China has firmly established itself as the global hub of the electric bike (e-bike) revolution, driven by its thriving domestic market and government-backed green initiatives. As of 2023, the country held the largest 31.89% share of the global e-bike market.
Projections indicate that China’s e-bike market will surpass $12.39 billion by 2029, with total production expected to reach an impressive 40.2 million units by 2030. The pedal-assist segment is anticipated to dominate the market, attributed to its cost-effectiveness, zero fuel expenses, and growing appeal among health-conscious consumers.
In the following section, we highlight the top Chinese electric bike brands that are shaping the future of sustainable transportation. Whether you’re exploring eco-friendly mobility solutions or analyzing market trends, these companies exemplify the innovation and growth driving China’s e-bike industry.
Did you know?The China e-bike market is highly consolidated, with the top five companies holding 71.76% of the market share. The volume-weighted average price of an e-bike in China stands at approximately $367. [1]
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13. Hongdu Electric Vehicle
Founded: 2001Popular Models: Phantom 1500W Red e-bike
Competitive Edge: Affordable and durable e-bikes
Hongdu EV, a subsidiary of Hongdu Group, provides electric scooters, electric bicycles, and cargo-focused three-wheelers. It operates as both a manufacturer and trader, focusing on the production and export of light electric vehicles.
The company develops energy-efficient mobility solutions tailored to meet the needs of various consumers, including urban commuters and small business owners. It operates with a moderate production capacity and a workforce of approximately 300 employees.
Building on its domestic base in China, Hongdu EV actively targets emerging markets in Southeast Asia, Africa, and South America. Its main focus is on mid to low-income consumers seeking affordable electric mobility solutions.
12. Xiaomi’s HIMO Electric Bikes
ADO Dece 300C e-bike
Popular Models: Himo C26 Max
Competitive Edge: Compact, stylish designs integrated with smart technology
HIMO, a sub-brand of Xiaomi, designs and manufactures e-bikes and e-scooters. It is recognized for providing comprehensive digital solutions for green urban mobility, aligning with the growing consumer demand for eco-friendly transportation options.
The company holds several patents related to the appearance, frame, and accessories of its products. Notably, the HIMO H1 model has been recognized with a Red Dot Design Award, highlighting the company’s commitment to design excellence. [2]
HIMO targets young professionals, students, and eco-conscious urban commuters looking for smart, affordable, and lightweight transportation options. Leveraging Xiaomi’s robust supply chain, R&D capabilities, and marketing platforms, HIMO ensures both affordability and scalability. Its products are sold globally through Xiaomi’s online store, third-party e-commerce platforms, and retail outlets.
11. Tianjin Golden Wheel Group
Founded: 1987Popular Model: Totem S1
Competitive Edge: Diversified business operations
Tianjin Golden Wheel Bicycle Group is a prominent Chinese manufacturer specializing in folding bicycles, mountain bicycles, leisure bicycles, electric bicycles, and other related products.
The company has expanded its operations to include over 30 entities, covering sectors such as furniture, mold manufacturing, restaurants, real estate, and finance, thereby evolving into a multifaceted conglomerate. This expansion into various sectors beyond bicycle manufacturing enhances its market resilience and growth potential.
Golden Wheel Group has impressive manufacturing capabilities, operating 46 production lines and employing a workforce of 5,000. The company exports its products to over 120 countries, reinforcing its strong global presence.
10. Forever Bicycles
Founded: 1940Popular Models: SFEM1456 and SFEC1026 series
Competitive Edge: Brand legacy
Shanghai Forever is one of China’s oldest and most renowned bicycle manufacturers. Founded in 1940, the company has established a global reputation for producing traditional bicycles, folding bikes, mountain bikes, children’s bikes, and electric bicycles.
They created the calibrated bicycle, which standardized the national specifications for bicycles in China. They also developed the first-generation 660MM lightweight bicycle, racing bicycles, heavy-loaded bicycles, and LPG gas mopeds. Forever’s commitment to quality and innovation has been recognized with over 125 awards from national, ministerial, and city-level organizations. [3]
In 2001, Zhonglu Group acquired the Forever brand, paving the way for the company to diversify its product portfolio and enhance its manufacturing capabilities. The company now operates with a fully integrated industrial chain and multiple factories across China.
