energy monster(US:EM) Zheng Quan Shi Bao·2025-10-30 22:23Core Viewpoint - The Chengdu Consumer Rights Protection Committee and other local authorities have established a self-regulatory convention for the shared power bank industry to address issues such as unclear pricing, difficulties in returning devices, and outdated equipment [1][2]. Group 1: Self-Regulatory Convention Details - The self-regulatory convention aims to eliminate "ambiguous charging" by requiring companies to clearly display pricing, billing methods, cap prices, and deposit policies [2]. - It mandates a minimum of 5 minutes of free usage time and compresses billing time units to within 15 minutes, starting charges only after the free period [2]. - The convention ensures that power banks provided have at least 50% battery life and requires prior notification if this standard cannot be met [2]. - It prohibits "unfair clauses" that may reduce company liability or increase consumer obligations [2]. - The convention includes provisions for ensuring sufficient cabinet space for returns and waiving fees in cases of equipment failure or force majeure [2]. - It emphasizes the importance of product quality, requiring sampling tests before products are released to the market [2]. Group 2: Market Coverage and Impact - The companies signing the convention cover over 95% of operational points in Chengdu, and they will update software functionalities and adjust pricing accordingly [3]. - The Chengdu Consumer Rights Protection Committee plans to conduct consumer evaluations and monitor the implementation of the self-regulatory convention [3]. - The shared power bank industry in China is transitioning from rapid growth to a phase of stock competition and refined operations, facing challenges in compliance costs and user experience optimization [3]. Group 3: Market Size and Trends - The shared power bank market in China is projected to reach approximately 15 billion yuan in 2024, with a year-on-year growth of 28% expected to exceed 38 billion yuan in 2025 [4]. - The user base is anticipated to surpass 500 million, with daily usage frequency exceeding 120 million times [4]. - The market is expanding from traditional sectors like dining and transportation to vertical fields such as tourism and rural markets, with a 42% increase in coverage in third and fourth-tier cities [4]. - The competitive landscape is characterized by four leading companies dominating the market, while smaller firms adopt differentiated strategies for survival [4]. - Major players like Monster Charging and Street Power are forming strategic partnerships to enhance user experience and operational efficiency [4].