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Driven by the era background of "high-quality development" and the demand for consumer upgrades, two-wheeled electric vehicles are moving towards personalized, intelligent, and high-quality development, and the development of the industry ushers in new opportunities.

(1) Market competition pattern: According to the China Bicycle Association, the number of two-wheeled electric vehicles in China will be about 0.32 billion in 2020, and the market production and sales in 2020 will be 51 million and 47.6 million respectively, with a production and sales ratio of 93.3. From January to June 2021, the output of enterprises above designated size of electric bicycles was 16.202 million, a year-on-year increase of 33.6. While the number of products is increasing, the quality of products is controlled. The future development trend of the industry is also facing challenges.