Details of the release of the new national standard for battery electric bicycles. 1 accurate article make it clear!

Source: China Shanghai Securities News

New national standard for battery electric bicycles released

Escorting the development of the two-wheel travel industry

Recently, the mandatory national standard “Safety Technical Specifications for Lithium-Ion Batteries for Electric Bicycles” (“Technical Specifications”) drafted by the Ministry of Industry and Information Technology has been released by the State Administration for Market Regulation (National Standards Administration). It will be officially implemented on November 1, 2024.

The new technical specifications not only stipulate 6 test items for single cells, including marking, overcharge, over-discharge, external short circuit, thermal abuse, and needle puncture, but also stipulate 22 test items for battery packs. Including signs, electrostatic discharge, over-discharge, over-charge, temperature protection, external short circuit, etc.

In this regard, industry experts and heads of relevant listed companies told reporters from the Shanghai Securities News that as an important new energy travel tool, the popularity of electric bicycles has reached a high level. But at the same time, vehicle safety, especially the safety of new lithium-ion electric car battery, key components, is becoming more and more important, which is directly related to the personal safety of consumers. The launch of this technical specification will play a positive role in promoting the healthy development of the industry and improving the product safety of related companies.

Improving the safety level of lithium-ion battery electric bicycles

According to the Ministry of Industry and Information Technology, electric bicycles have become an important means of transportation in consumers’ daily lives. China is not only a major producer of electric bicycles, but also a major user of electric bicycles.

At present, the number of electric bicycles in China’s society has exceeded 350 million. In 2023, enterprises above designated size nationwide will produce a total of 42.28 million electric bicycles. There are two main types of batteries used in electric bicycles: lead batteries and lithium-ion batteries. Among the new electric bicycle models released by major domestic electric bicycle brands, the proportion equipped with lithium-ion batteries has exceeded 20%.

This technical specification stipulates the safety requirements and test methods for lithium batteries for electric bicycles applicable to the “Electric Bicycle Safety Technical Specifications” implemented on April 15, 2019, from both the single cell and battery pack levels. Among them, six safety requirements for single batteries are mainly considered: overcharge, over-discharge, external short circuit, thermal abuse, acupuncture, and marking.

The battery pack mainly considers 22 safety requirements in 7 aspects including electrical safety, mechanical safety, environmental safety, thermal diffusion, mutual recognition and collaborative charging, data collection, and marking.

As a mandatory national safety standard for lithium-ion batteries for electric bicycles, technical specifications are of great significance to standardizing the design, production and sales of lithium-ion battery products for electric bicycles, improving product quality and safety levels, and will promote the healthy and orderly development of the electric bicycle industry.

Relevant sources from the Ministry of Industry and Information Technology stated that the Ministry of Industry and Information Technology has always attached great importance to the healthy development of the electric bicycle and lithium-ion battery industries. By continuously improving the standard system, conducting key indicator research and experimental verification, we will continue to promote the improvement of the safety level of electric bicycle lithium-ion battery products.

In the next step, the Ministry of Industry and Information Technology will work with relevant departments to target electric bicycle and lithium-ion battery manufacturers and related dealers. Systematically organize and carry out publicity and implementation training of technical specifications, and at the same time increase the intensity of standard implementation, guide and urge relevant production enterprises to produce in strict accordance with the requirements of technical specifications, promote the effective implementation of mandatory national standards, and ensure safe and reliable product quality.

The latest electric bicycles feature advanced battery technology for extended range
The latest electric bicycles feature advanced battery technology for extended range

The consumption upgrade of two-wheeled electric bicycles is expected to continue

As a two-wheeled battery electric vehicle, electric bicycles have more usage scenarios. Electric motorcycles are subject to regulations restricting motorcycle travel in many areas of the country, and their usage scenarios are limited. The person in charge of Maverick Electric, which is listed on Nasdaq, told reporters that Maverick Electric currently has 17 models of electric bicycles on sale, and the sales of NXT and other models of electric bicycles have a significant effect on the company’s performance.

In the first quarter of 2024, Mavericks electric sales were 129,139 vehicles, a year-on-year increase of 37%. Among them, the sales volume in the Chinese market was 110,115 vehicles, a year-on-year increase of 35%; the international market sales were 19,024 vehicles, a year-on-year increase of 48%.

Gao Lufeng, chairman of No.9 Company, a company listed on the Science and Technology Innovation Board, said that young users have a very high demand for intelligent two-wheeled electric vehicles. Based on the current cumulative domestic shipments of 3 million No.9 electric vehicles, it is expected that the growth rate of electric vehicles will be even faster in 2024.

Company Nine’s 2024 first quarter report shows that Company Nine achieved revenue of 2.562 billion yuan in the first quarter, a year-on-year increase of 54.18%; net profit attributable to the parent company was 136 million yuan, a year-on-year increase of 675.34%. In terms of profitability, the company’s overall gross profit margin in the first quarter was 30.48%, a year-on-year increase of 2.26 percentage points.

Regarding the revenue growth in the first quarter, Nine Company said that it was mainly due to the company’s continued deepening of product innovation, improvement of product quality, and increased marketing efforts. Sales of electric two-wheeled vehicles and other products achieved substantial growth.

The new mandatory national standard for electric bicycles, “Technical Specifications for Safety of Electric Bicycles,” stipulates a series of mandatory standards for the manufacturing of electric bicycles. Gao Lufeng introduced that it has benefited from the wave of replacement of two-wheeled electric vehicles brought about by the implementation of the “new national standard” in 2019.

Electric bicycles have surpassed the company’s traditional businesses such as electric balance bikes and electric scooters to become the largest revenue segment. Gao Lufeng judged that the consumption upgrade of two-wheeled electric bicycles is expected to continue in the future.

The person in charge of Mavericks Electric stated that the background for the launch of this technical specification is that the industry’s battery technology is undergoing iterative upgrades, which are further reflected in the upgrades of products purchased by consumers. The energy density of lithium-ion batteries is higher than that of lead-acid batteries. Currently, high-end electric bicycle models of various companies are basically equipped with lithium-ion batteries.

The person in charge said that lithium-ion batteries are superior to lead-acid batteries in terms of volume and weight, electric vehicle charging performance, and service life. However, in terms of safety performance, lithium-ion batteries are currently not as stable as lead-acid batteries, and more attention needs to be paid to battery safety.

The latest research report from CITIC Securities believes that two-wheeled vehicles fall into the potential category of the old-for-new policy and are expected to benefit from the old-for-new policy. At the same time, battery technology updates are expected to promote the further development of the two-wheeled vehicle industry, and we continue to be optimistic about the performance of two-wheeled vehicle-related companies.

Cutting-edge electric bicycles utilize brushless motors for silent and smooth operation
Cutting-edge electric bicycles utilize brushless motors for silent and smooth operation