9. Phoenix Bicycles
Popular Models: Verve, Fuelist
Competitive Edge: Longstanding brand heritage
Phoenix is a renowned Chinese bicycle manufacturer with a rich history dating back to 1958. The brand, symbolized by its legendary phoenix logo, enjoys global recognition and has played a crucial role in China’s transportation industry for decades. [4]
The company has evolved from producing traditional bicycles to becoming a modern manufacturer of e-bikes, scooters, and other personal mobility solutions. Its current product lineup includes children’s bikes, mountain bikes, city bikes, folding bikes, electric bikes, electric scooters, hybrids, and leisure bikes, catering to a wide spectrum of consumer preferences.
Phoenix offers high-quality bicycles and e-bikes at competitive prices, ensuring accessibility for a wide range of customers. The company has a strong global footprint, exporting its products to over 50 countries.
8. Aucma Electric Vehicle
Founded: 1987 (entered EV segment in 2006)Popular Models: Folding electric bicycle F9
Competitive Edge: State-owned enterprise backing
Qingdao Aucma EV is a state-owned enterprise based in Qingdao, Shandong Province, China. Besides two and three-wheeled electric vehicles, it manufactures golf carts, sightseeing buses, cargo trucks, patrol cars, and other utility vehicles.
The company has successfully extended its market reach beyond China, exporting its products to countries such as South Korea, Egypt, Australia, Germany, and the UK. With an annual turnover of approximately $2 million, Aucma demonstrates its active engagement in the growing electric vehicle market. [5]
7. Niu Technologies
Founded: 2014Annual Revenue: $400 million (2024)
Popular Models: NQi Series, MQi Series
Competitive Edge: Integration of smart technologies
Niu Technologies manufactures premium electric scooters, e-bikes, and motorcycles, with a focus on integrating cutting-edge technology, stylish designs, and sustainable practices. The company has redefined urban transportation with its commitment to creating energy-efficient and connected electric vehicles.
Niu integrates smart technologies into its vehicles, including digital displays, Bluetooth connectivity, and mobile applications that allow users to monitor battery life, track rides, and map routes.
In 2023, the company achieved sales of 709,802 units, with 600,994 units sold in China and 108,808 units in international markets. In FY 2024, it generated approximately $400 million in revenue, reflecting a 5.83% year-over-year growth. [6]
With 3,124 franchised stores in China and 58 distributors operating in 54 countries, Niu continues to expand its market reach, particularly in Europe and other regions.
6. BYVIN Electric Vehicle
Founded: 2012Popular Models: BDW1500DT
Competitive Edge: Low-budget electric vehicles
BYVIN produces a range of EVs tailored for both personal and commercial applications. Its product lineup includes electric bicycles, scooters, tricycles, and cars, all powered by lithium-ion batteries.
The company focuses on entry-level, budget-friendly electric vehicles to serve the rural population in China. Plus, its emphasis on lithium-ion battery technology ensures that its vehicles are both efficient and environmentally friendly.
To date, BYVIN has raised $444 million in funding and built multiple manufacturing facilities across China. These facilities produce a wide range of two-wheeled and three-wheeled electric vehicles, supporting the company’s commitment to accessible and eco-friendly transportation. [7]
5. Luyuan Electric Vehicle
Founded: 1996Annual Revenue: $717 million (2024)
Popular Models: LEV3 electric scooter
Competitive Edge: Proprietary cooling technology
Luyuan is recognized as a founder and technology leader in the electric two-wheeler industry. It has established multiple production plants across China, supporting an annual production capacity exceeding 2.1 million units. [8]
In 2023, Luyuan made significant advancements in key technologies, including solid-state electrical systems and Liquid Cooling 2.0 systems designed to optimize motor and battery heat management.
The company also implemented an IPD integrated development system, which shortened the development cycle by 20% while boosting production and assembly efficiency by 30% through innovations such as frame platformization, power platformization, and component standardization.
During the same year, Luyuan launched over 50 electric models. The company achieved annual revenue exceeding $700 million, with a gross profit of $93.3 million—an impressive 21.4% increase compared to the previous year.
4. TAILG Electric Vehicle
Annual Production Capacity: 15 million
Popular Models: TAILG GF51 and X51
Competitive Edge: Mersault cloud long-range technology platform
TAILG is renowned for its commitment to eco-friendly transportation, offering a diverse range of electric bikes, scooters, motorcycles, and tricycles. With exports reaching over 90 countries and a global network of 30,000 brand stores, the company has built a strong international presence.
