Low Speed Electric Vehicle Survival Status May Change!

- Nov 27, 2020-

In recent years, low-speed electric vehicles are expanding at an unimaginable speed in third-tier and fourth-tier cities, becoming a real market "rigid demand".The development of low-speed electric vehicle industry is in round after round of strict management, the scale of rapid expansion. This is enough to show that it is people's huge travel demand reflected in the market, driving the market boom. With the development of urbanization, China has a huge population of 600 million people living in towns and townships from the third and fourth tier. The development of the whole industry has just begun, with huge potential. The number of low-speed electric vehicles is increasing year by year, and the burden on the road and traffic will also increase day by day.

It is time to test the wisdom of management on how to solve the contradiction between the convenience of people to travel and the shortage of road resources. In fact, in 2015, the Ministry of Industry and Information Technology, The Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Public Security and the Ministry of Transport have submitted the "Request for Instructions on Issues related to the Management of Low-Speed Electric Vehicles", putting forward the idea of "upgrading one batch, standardizing another batch and eliminating another batch". With the intensification of competition, the electric vehicle industry has indeed begun to upgrade and the brand concentration degree has been strengthened.

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It is foreseeable that the future of low-speed electric vehicles will move towards standardization, standardization, and in the product quality of high-speed cars closer. In addition, with the upward development of low-speed vehicles and the reduction of cost of passenger vehicles, there is bound to be overlapping market space between the two, which is both an opportunity and a challenge for low-speed vehicle enterprises.

_20201127104218In short, the introduction of national standards for low-speed vehicles will not only standardize the industry of low-speed vehicles, but also further accelerate the upgrading of competition among enterprises of low-speed electric vehicles and the supply chain. Enterprises that fail to make achievements in quality, scale, brand and channel will face the risk of elimination. Now the day sunshine can achieve a good sales volume and its product itself performance, quality and service inseparable. At the same time, sunshine has been constantly expanding and improving the industry chain of low-speed electric vehicles, promoting the development of low-speed electric vehicles, so that low-speed electric vehicles become a real "national car" for the people of all walks of life to bring convenience!

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