Core Viewpoint - The article highlights the growing market for electric two-wheelers in China, particularly focusing on the increasing adoption of lithium battery technology, which is expected to rise significantly in the coming years [2][4]. Market Overview - By the end of 2024, the social ownership of electric two-wheelers in China is projected to reach approximately 425 million units, with lithium battery two-wheelers accounting for about 10% of this total [2]. - The sales of electric two-wheelers in China for 2024 are estimated to be around 50 million units, with lithium battery vehicles expected to comprise 30%-40% of these sales [2]. Regulatory Impact - The implementation of new national standards is anticipated to further boost the sales of lithium battery two-wheelers in 2025, while the introduction of the "National Strong Standard" for lithium batteries will enhance safety requirements and accelerate the elimination of inferior products [2]. Consumer Demand - Market research indicates that nearly 50% of consumers still prefer lead-acid batteries, emphasizing the importance of safety in their choices. Additionally, over 90% of consumers require a range of more than 50 km for battery life [5]. Battery Technology Landscape - The current battery systems used in electric two-wheelers include lead-acid, lithium iron phosphate, and lithium manganese oxide batteries, with a gradual decline in the share of ternary lithium-ion batteries and sodium-ion batteries still in the early application stage [6]. Battery Packaging and Performance - Various packaging forms such as square, cylindrical, and soft-pack batteries are utilized in the two-wheeler sector, with cylindrical batteries, particularly large cylindrical batteries, becoming the fastest penetrating application scenario. The shipment of large cylindrical batteries in the two-wheeler sector is expected to grow by 150% year-on-year, reaching 2.5 GWh in 2024 [7]. Advantages of Large Cylindrical Batteries - Large cylindrical batteries, primarily using lithium iron phosphate systems, offer several advantages including high safety, lower costs, long endurance, long lifespan, and excellent discharge performance [11][12]. - The energy density of these batteries ranges from 150-180 Wh/kg, with a cycle life of 2000 to 5000 times and a usage lifespan of 5 to 10 years [12]. Product Development - Companies are focusing on enhancing product performance while optimizing supply chains to improve cost-effectiveness and competitiveness in the market. For instance, Chuangming New Energy has launched multiple models of large cylindrical batteries tailored to meet diverse industry needs [14][15]. Safety Features - Chuangming's lightweight power products include comprehensive safety protections against overcharging, over-discharging, over-voltage, under-voltage, over-current, short-circuit, high temperature, and low temperature, ensuring user safety [18]. Market Expansion - As the domestic two-wheeler market approaches saturation, companies are shifting their focus to overseas markets in Southeast Asia and Africa, with Chuangming New Energy actively pursuing international expansion [19][20]. - The company has initiated the production of its first batch of battery products for export, targeting potential markets in Europe, Southeast Asia, India, and Africa [20]. Production Capacity - Chuangming's production lines are designed to accommodate various battery systems, with an expected annual capacity of 5 GWh upon full production, and a total capacity of 10 GWh once all lines are operational [20].