Core Viewpoint - The newly revised "Electric Bicycle Safety Technical Specification" (GB 17761—2024) officially implemented on September 1, 2024, prohibits the production of non-compliant electric bicycles and introduces key adjustments to speed limits and material usage, with a transition period of three months for old and new standard models [1][2] Group 1 - The new standard increases the total weight limit for lead-acid battery models from 55 kg to 63 kg, enhancing the range capability [1] - The proportion of plastic materials in the entire vehicle must not exceed 5.5%, and the fire resistance of critical components like the battery compartment is improved to reduce fire risks [1] - The new regulations include requirements to prevent unauthorized modifications, such as automatic power cut-off if the speed exceeds 25 km/h, to avoid accidents caused by illegal alterations [1] Group 2 - The new standard allows for the removal of mandatory pedal installation, while optional features like reflective mirrors can be added [1] - The inclusion of a Beidou positioning system is mandatory for commercial electric bicycles, enabling real-time transmission of location and speed information to ensure operational safety [1] - As of September 9, 2024, many stores in Xi'an are still selling old standard models, indicating a need for inventory clearance during the three-month transition period [1][2] Group 3 - After December 1, 2024, only new standard bicycles will be sold, and there is no mandatory elimination of previously purchased old standard models [2] - Consumers are advised to verify product information against the certificate of conformity and ensure the presence of a physical switch for the Beidou module when purchasing new standard bicycles [2] - The province has initiated multiple support measures, including training for sales companies and regulatory personnel, to ensure compliance with the new standards and enhance consumer safety awareness [2]

Core Viewpoint - The new national standard for electric bicycles, effective from September 1, imposes a speed limit of 25 km/h, impacting approximately 350 million users nationwide. This regulation aims to enhance safety by preventing modifications that allow for higher speeds [1][2]. Summary by Sections Speed Limitation and Safety - The new standard includes a technical measure that automatically cuts power to electric bicycles exceeding the speed limit, effectively acting as an "electronic police" [1]. - The delivery industry, particularly food delivery and logistics, will face challenges as over 13 million riders rely on speed for income, with nearly half of traffic violations in this sector being speed-related [1]. Additional Changes in the New Standard - The new regulations eliminate the mandatory installation of pedals, increase the weight limit for lead-acid battery models from 55 kg to 63 kg, and require the installation of BeiDou positioning systems for vehicles used in urban logistics and commercial rentals [2]. - Existing electric bicycles will not be forced off the road, allowing for a gradual transition as the market adapts to the new standards [2]. Industry Impact and Market Dynamics - The new standard raises the safety threshold for the electric bicycle industry, modifying nearly 200 key indicators, with production costs expected to rise by 600-900 yuan [2]. - Major manufacturers with strong R&D capabilities will likely benefit, while smaller companies may struggle to meet the new requirements, potentially leading to industry consolidation [2]. - Financial forecasts suggest a significant gap in industry output, estimated between 2.52 million to 3.24 million units, creating opportunities for leading brands to capture market share [2]. Shift in Industry Focus - The new regulations signify a shift from quantity-driven growth to a focus on quality, safety, and brand value in the electric bicycle market [3]. - The full impact of the new standard will take time to assess, as the average lifespan of electric bicycles is around 13 years, indicating a prolonged transition period [3].

