"但之前在不同版本上市节奏上缺乏有效衔接，在车型设计上也有一些考虑不周的地方，给一直期待不 同需求的消费者带来了不便与困扰，我们深表歉意。雅迪始终坚持以用户为中心，将继续加快产品布局 与迭代，围绕真实出行场景，打造更安全、更实用、更贴心的电动自行车产品。" 12月5日，雅迪电动车发布关于新国标车型的说明。 雅迪电动车表示，近期，网民密切关注我司"毛豆"新国标车型的问题，如"不能带小孩"、"缺乏储物空 间"等，甚至引发对新国标和管理政策的质疑，其实这些都不是新国标的规定，而是对执行要求的理解 不准确。 雅迪电动车指出，我们这款车型有不同版本，旨在面向不同使用场景与人群提供精准出行方案。目前已 上市的为"单人通勤版"，主要服务于日常单人通勤群体，侧重解决基础出行需求。此外，同系列产品还 包括"时尚版"与"亲子宝妈版"，分别在造型设计、骑行体验以及安全性、实用性等方面进行针对性优 化，以覆盖更多用户群体，后续也将陆续上市。 雅迪电动车表示，近期，网民密切关注我司"毛豆"新国标车型的问题，如"不能带小孩"、"缺乏储物空 间"等，甚至引发对新国标和管理政策的质疑，其实这些都不是新国标的规定，而是对执行要求的理解 不准确 ...

对此，工信部下设机构消费品工业司和中国自行车协会均于近期发布相关内容以作出回应和倡议。中国电子技术标准化研究院安全技术研 究中心副主任何鹏林也对5条相关谣言作出了回应和解读。 自12月1日旧国标电动自行车禁售，电动自行车新国标全面落地后，网络上出现关于新标准的误解和传言。 与此同时，作为国内电动自行车头部企业的各大品牌也于昨日发布了相关声明。其中，雅迪科技集团有限公司（以下简称"雅迪科技"）表 示积极响应、坚决执行中国自行车协会发起的倡议。 雅迪科技表示，对于近期网上出现的一些关于新国标车型的质疑，网传产品仅为个别企业的车型，并非行业主流设计、主流产品，标准中 完全没有这样的规定，雅迪科技的产品也坚决不会有这样的设计。 雅迪科技还表示，目前公司已推出68款符合新国标的车型，契合不同消费者日常出行场景，如优化座椅舒适性与承重设计，满足安全携带 儿童的需求，也安装了后视镜等，能够很好地满足消费者的使用需求。 "下一步，我公司将持续以高标准、严要求推进产品研发与生产，全力推出更多既安全又实用的新国标车辆，为广大消费者提供更优质、 更安全、更便捷、更舒适、更丰富的电动自行车产品。" 爱玛科技集团（以下简称"爱玛科技" ...

Core Viewpoint - The recent controversies surrounding the new national standard electric bicycles, such as "metal seats" and "prohibition of carrying passengers," are largely due to misunderstandings of the standard's implementation, according to Yadea Technology Group's statement [1][2]. Group 1: Company Response - Yadea clarified that the reported "odd" configurations are not representative of the industry and only appear in specific models from certain companies [1]. - The company has launched 68 new models that comply with the new national standard, ensuring comfort and safety for carrying children [1][2]. Group 2: Industry Context - The transition period for the mandatory national standard, "Electric Bicycle Safety Technical Specification" (GB17761—2024), ended on November 30, leading to some new vehicle configurations that do not align with consumer habits [1]. - The Ministry of Industry and Information Technology indicated that the issues stem from a lack of comprehensive understanding of the new standard by some companies, not a widespread industry problem [1]. - Over 100 companies have had more than 600 models certified by CCC and are gradually entering the market [1]. Group 3: New Standard Features - The new standard does not mandate "metal seats" or prohibit carrying passengers; it instead removes the requirement for mandatory footrests and optimizes safety features such as fire resistance, braking distance, and dynamic safety monitoring [2]. - Yadea's compliant models have been optimized for various travel scenarios, maintaining comfortable seat designs and including rearview mirrors to meet consumer needs [2].

