The Electric Vehicle Industry Is Undergoing Technological Upgrades And A Reshaping Of The Market Landscape.

The electric vehicle industry is undergoing technological upgrades and a reshaping of the market landscape. The promotion of the new national standard "Safety Technical Specifications for Electric Bicycles (GB 17761 - 2024)" has accelerated the industry's development towards intelligence and high-endization. The current market situation shows that the industry's sales volume will be approximately 50 million units in 2024, and is expected to rebound to 52 million units in 2025. In terms of brand competition, there is a differentiation in price ranges. The market below 4,000 yuan is dominated by traditional brands such as Yadea and Eima, while the high-end market above 4,000 yuan is led by Nine Number. On the intelligent track, Nine Number has firmly held the top position in the sales of intelligent electric vehicles with its full range of intelligent functions, followed by Yadea and Eima. In terms of capital performance, as of April 2025, Nine Number has a market capitalization of 42.9 billion yuan, followed by Yadea (42.19 billion yuan), and the industry concentration has further increased. In terms of battery technology, lithium batteries have rapidly risen due to their high energy density and are gradually replacing lead-acid batteries. Sodium-ion battery technology still awaits industrialization breakthroughs. User insights indicate that the young group is driving the extension of intelligent demand