electric bike (ebike for short), also known as electric bicycle, electric bicycle, is a kind of light transport with battery as the main energy. On the basis of the ordinary bicycle, it is equipped with motor, controller, battery, switch gate and other control parts and display instrument system.

Europe: Currently, Europe is the largest market for E-bike. In 2021, the annual sales volume of ebike will reach 5 million units, which has already surpassed the annual sales volume of electric and hybrid cars, and is on its way to surpassing the overall sales volume of automobiles. In Germany, the Netherlands and other European countries, E-bike has increased by more than 30% in the past two years, and E-bike in the Netherlands has occupied 40% of the bicycle market share.

Us: Ebike turned on the boom after the pandemic. According to the Light Electric Vehicle Association (LEVA), the U.S. imported more than 790,000 ebikes in 2021, a 70% increase from the 463,000 in 2020. By comparison, Americans will buy 652,000 electric and hybrid vehicles in 2021.