China’s electric bike industry has shrunk for the first time in 15 years, with a large number of manufacturers having lost ground to the market’s big players.
A production drop of 1.98 per cent during the first half of 2014 stands in stark contrast against the average 30 per cent growth enjoyed in recent years.
From a high of around 2,000 manufacturers slicing up the pie, around 700 enjoy the spoils today, with the market’s larger players having gradually taken more and more share. Just 393 of those have an annual turnover north of €3 million.
China’s Bicycle Association now reports that the top ten e-bike firms account for some 47 per cent of the total production in 2014.
Read more over on BikeEU here.
China is also set to gain more leverage on anti dumping arguements as od December next year. When China joined the World Trade Organisation in 2001, the territory was promised that it would be treated as a ‘market economy’ after 15 yeras of membership.
Dumping complaints in the past have centred around claims and calculations put forward by the country on the receiving end of the goods. From December next year, China will insist that claims be made on a comparison with domestic prices.
In September alone, 22 export categories were subject to EU anti dumping actions, accroding to the WTO.