Group 1 - The new national standard for electric bicycles, GB17761-2024, has been implemented, prohibiting the sale of old models and leading to a limited supply of new models in the market [1][3] - The new standard imposes stricter requirements on speed, fire resistance, and the inclusion of a smart positioning system, with a maximum speed of 25 km/h and mandatory use of fire-resistant materials [2][6] - The transition period has resulted in a significant increase in prices for new standard electric bicycles, with price hikes ranging from 300 to 1000 yuan compared to old models [3][4] Group 2 - The market is experiencing a shift, with electric motorcycles gaining higher sales compared to new standard electric bicycles, indicating a potential change in consumer preferences [6][7] - Companies are responding to the new standard by adjusting their production lines and focusing on high-quality manufacturing and smart features to enhance product competitiveness [7][8] - The overall sentiment in the industry remains optimistic, with expectations of sustained market demand as manufacturers ramp up production of new standard models [6][7]

Core Viewpoint - The implementation of the new national standard for electric bicycles (GB17761-2024) has led to a limited supply of compliant models in the market, resulting in fewer choices and increased prices for consumers [2][6]. Group 1: New National Standard Implementation - The new standard, effective from December 1, 2023, prohibits the sale of old electric bicycles and introduces stricter requirements regarding speed, fire safety, and smart positioning systems [2][4]. - Under the new regulations, electric bicycles must not exceed a speed of 25 km/h, and manufacturers are required to implement anti-tampering mechanisms to prevent speed modifications [5]. - The new standard mandates the use of higher-grade flame-retardant materials for key components and sets specific technical indicators for battery safety, including thermal runaway protection [5]. Group 2: Market Supply and Pricing - The market supply of new standard electric bicycles is still in its early stages, with many stores reporting low inventory levels, often displaying only one model with limited stock [6][8]. - Prices for new standard electric bicycles have increased by 300 to 500 yuan compared to old models, with some high-end models seeing price hikes of up to 1,000 yuan due to upgraded materials and features [6][8]. - Online sales channels reflect a similar trend, with only 1-2 models available from major brands, and many listings showing "out of stock" [7][8]. Group 3: Industry Response and Future Outlook - Companies are adjusting their production lines to comply with the new standard, with some brands like Aima announcing capacity transfers and temporary shutdowns of old production lines [8][11]. - Despite the current supply challenges, industry representatives express optimism about the future, believing that the new standard will enhance safety and drive demand as production ramps up [10][11]. - The market is also witnessing a shift towards electric motorcycles, which are not subject to the new regulations and have shown higher sales volumes compared to new standard electric bicycles [10][11].

Core Viewpoint - The transition period for the newly revised mandatory national standard "Safety Technical Specifications for Electric Bicycles" has officially ended, leading to the complete cessation of sales for old standard electric bicycles. The market is currently experiencing a shift as new models are being introduced, but consumer sentiment remains cautious due to various factors [1]. Group 1: Market Situation - As of December 1, all sales have switched to new national standard vehicles, with stores like Yadi in Guangzhou showcasing new models. Approximately 50 units of new standard models are available in stock [2]. - Many stores are still awaiting the arrival of new standard models, as old standard models have been sold out. Production of old standard vehicles ceased on September 1, with manufacturers now focusing on new standard designs [2]. - Consumer interest has decreased compared to previous years, with fewer inquiries and lower purchase intentions noted by sales personnel [2][3]. Group 2: Price and Cost Implications - The introduction of new standard products has led to price increases ranging from several hundred to a thousand yuan compared to similar old models [4]. - The new standards impose stricter requirements on fire resistance, structural safety, and braking performance, contributing to increased production costs [4]. Group 3: Changes in Standards - The new standard has revised nearly 200 important indicators, significantly enhancing fire safety by limiting the plastic weight ratio in the vehicle [6]. - Adjustments to the weight limit for lead-acid battery models allow for increased battery capacity, improving the range to approximately 60 kilometers [7]. - Enhanced safety measures include improved monitoring of battery status and tamper-proof technology, which raises the threshold for illegal modifications [8]. Group 4: Consumer Awareness and Regulatory Actions - Regulatory bodies are intensifying inspections of electric bicycle sales to ensure compliance with the new standards and prevent the sale of old standard vehicles [13]. - Consumers are advised to look for 3C certification labels to ensure that electric bicycles meet mandatory national standards [15].

