BUSINESS China's E-bike output on fast growth track

BUSINESS

China's E-bike output on fast growth track

Xinhua

15:17, December 14, 2019

BEIJING, Dec. 14 (Xinhua) -- China reported double-digit growth in the output of electric bicycles (E-bike) as more consumers opt for the convenient means of transport.

A total of 2.319 million E-bikes were produced in October, up 17.7 percent year on year, data from the Ministry of Industry and Information Technology (MIIT) showed.

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Photo: Xinhua

In the first 10 months of 2019, E-bike output gained 19.9 percent to nearly 23 million.

Production of ordinary two-pedal bicycles fell 15.3 percent in October and 8.5 percent during the January-October period, MIIT data showed.

The E-bike sector raked in profits worth 2.34 billion yuan (about 335 million U.S. dollars) from January to October, up 15.2 percent year on year.

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