Event Overview - The 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, in Shenzhen, marking the 10th anniversary of Qidian Lithium Battery and Qidian Research [1][4] - The theme of the event is "New Cycle, New Technology, New Ecology," focusing on discussions around new materials, processes, technologies, and the evolving industry landscape [1][4] Event Structure - The event includes a main conference and a user-side energy storage and battery technology forum, featuring various specialized sessions [1][4][6] - Key topics include advancements in cylindrical battery technology, battery innovation, new materials, and applications in energy storage [4][6][8] Key Participants - The event will host numerous industry leaders and experts, including representatives from major companies such as CATL, BYD, and BASF, among others [3][10] - Sponsorship and speaking opportunities are provided by various companies, indicating strong industry support and engagement [1][3] Awards and Recognition - The Lithium Battery Golden Ding Award aims to recognize outstanding brands and contributions to the new energy battery industry, promoting innovation and sustainable development [17] - The award ceremony will take place on December 19, 2025, during the evening banquet [18] Registration and Participation - Registration for the event is priced at 2888 RMB per person, which includes access to the conference, meals, and industry white papers [18]

Group 1 - The shared bicycle concept sector declined by 1.58%, ranking among the top declines in the concept sector, with significant drops from companies like Xinlong Health, New Day Shares, and Shanghai Phoenix [1] - Among the shared bicycle stocks, only two saw price increases, with Keli Yuan and Boshi Jie rising by 1.54% and 1.07% respectively [1] - The sector experienced a net outflow of 197 million yuan in principal funds, with eight stocks seeing net outflows, and five stocks exceeding 10 million yuan in outflows, led by Xinlong Health with a net outflow of 76.34 million yuan [2] Group 2 - The top net outflow stocks in the shared bicycle concept included Xinlong Health (-10.05%), Siwei Tuxin (-0.49%), and Zhongbei Communication (-0.13%), with respective outflows of 76.34 million yuan, 75.22 million yuan, and 22.89 million yuan [2] - Conversely, the stocks with the highest net inflows included Keli Yuan (1.54%), Hemei Group (-1.00%), and Boshi Jie (1.07%), with net inflows of 11.94 million yuan, 4.87 million yuan, and 1.45 million yuan respectively [2]

Group 1 - The new national standard for electric bicycles has been implemented since December, enforcing a speed limit of 25 km/h that cannot be unlocked [1] - Manufacturers face strict penalties for violating the new regulations, leading to the complete closure of speed unlocking channels [1] - Multiple electric bicycle brands confirm that the speed limit is secured by a triple anti-tampering mechanism, making it impossible to unlock [1] Group 2 - The new standard includes built-in Beidou positioning systems in electric bicycles to monitor speed, replacing previous brand-specific navigation systems [1] - Industry insiders indicate that consumers needing higher speeds must switch to electric motorcycles, which require a license and registration [1] - Due to price increases in electric bicycles, some users may consider directly purchasing electric motorcycles instead [1]

Core Viewpoint - The implementation of the new national standard for electric bicycles has led to a rise in prices and a shift in market dynamics, with stricter regulations affecting manufacturers and consumer choices [4][10][16]. Market Situation - The current market for new standard electric bicycles shows limited variety, with few models available and no promotional activities [11][12]. - Prices for electric bicycles have increased by approximately 200-300 yuan, with examples like the Aima "Little Golden Bean" model rising from around 2000 yuan to 2300 yuan [10][12]. - Sales performance varies by store, with some reporting normal sales while others have not sold any new standard models [12]. Speed Limit and Compliance - New standard electric bicycles cannot unlock speed limits, with a maximum speed of 25 km/h enforced through multiple anti-tampering measures [8][9]. - Manufacturers have closed loopholes for speed modification due to strict penalties, and any attempts to enhance speed would compromise compliance and registration [8][9]. Material and Design Changes - The new standard mandates reduced plastic usage, requiring manufacturers to use more aluminum and magnesium alloys, which increases production costs [10][16]. - The design changes have led to improved material quality, with many components now made from fire-retardant materials [10]. Industry Dynamics - The new standard is expected to reshape the industry, favoring larger manufacturers with better cost structures and market shares, while smaller companies may struggle to comply [16][17]. - The market may experience a cooling period followed by a resurgence as consumers adapt to the new regulations and seek compliant products [16]. Consumer Behavior - Some consumers still prefer older models due to their longer range and larger size, but these models are becoming scarce and more expensive [14][15]. - The demand for electric motorcycles may increase as consumers seeking higher speeds transition away from electric bicycles [16].

