Core Viewpoint - The new national standard for electric bicycles (GB 17761-2024) imposes strict speed limits and design requirements, fundamentally changing the landscape of the electric bicycle industry in China, particularly affecting the production and sales of two-wheeled electric vehicles [2][8][14]. Group 1: Regulatory Changes - The new standard limits the maximum speed of electric bicycles to 25 km/h and introduces an "over-speed power cut" mechanism to prevent exceeding this limit [2][8]. - Manufacturers are prohibited from including modification interfaces for speed control, effectively eliminating the possibility of illegal speed enhancements [2][8]. - The transition period for manufacturers to comply with the new standard extends until September 1, 2025, after which only vehicles meeting the new requirements can be sold [11]. Group 2: Historical Context - The development of electric bicycles in China began in 1995, with significant growth following the implementation of "motorcycle bans" in various regions starting in 2001 [3][4]. - By 2013, the production of electric bicycles had surged to 36.1 million units, reflecting a compound annual growth rate (CAGR) of over 20% [4]. Group 3: Market Impact - The new regulations are expected to lead to a price increase for electric bicycles, with entry-level models projected to rise by 20%-25% due to higher production costs associated with new safety and design requirements [14][16]. - The demand for electric bicycles among delivery personnel is significant, with over 10 million delivery riders in China relying on these vehicles for their work [12]. Group 4: Safety and Compliance - The new standard mandates that electric bicycles must meet enhanced fire safety standards, including restrictions on the use of non-metal materials and the installation of anti-tampering devices [11][14]. - The World Health Organization has indicated a direct correlation between speed and the severity of traffic accidents, emphasizing the need for these regulatory changes to improve safety [7][8]. Group 5: Transition Strategies - Local governments are implementing financial incentives and support measures to facilitate the replacement of old electric bicycles with new models that comply with the new standards [10][17]. - The industry is witnessing a rapid increase in the replacement of old models, with significant monthly growth in the number of exchanges reported [17].