Core Viewpoint - The implementation of the new national standard for electric bicycles on September 1, 2025, has led to a surge in sales and price increases across various brands in Beijing, with many products seeing price hikes ranging from tens to 400 yuan [2][3][4]. Group 1: Market Response - Following the new regulations, electric bicycle brands have adjusted their prices, with most brands experiencing price increases, while some, like Yadi and Tailin, have yet to raise prices but plan to do so soon [2][4]. - The new standard mandates that new electric bicycles must have strict speed limit features, which has resulted in a rush to purchase older models before they are phased out [2][3][6]. - Sales personnel report that the demand for electric bicycles has surged, with some stores experiencing busy sales periods and quick turnover of inventory [3][4]. Group 2: New National Standard Details - The new national standard includes significant safety upgrades, such as an automatic power cut-off when speeds exceed 25 km/h, and enhanced anti-tampering requirements for battery packs and controllers [5][6]. - The standard also allows for a weight increase for lead-acid batteries from 55 kg to 63 kg, and it introduces a three-month transition period for selling older models that comply with the previous standards [6][7]. - The new regulations aim to improve road safety and industry management, with stricter enforcement expected compared to previous standards [7][8]. Group 3: Consumer Behavior and Market Dynamics - Consumers are motivated to purchase electric bicycles quickly due to concerns about future speed limitations and the potential for price increases [3][4]. - There is a notable demand among delivery personnel for faster electric bicycles, which may challenge the enforcement of the new speed regulations [6][8]. - The market may need to adapt by optimizing delivery algorithms and ensuring compliance with the new regulations to meet consumer needs while maintaining safety [8].

Core Viewpoint - The new national standard for electric bicycles, effective from September 1, imposes a speed limit of 25 km/h, impacting approximately 350 million users nationwide [1][2]. Group 1: New Regulations - The new standard, titled "Safety Technical Specifications for Electric Bicycles," mandates that any electric bicycle exceeding 25 km/h will automatically cut power, effectively eliminating the possibility of speed modifications [1]. - The new regulations also include the removal of mandatory pedal installation, an increase in the weight limit for lead-acid battery models from 55 kg to 63 kg, and the requirement for vehicles used in urban logistics and commercial rentals to have BeiDou positioning systems [2]. Group 2: Impact on Industry - The implementation of the new standard is expected to reshape the electric bicycle industry, establishing a higher safety threshold and modifying nearly 200 key indicators, with production costs anticipated to rise by 600 to 900 yuan [2]. - The new regulations may accelerate the exit of smaller companies unable to bear the costs of technological upgrades, while larger firms with strong R&D capabilities and supply chain advantages are likely to thrive [2]. - Financial forecasts suggest that the new standard could create a production gap of 2.52 million to 3.24 million units, providing growth opportunities for leading brands [2]. Group 3: Industry Evolution - The new standard signifies a shift from a low-quality, low-price competition model to a focus on quality, safety, and brand value, marking a transition from quantity growth to quality breakthroughs in the industry [3]. - Experts indicate that the complete phase-out of older models compliant with the previous standard will take time, given the average lifespan of electric bicycles is up to 13 years, but the new regulations represent a positive step forward [3].

Group 1 - The new national standard for electric bicycles was officially implemented on September 1, and current sales are still based on the old standard, with no new models available yet [1][3] - The new regulations include stricter requirements for battery packs, controllers, and speed limiters, making it difficult to modify or exceed the speed limit of 25 km/h for new models [1][3] - The transition period allows old standard vehicles to be sold until November 30, 2025, creating a dual market of old and new models, which may lead to increased industry differentiation [3][4] Group 2 - The new standard is expected to increase production costs, with estimates suggesting that the price of electric bicycles may rise by 600 to 700 yuan, making it harder to find models priced around 1,000 yuan [3] - Companies with strong innovation capabilities may find new growth opportunities under the new regulations, while those unable to adapt may face increased competitive pressure [4] - Different manufacturers are adjusting to the new standards at varying paces, with leading companies like Aima Technology and New Day already optimizing their production lines, while some smaller firms are struggling and facing production halts [3][4]