Group 1 - The shared bicycle concept sector rose by 0.81%, ranking 8th among concept sectors, with 6 stocks increasing in value, including Xilong Health which hit the daily limit, and New Day Co., Shanghai Phoenix, and Hemei Group showing gains of 5.03%, 1.18%, and 0.24% respectively [1] - The main inflow of funds into the shared bicycle concept sector was 111 million yuan, with Xilong Health receiving the highest net inflow of 111 million yuan, followed by Hemei Group, Aima Technology, and New Day Co. with net inflows of 42.13 million yuan, 7.50 million yuan, and 3.85 million yuan respectively [2][3] - The net inflow ratios for Xilong Health, Hemei Group, and Aima Technology were 52.08%, 7.54%, and 4.52% respectively, indicating strong interest from main funds [3] Group 2 - The stocks with the largest declines included Yong'an Xing, Siwei Tuxin, and Keli Yuan, which fell by 1.80%, 1.66%, and 1.65% respectively [1][4] - The trading volume and turnover rates for the stocks in the shared bicycle sector varied, with Xilong Health showing a turnover rate of 7.01% and a price increase of 9.95%, while other stocks like Shanghai Phoenix and New Day Co. had lower turnover rates of 5.06% and 5.33% respectively [3][4]

Core Insights - The shared economy sector experienced a slight increase of 0.05% on December 8, with Haima Automobile leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Shared Economy Sector Performance - The following companies in the shared economy sector showed notable performance: - China Publishing Group (000572) closed at 696, up 5.10% with a trading volume of 2.7997 million shares and a transaction value of 2.669 billion [1] - Haikou Group (603069) closed at 25.73, up 3.71% with a trading volume of 100,000 shares and a transaction value of 256 million [1] - Nanwei Software (603636) closed at 14.19, up 3.28% with a trading volume of 552,600 shares and a transaction value of 780 million [1] - Zhejiang Wenhu Internet (600986) closed at 8.97, up 3.10% with a trading volume of 514,000 shares and a transaction value of 459 million [1] - Huati Technology (603679) closed at 15.91, up 2.32% with a trading volume of 63,400 shares and a transaction value of 10.2 million [1] Capital Flow Analysis - The shared economy sector saw a net inflow of 24.7165 million from institutional investors, while retail investors contributed a net inflow of 87.4545 million [2] - The following companies had significant capital flows: - Haima Automobile (000572) had a net inflow of 89.6548 million from institutional investors [3] - Qianli Technology (601777) had a net inflow of 38.1921 million from institutional investors [3] - Nanwei Software (603636) had a net inflow of 32.6605 million from institutional investors [3]

Core Viewpoint - The implementation of the new national standard for electric bicycles, effective December 1, 2025, marks a significant regulatory shift aimed at enhancing safety and efficiency for approximately 380 million electric bicycle users in China, while also leading to increased production costs and market restructuring [3][4][19]. Regulatory Changes - The new standard limits the maximum speed of electric bicycles to 25 km/h and introduces stricter requirements for fire resistance and traceability of vehicles [3][4][6]. - Non-compliant "old standard" models will be banned from sale, pushing manufacturers to adapt quickly to the new regulations [4][19]. Impact on Users - Commuters and delivery personnel will need to adjust to the slower pace mandated by the new regulations, which may affect their efficiency [3][15]. - The new regulations are expected to increase production costs by approximately 600 to 900 yuan per unit, potentially raising the market price of many economical models previously priced under 3000 yuan [15][19]. Industry Dynamics - The transition to the new standard is anticipated to accelerate industry consolidation, as companies like Yadea, Aima, and Ninebot report significant revenue growth due to the dual stimulus of the new regulations and trade-in subsidies [14][19]. - The new regulations also include provisions for tracking and monitoring vehicles throughout their lifecycle, enhancing regulatory oversight [6][8]. Public Reaction - The introduction of the new standard has sparked widespread debate among users regarding the balance between safety and speed, with many expressing concerns about the practicality of the new speed limit [17][19]. - Discussions on social media highlight users' worries about battery safety and the overall impact of the regulations on their daily commuting experiences [17][19].