TAILG has developed a comprehensive system called Mersault Cloud Long-Range Technology Platform to enhance the performance and efficiency of electric two-wheelers. This platform integrates several advanced technologies, addressing common challenges in EV design, such as charging speed, energy recovery, and range anxiety. [9]
Holding more than 2,000 patents, TAILG has established cutting-edge R&D centers and a CNAS-accredited laboratory. It has achieved consistent growth, with annual revenues surpassing $290 million in recent years.
3. Sunra Electric Vehicle
Founded: 1999Popular Models: ROBO-S electric scooter
Competitive Edge: Strong international presence
Sunra Electric Vehicle, also known as Xinri E-Vehicle, specializes in the design, manufacturing, R&D, and sales of electric vehicles, including mobility scooters, e-rickshaws, scooters, motorcycles, and tricycles.
The company invests heavily in R&D to develop advanced electric vehicle solutions. It holds over 400 patents, with a focus on battery technologies like sodium batteries, advanced electric motor systems such as dual-core dual-power systems, and smart IoT-enabled vehicles.
Sunra offers comprehensive after-sales services, spare parts support, and product warranties through its 2,000+ outlets. The company’s combined annual gross production value is approximately $20.55 billion. [10]
2. Aima Technology
Founded: 1999Annual Revenue: $2.9 billion (2024)
Popular Models: Aima X613
Competitive Edge: Efficient, silent engine
Aima Technology has established a significant presence in the e-mobility industry, both domestically and internationally. It focuses on quality and innovation, offering a diverse range of electric two-wheelers, including e-scooters, e-bikes, and e-micro vehicles.
Aima has obtained over 1,600 patents in China, including 38 invention patents, 300+ utility model patents, and 900+ appearance design patents. Plus, its expansive global presence and robust sales network contribute to its leading position in the e-mobility industry. [11]
The company has a presence in over 50 countries and operates 11 production bases worldwide, including factories in Vietnam and Indonesia. In 2024, AIMA’s total sales volume of electric vehicles reached 80 million units, establishing a new benchmark for the sustainable growth of the industry. [12]
1. Yadea Technology Group
Founded: 2001Breaking Records: Yadea’s Global Sales Top 100 Million Units#Yadea #ElectrifyYourlife #GlobalMilestone #Newrecordhttps://t.co/mHF9U3vnR4
— Yadea Global (@YadeaGlobal) December 17, 2024
Annual Revenue: $4.5 billion (2023)
Popular Models: Yadea G5 and C1S
Competitive Edge: Proprietary technologies, such as the graphene battery
Yadea Technology Group is a leading manufacturer of electric two-wheelers, with a broad product range covering electric mopeds, electric bicycles, electric kick scooters, and high-performance electric motorcycles.
The company has a vertically integrated business model encompassing R&D, manufacturing, and sales. It operates two national CNAS laboratories, six R&D centers, and one national industrial design technology center. With over 1,000 R&D professionals on its team, the company holds more than 2,000 national patents. [13]
Yadea’s sales network spans over 100 countries, supported by 4,000 distributors and 40,000 retailers, facilitating a robust global presence.
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Sources Cited and Additional References- Industry Report, China e-bike market share and trend analysis, Mordor Intelligence
- About Page, HIMO is owned by Xiaomi Eco-chain, Himo
- LinkedIn Profile, Shanghai Forever is one of the earliest bicycle manufacturers in China, LinkedIn
- About Page, Phoenix has grown together with China’s bicycle industry, Phoenix Electric
- Company Profile, Qingdao AUCMA is currently dealing in electric vehicles, ExportHub
- Form 20-F, Operating and financial review and prospects, Niu Technologies
- BYVIN Auto, The company has raised $444 million, PitchBook
- Company Introduction, Luyuan has more than 9200 sales outlets, Luyuan
- Technology Platform, The 5th generation power saving technology, TAILG
- About Page, Our extensive network includes over 2000 after-sales service outlets, SUNRA
- Company Guide, Aima’s outstanding financial report, AIMA Technology,
- AIMA Technology, Global Sales of 80 Million, Newswire
- About Page, Yadea has held the top spot in global annual sales for seven straight years, Yadea