Core Viewpoint - The implementation of the new national standard for electric bicycles (GB 17761—2024) introduces higher safety requirements and opportunities for industry integration and technological upgrades, despite short-term challenges in pricing and design [1][23]. Industry Impact - The new standard requires a mandatory power cut-off mechanism and a "three-in-one" anti-tampering design for battery packs, controllers, and speed limiters, enhancing safety and reducing modification risks [1][21]. - The new regulations impose a hard limit on the total weight of plastic components in electric bicycles, which must not exceed 5.5% of the total vehicle weight, aiming to lower fire risks [1][21]. - The transition period allows for the sale of old standard vehicles until the end of 2025, but many companies are preparing to launch new standard models by November or December 2023 [17][23]. Consumer Insights - Consumers are primarily concerned about the pricing and safety features of new standard electric bicycles, with expectations that prices will start at around 3000 yuan, significantly higher than old standard models [4][9]. - The new models are expected to have a simpler design and may utilize materials like magnesium-aluminum alloy, which could further increase costs but enhance safety [13][21]. Company Strategies - Companies like Nine and Xiaoniu are focusing on technological innovation and strategic partnerships to enhance their product offerings and meet the new standards [18][19]. - Nine plans to gradually phase out old standard models and has established a comprehensive anti-tampering technology system to comply with the new regulations [17][19]. - Xiaoniu is investing in battery technology and smart features to align with the new safety and intelligence requirements, aiming to maintain a competitive edge in the market [18][19]. Market Dynamics - The new standard is expected to lead to a market reshuffle, with smaller companies that cannot meet the new production requirements likely to exit the market, thereby increasing market share for larger, more capable manufacturers [23]. - The increased costs associated with compliance, such as mandatory 4G and Beidou modules, will likely be passed on to consumers, affecting pricing strategies across the industry [23].

Core Points - The new national standard for electric bicycles (GB 17761—2024) was officially implemented on September 1, 2024, introducing stricter technical requirements in areas such as fire resistance, plastic composition, anti-tampering, and braking performance [1] - The transition period allows for the sale of old standard vehicles until November 30, 2024, after which only new standard electric bicycles will be permitted for sale [1] - Many stores in Beijing are still selling old standard bicycles, as new standard models have not yet arrived [1] - Companies are preparing to recycle unsold old standard vehicles after the transition period to ensure a smooth switch to new models [3] Market Dynamics - The production cost of electric bicycles is expected to increase by 600 to 900 yuan due to the new technical requirements, which may lead to higher retail prices [7] - Consumers are concerned about the potential price increase of new standard electric bicycles [7] - The new standard emphasizes battery safety, prompting companies to accelerate technological advancements in battery management systems and overall product performance [9] Consumer Policies - The "old-for-new" policy will be implemented to encourage consumers to upgrade their old electric bicycles, with specific subsidy schemes announced in various regions [3][5] - In Shenzhen, consumers can receive a subsidy of 500 yuan when trading in an old electric bicycle for a new one priced at 1500 yuan or more, valid from January 1, 2025, to December 31, 2025 [6]

新华网北京9月4日电（记者 游苏杭 陈凯茵 闫雨昕）9月1日，强制性国家标准《电动自行车安全技术规范》（GB 17761—2024）（以下简称新国标）在 全国正式实施。 相较于此前版本，新国标在车辆防火阻燃、塑料占比、防篡改、制动性能等关键领域提出了更严格的技术要求。 新国标后，"旧车"（非"新国标车"）还能正常上路吗？"新国标车"价格会更贵吗？ "新国标车"到货了吗？ 近日，记者走访北京市多家电动自行车销售门店发现，新旧政策交替下销售热潮显现，有不少前来咨询购买"小电驴"的消费者。 此次新国标明确了两个关键时间节点，分别对应生产与销售环节：9月1日起，企业新生产的电动自行车必须完全符合新国标要求；而8月31日前按旧标 准生产的车辆，仍可延续销售至11月30日，自12月1日起，市面上将仅允许销售新国标电动自行车。 2025年3月28日，天津市北辰区居民在活动现场选购电动自行车。新华社记者 李然 摄 以浙江为例，根据《2025年浙江省推动大规模设备更新和消费品以旧换新实施方案》，对个人消费者交售用于报废的老旧电动自行车并换购合格新车 的，按照新车销售价格的40%给予补贴，最高不超过1200元/辆，每名消费者可补 ...

