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Lead-acid Battery Market
- Jul 08, 2016 -

Benefited from the country's focus on development of new energy vehicles, as well as mitigating the effects of smog on life, China's electric car market had its explosive growth. Agency research shows that electric bikes to reach 160 million by 2020 population, subsequently led the development of lithium-ion batteries, predicts that by 2020 the lithium-ion battery market share is 10%.

Global leading of research group benefits Poussot in recently released of 2013 China electric and the electric power battery market and the industry analysis research report in the said, due to Government encourages using alternative energy reduced on oil of dependence and ease fog haze weather on residents life of effect, again plus by environment friendly type electric manufacturer strong needs of promoted, forecast to 2020, China electric bike of keep volume will reached 160 million car, From 2013 to 2020 electric bicycles-year compound annual growth rate for the period was 4%. Electric Bicycle battery sales are expected to be achieved during the period of 6% compound annual growth rate of primary market and secondary market sales are expected to reach $ 7.6 billion.

The report also pointed out that, in hot pursuit of the elderly in the rural market, electric tricycle will further accelerate sales growth in China. In 2013, the electric tricycle ownership in China of 20.93 million units, an increase of 46%, by 2020, given the increase in the aging population in China, the population is expected to rise to 102 million units. Thanks to this, electric tricycle power battery sales is expected to make from 2013 to 2020 27% compound annual growth rate reached 7 billion dollars will not formed with an electric bike battery needs vast domestic market of nearly equal size.