2023 BAFANG Electric Bicycle Drive System Technology Exchange Meeting Was Held In SuZhou China

Bafang Electric (Suzhou) Co., LTD., founded in 2003, is committed to the research and development of electric power bicycles and two-wheeled vehicles with motor, controller, battery, instrument, sensor and other drive system core technology, has A number of drive system core technology, is a global electric drive system research and development and manufacturing of A-share listed enterprises.

Chairman Wang Qinghua took us to review the process of Bafang Electric's deep development step by step in the industry. In the past 20 years, Bafang Electric has always focused on the research and development of two-wheel drive system, carried forward the spirit of craftsmanship, and been market-oriented and striving for perfection. Wang shared, "The precondition for cooperation is based on mutual trust. The parties remain independent and neutral, and will not invest in downstream companies. Cooperation is mutually beneficial, and strategic cooperation promotes long-term win-win outcomes for both sides. Treat strategic partners, share resources and complement each other, win a bigger market!

Bafang electric drive system brand is divided into three parts according to the product type. Bafang is committed to becoming a consumer brand of electric power bicycle, SUTTO is committed to becoming a brand of two-wheel electric vehicle industry, and TVD is committed to becoming a brand of electric motorcycle industry.

At the same time, we also understand the dynamics of the European E-Bike market, the overall sales scale exceeded 5 million units, an increase of 11.46% last year, in which the sales volume of Germany is the highest, reaching 2 million units, while the second place France only more than 6 million units. He believes that there is still a gap in the European market that can be filled, and there are still great opportunities for us. In the next ten years, it is estimated that the sales volume of E-Bike in the European market can reach 15 million units. Sales in the U.S. market are also on the rise, reaching more than 500,000 units in 2020, 880,000 units in 2021 and one million units this year. The proportion of E-Bike users in China is also growing. In 2021, 2.96% of bicycle users nationwide have chosen E-Bike.

Heads of departments from Bafang also shared their achievements on stage. This is a fruitful technical exchange meeting, not only let everyone have an in-depth understanding of Bafang Electric, but also let everyone see the bright future of this industry.