Core Insights - The implementation of the new national standard GB 17761-2024 for electric bicycles has raised concerns regarding product quality and safety, as the total number of electric bicycles in China exceeds 380 million [1][3]. Industry Transition - The new standard, effective from September 1, 2023, limits the maximum design speed of electric bicycles to 25 km/h and introduces an "over-speed power cut-off" feature [3][9]. - The weight limit for electric bicycles using lead-acid batteries has increased from 55 kg to 63 kg, enhancing their practicality and range [3]. - The transition period has led to a surge in sales of old standard models, with some consumers rushing to purchase before the new models are available [3][4]. Market Dynamics - Sales personnel from various brands, including Yadea and Aima, report that old standard models are still being sold, with new models expected to be available in December [4][5]. - Price increases for old standard models have been observed, ranging from 200 to 600 yuan, as the deadline approaches [4][5]. - The market is currently characterized as a "seller's market," with consumers eager to buy before the new regulations take effect [5][6]. Consumer Preferences - Despite the new standard's enhanced safety features, some consumers prefer old standard models due to their performance and cost-effectiveness [7][9]. - The new standard's speed limitations have led to a shift in consumer preferences, with some opting for old models that do not have the same restrictions [7][9]. Industry Restructuring - The new standard is expected to accelerate industry consolidation, as smaller companies may struggle to meet the higher compliance costs and technical requirements [10]. - Leading companies like Yadea, Aima, and Niu have already begun producing models that comply with the new standard, while smaller firms may face delays in adapting their production lines [9][10]. - The industry is entering a phase characterized by stricter regulations and a focus on technological innovation, shifting the growth narrative from policy-driven to technology-driven [10].

Core Insights - The prices of old national standard electric bicycles are rising as the transition period to the new national standard approaches, with some models increasing by 100 to 300 yuan [1][2][4] - There is a significant scarcity of old national standard models in the market, as manufacturers have ceased production of these models since September 1, 2023, leading to a rush among consumers to purchase remaining stock before the new regulations take effect [2][3][5] - New national standard models are largely absent from the market, with manufacturers possibly controlling the release schedule to avoid impacting sales of existing old standard inventory [4][5] Industry Dynamics - The new national standard, effective December 1, 2025, imposes stricter safety and performance requirements, which presents both challenges and opportunities for manufacturers [6][7] - Companies are required to redesign products, upgrade production lines, and adapt supply chains to meet the new regulations, which may strain their operational capabilities [6] - Some brands, such as Ninebot, Green Source, and Tailin, have already developed models that comply with the new standards, with plans to launch these products starting in December 2023 [7]