12月5日午间，雅迪电动车官方微信公众号发文表示：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，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。 公司介绍，"毛豆"新国标车型有不同版本，旨在面向不同使用场景与不同人群提供精准出行方案。目前已上市的"毛豆"新国标车型为"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。 同日（12月5日），新日股份发布声明称，新国标的实施对推动电动自行车行业发展具有重要意义。公司严格按照新国标要求，全面且细致地开展各项业 务。目前，公司已成功推出多款符合新国标要求的车型，全面覆盖用户日常出行场景。 爱玛科技12月4日表示，公司已推出符合新国标的车型，契合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等，能够很 好地满足消费者的使用需求。"下一步，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。" 九号公司 ...

Core Viewpoint - The implementation of the new national standard for electric bicycles, effective December 1, 2025, marks a significant regulatory shift affecting approximately 380 million electric bicycle owners in China, emphasizing safety and efficiency over speed [5][8][25]. Regulatory Changes - The new standard limits the maximum speed of electric bicycles to 25 km/h and introduces stricter requirements for battery safety, including flame retardancy and traceability throughout the vehicle's lifecycle [9][8]. - Key components such as non-metal materials and electrical circuits must meet enhanced fire resistance standards, and the total mass of plastic used in the bicycle must not exceed 5.5% of the total vehicle weight [9][8]. - The standard allows for a transition period, with vehicles produced under the old standard permitted to be sold until August 31, 2025, and consumers will not be forced to discard non-compliant vehicles [9][10]. Market Impact - The new regulations are expected to lead to an increase in production costs by approximately 600-900 yuan per unit, which may result in higher retail prices for electric bicycles that were previously available for under 3000 yuan [21][19]. - The dual impact of the new standard and the "old-for-new" subsidy policy is anticipated to drive rapid growth in the electric bicycle industry, with companies like Yadea, Aima, and Ninebot reporting significant revenue increases [18][19]. User Behavior and Demand - Electric bicycles are a primary mode of transportation for many, with about half of users relying on them for commuting and shopping, valuing economic efficiency, convenience, and reliability [21][25]. - The new speed limit and safety features may affect the efficiency of delivery workers and commuters, who prioritize speed and endurance in their daily operations [21][25]. Public Reaction - The introduction of the new standard has sparked widespread discussion among users, focusing on technical performance, safety concerns regarding battery reliability, and the reasonableness of the 25 km/h speed limit [23][24]. - Despite mixed opinions, the overarching sentiment acknowledges the necessity of the new regulations as a transformative step towards a safer and more regulated electric bicycle market [26][27].

新日始终将合规经营视为企业发展的基本准则。公司严格按照新国标要求，全面且细致地开展各项业 务。从产品设计、生产制造到质量检测，每一个环节都严格遵循新标准，确保产品符合规定。 人民财讯12月5日电，新日股份（603787）发布声明，近日，中国自行车协会针对近期电动自行车行业 的热点问题作出专项回应与倡议。新日对此予以高度关注，积极响应国家政策要求，以实际行动履行企 业责任。《电动自行车安全技术规范》新国标在多个关键维度进行了调整。在功能设计方面，不再强制 要求安装脚蹬，同时适当提高了整车重量与续航能力指标；在安全保障层面，强化了防火阻燃性能，缩 短了刹车距离，完善了动态安全监测等要求。新国标的实施对推动电动自行车行业发展具有重要意义。 近期，网络上出现了一些针对新国标车型的质疑，例如"不能搭载儿童""采用铁皮座椅""超速即刹 车"等，这些质疑主要源于部分公众对新标准具体条款执行情况的误读。网传新国标相关产品仅为个别 企业的特定车型，并非行业主流产品。 ...