1. Report Industry Investment Rating - The investment rating for the lead industry is neutral [4] 2. Report's Core View - The lead market currently shows a pattern of weak supply and demand. The supply side is affected by the continuous decline in TC prices and an increase in smelter maintenance. On the demand side, dealers' inventory reduction is slow, and their procurement willingness is low, with some enterprises accumulating finished - product inventory. With the upcoming implementation of the new national standard for electric bicycles in September and the Middle East tariff policy, the impact on consumption is uncertain. Therefore, the lead price is expected to remain in a volatile pattern, with the volatility range likely between 16,300 yuan/ton and 17,050 yuan/ton [4] 3. Summary by Related Catalogs Market News and Important Data Spot - On December 19, 2024, the LME lead spot premium was -$31.73/ton. The SMM1 lead ingot spot price remained unchanged at 16,700 yuan/ton compared to the previous trading day. The SMM Shanghai lead spot premium changed by -50 yuan/ton to 50.00 yuan/ton. The SMM Guangdong lead price remained unchanged at 16,950 yuan/ton, the SMM Henan lead price changed by -75 yuan/ton to 16,725 yuan/ton, and the SMM Tianjin lead spot premium changed by -25 yuan/ton to 16,650 yuan/ton. The lead concentrate - scrap price difference remained unchanged at 50 yuan/ton. The price of waste electric vehicle batteries changed by -50 yuan/ton to 9,925 yuan/ton, the price of waste white - shell batteries changed by -50 yuan/ton to 9,525 yuan/ton, and the price of waste black - shell batteries changed by -50 yuan/ton to 9,975 yuan/ton [1] Futures - On December 19, 2024, the main contract of Shanghai lead opened at 16,795 yuan/ton, closed at 16,730 yuan/ton, unchanged from the previous trading day. The trading volume was 28,827 lots, a decrease of 11,102 lots from the previous trading day, and the position was 43,709 lots, a decrease of 3,629 lots. The intraday price fluctuated, with a high of 16,810 yuan/ton and a low of 16,660 yuan/ton. In the night session, the main contract of Shanghai lead opened at 16,865 yuan/ton and closed at 16,860 yuan/ton, a decrease of 5 yuan/ton from the afternoon close. According to SMM, the SMM1 lead price rose by 25 yuan/ton compared to the previous trading day. In the Henan region, holders quoted at par with the SMM1 lead average price or at a discount of 140 - 120 yuan/ton to the SHFE 2510 contract. In the Hunan region, most lead smelters quoted at a discount of 50 - 30 yuan/ton to the SMM1 lead, and some holders quoted at a discount of 160 - 150 yuan/ton to the SHFE 2510 contract. In the Yunnan region, holders quoted at a discount of over 200 yuan/ton to the SMM1 lead. Although the lead futures price strengthened slightly, downstream buyers mainly made purchases based on rigid demand, and the overall trading in the spot market was weak [2] Inventory - On December 19, 2024, the total SMM lead ingot inventory was 48,000 tons, a decrease of 4,600 tons compared to the same period last week. As of September 3, the LME lead inventory was 234,700 tons, unchanged from the previous trading day [3] Strategy - The recommended option strategy is to sell a wide - straddle [4]

一家门店的店主称"你要是想买速度快的，就得现在买。12月1日之后我们就只能卖新车了，不好解限速了。" 电动自行车新国标已于9月1日正式实施，但北京日报记者走访多家电动自行车门店发现，目前售卖的电动自行车，都是库存的"老标准"电动自行车，暂时 还没有新车上市。 "我们商家有三个月的过渡期，店里这些车可以卖到11月30日，之后就不让卖了。"朝阳门南小街的一家电动自行车专卖店，店主林涛表示，近几天来咨询 新车的消费者不少，但门店现在还没收到消息，不知道新车多久才能上市。 "我现在买车，会不会骑几个月就不让骑了？"一位顾客问道。林涛表示，正在售卖的车，只要是在11月30日前购买的，都是可以正常上牌和骑行的，不用 担心。 电动自行车新规的调整内容很多，其中比较受关注的一项是"完善电池组、控制器、限速器的防篡改要求"。简单来说，电池组必须与充电器匹配后才能充 电，与整车匹配后才能骑行。在速度方面，依据新规生产出来的电动自行车，因为防篡改功能的存在，是无法解限速的，最大速度就是国标规定的25公 里/小时。 由于电动自行车新规对于技术防控手段的要求更加严格，解限速、改装电池等非法行为，在新车上将会更加难以实现。不法商家想要在 ...