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].