 Units)
Shandong’s Proportion of the Country’s LSEV Production, 2015 (1,000 Units)
Main Regions Where LESVs Are Sold in China
Ranking of Major Chinese LSEV Manufacturers by Sales, 2014-2015
Central and Local Subsidy Policies on Battery Electric Passenger Vehicle, 2016 (Incomplete Statistics)
Main Technical Indicators of Some Best-selling Minicars
Main Ways of LSEV Manufacturers to Obtain Production Qualification
China’s LSEV Output, 2015-2020E (1,000 Units)
China’s ATV Output, 2009-2016 (1,000 Units)
China’s ATV Sales, 2009-2016 (1,000 Units)
Sales of ATV in Major Regions in China, 2009-2015 (1,000 Units)
Top5 Electric Sightseeing Vehicle Manufactures in China by Sales, 2015
Forklift Output Breakdown in China by Market Segment, 2013-2015
Top10 Forklift Manufacturers in China by Sales, 2015
China’s Output and Sales of ATV, 2015-2020E (1,000 Units)
Share of Major Battery Suppliers in Two-wheeled and Three-wheeled Electric Vehicle Markets, 2015
Share of Major Battery Suppliers in LSEV Market
Chaowei Power’s Main Batteries for LSEV
Tianneng Power’s Main Batteries for LSEV
Sacred Sun’s Sealed Lead-acid Batteries for Electric On-road Vehicle
Comparison between Chaowei Power and TiannengPowr
Capacity of Major Motor Manufacturers in Two-wheeled and Three-wheeled Electric Vehicle Industries in China
Shandong Xindayang’s Main Motors for Two-wheeled and Three-wheeled Electric Vehicles
Ananda’s Main Motors
Boyu’s Main Motors of LSEV
YuchengFutong Motor’s Main Motors
Capacity of Major Manufacturers of Motor Controller for Electric Bicycle in China
Capacity of Major Manufacturers of Motor Controller for Electric Vehicle in China
Deyang Electronic Technology’s Main Motor Controllers
Ananda’s Main Controllers
Wuxi Jinghui Electronics’ Main EV Controllers
Tianneng Power’s Main Motor Controllers
Shanghai Edrive’s Motor Control Systems for LSEV
Tianjin Santroll Electric Automobile Technology’s Main Motor Controllers for LSEV
V&T’s Main EV Controllers
AIMA’s Electric Vehicle Output, 2010-2015 (mln Units)
AIMA’s Main Electric Vehicles and Their Performance
Main Production Bases of AIMA
Capacity of AIMA’s Main Production Bases and Investment
Number of Yadea’s Distributors, 2013-2015
Distribution of Yadea’s Distributors Nationwide, at the end of 2015
Output of Major Products in Yadea’s Wuxi Base, 2013-2015
Output of Major Products in Yadea’sCixi Base, 2013-2015
Output of Electric Bicycle in Yadea’s Tianjin Base, 2013-2015
Output of Major Products in Yadea’s Dongguan Base, 2013-2015
Yadea’s Plans for Capacity Expansion
BYVIN’s Main Two-Wheeled Electric Vehicles
Configuration Parameters of BYVIN’s Main Electric Bicycles
BYVIN’s Main Three-wheeled Electric Vehicles
Main Parameters of BYVIN Spring Breeze Electric Tricycles
Main Parameters of BYVIN M3 Electric Vehicle
Main Parameters of BYVIN M6 Electric Vehicle
Main Parameters of BYVIN M7 Electric Vehicle
Major New Energy Power Technologies of BYVIN
Main Two-wheeled Electric Vehicle Products Bases of BYVIN
BYVIN’s Electric Vehicle Production Bases and Capacity Expansion Plans
SUNRA’s Major Two-wheeled Electric Vehicles
SUNRA’s Major Three-wheeled Electric Vehicles
SUNRA’s Major AVTs
Main Performance Parameters of V-dou Electric Vehicle
Main Performance Parameters of V-mi Electric Vehicle
Jinpeng’s Main Electric Vehicles
YOGOMO’s Sales of LSEV, 2011-2015
Three Electric Vehicle Brands and Market Segmentation of YOGOMO
Main Configuration Parameters of YOGOMO 330
Main Configuration Parameters of YOGOMO Q Electric Vehicle
Main Configuration Parameters of YOGOMO A260 Electric Vehicle
Main Configuration Parameters of YOGOMO S325 Electric Vehicle
Main Configuration Parameters of YOGOMO X260 Electric Vehicle
Main Configuration Parameters of YOGOMO X6320 Cargo Van
Main Configuration Parameters of YOGOMO M6320
YOGOMO’s Main Production Bases and Products
Operating Revenue and Profits & Taxes of Shifeng Group, 2010-2015(RMB bn)
Vehicle and Electric Vehicle Output of Shifeng Group, 2010-2015 (1,000 Vehicles)
Main Performance Parameters of Tokng Sunny Angel
Main Performance Parameters of Tokng Prince
Main Performance Parameters of Tokng Minivan
Main Performance Parameters of FuluLetu
Main Performance Parameters of FuluLechi
Main Performance Parameters of FuluMeike
Main Performance Parameters of Fulu New Xiangrui (FLE360-F)
Main Technical Parameters of Dojo Pioneer
Main Technical Parameters of Dojo Parkour
Main Technical Parameters of Dojo Dream Achiever
Main Production Bases of Dojo
Main Configuration Parameters of BaoyaYabei LSEV
Main Configuration Parameters of BaoyaTongnian LSEV
Main Production Bases of Baoya Group
Main Configuration Parameters of D50 LSEV
Main Configuration Parameters of D70 LSEV
Main Configuration Parameters of LEVDEO V60
Revenue and Net Income of Lichi, 2014-2016 (RMB mln)
(Low-speed) Electric Vehicle Sales of Lichi, 2014-2020E
Parameter Comparison of Lichi’s Main Electric Vehicles
Operating Revenue and Net Income of KANDI, 2009-2016 (USD mln)
EV Business Evolution of KANDI
Revenue Breakdown of KANDI by Product, 2013-2015 (USD mln)
Revenue Breakdown of KANDI by Region, 2013-2015 (USD mln)
KANDI K11 LSEV
KANDI K10 LSEV
KANDI K17 LSEV
EV Sales of KANDI, 2014-2016
EV Sales of KANDI by Model, 2015-2016
Main Production Bases of KANDI
Main Technical Parameters of XinyuzhouYudea’s Electric Golf Carts
Main Technical Parameters of XinyuzhouYudea’s Electric Sightseeing Carts
Main Parameters of Yudea T80
Main Parameters of Yudea T60
Main Parameters of Yudea T70
Main Production Bases of Yudea
Main Parameters of Rainchst A00 EV
Main Parameters of Rainchst A0 EV
Main Parameters of Rainchst A EV
Main Parameters of Rainchst MMPV EV
Main Parameters of Rainchst Electric Mini-trucks
Main Parameters of Rainchst Electric Sports Cars
Main Parameters of Rainchst Electric Sightseeing Vehicle
Main Technologies Adopted in Rainchst’s Production Bases

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