Group 1 - The domestic sales of electric two-wheelers reached 32.325 million units in the first half of 2025, representing a year-on-year growth of 29.5%, driven by the implementation of new national standards which are expected to release replacement demand [1] - The new standards are expected to significantly increase the penetration rate of smart electric bicycles, with a notable shift in product structure anticipated by 2026 [1] - The implementation of the new standards raises technical barriers and capital thresholds in the industry, accelerating the process of industry consolidation [1] Group 2 - Leading companies like Yadea and Aima are benefiting significantly from the new standards, with Yadea achieving a revenue of 19.186 billion yuan in the first half of 2025, a year-on-year increase of 33.1% [2] - Aima has made significant breakthroughs in fire-resistant materials and lightweight technology, with its new magnesium alloy frame reducing weight by 30% and costs by 15%, fully complying with the new standards [2] - New Day Holdings is focusing on the smart connected field, having developed a dedicated positioning chip for electric bicycles in collaboration with Beidou Star, achieving mass production [2] Group 3 - The new standards present challenges such as increased production costs, estimated to rise by 100 to 600 yuan per electric bicycle due to the application of new materials and technologies [3] - Insufficient technical reserves hinder some companies' ability to transition, particularly in the development of the Beidou positioning system which requires expertise across multiple fields [3] - The establishment of a comprehensive recycling system is urgent as the acceleration of old vehicle elimination necessitates improved recycling and utilization frameworks [3]

Core Insights - The transition from old to new national standards for electric bicycles has led to a significant inventory clearance of old models, with new models expected to be launched soon [2][5][6] - The new standards impose stricter requirements on safety, quality, and technology, resulting in price increases of 500 to 1000 yuan for new models compared to old ones [2][10] - Major companies in the industry, such as Aima Technology, Ninebot, and New Day, have reported double-digit revenue and profit growth in the first three quarters of 2025, indicating a positive market response to the new standards [13][14] Industry Transition - The new national standard, GB 17761-2024, was officially implemented on December 1, 2025, with a focus on safety and quality improvements, including speed limits and battery compatibility [4][5] - Companies are facing challenges in adapting their manufacturing systems and supply chains to meet the new standards, but many have already begun production of compliant models [6][12] - The market is shifting from price competition to a value-based competition centered on technology, safety, and intelligence [15] Market Dynamics - The demand for electric bicycles is expected to rise due to increased consumer awareness of safety features and the availability of government subsidies [13][14] - The industry is experiencing a significant transformation, with a focus on smart features and enhanced safety measures, which are becoming key selling points for consumers [12][15] - Companies like Aima and Ninebot are expanding their product lines to include a variety of models that cater to different consumer needs, indicating a strategic response to the new market conditions [7][14]

截至月份: 2025年11月30日 狀態: 新提交 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 雅迪集團控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01585 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 USD | | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 USD | ...

Core Viewpoint - The implementation of the new national standard for electric bicycles (GB 17761—2024) marks a significant safety upgrade for the industry, setting higher technical requirements and driving transformation [1][5]. Industry Overview - The new national standard establishes clear safety thresholds for the electric bicycle industry, enhancing safety measures across various dimensions, including fire resistance of non-metal materials, limiting plastic usage, improving anti-tampering technology, and enhancing braking performance [5][8]. Company Actions - Yadea, as a leading enterprise, has taken proactive measures to comply with the new standards, showcasing its commitment to industry responsibility and safety through upgrades in critical safety components such as plastic parts, wiring harnesses, and battery boxes [8][9]. - Yadea ceased production of old standard vehicles in August 2023, fully transitioning to manufacturing new standard models, demonstrating strategic execution as a market leader [9][10]. Market Performance - Yadea's actions have translated into robust financial performance, achieving a revenue of 19.186 billion yuan in the first half of 2025, reflecting a year-on-year growth of 33.1% during a critical policy transition phase [12]. Innovation and Development - Yadea is focusing on innovation-driven development, with initiatives spanning technology, product upgrades, and market expansion to support the effective implementation of the new standards [15]. - The company has developed a sodium-ion battery-based "Hua Yu Extreme Sodium Supercharging Ecosystem," significantly enhancing energy experiences for short-distance travel [18]. Global Reach - Yadea has established a strong global presence, exporting products to over 100 countries and regions, earning the trust of over 100 million users, and maintaining the title of the world's top seller for eight consecutive years [21]. - The establishment of ten smart R&D bases worldwide, including locations in China, Vietnam, Indonesia, Thailand, and Mexico, reinforces Yadea's leading position in the short-distance travel sector [21].