Li-ion battery and e-bike industry: a symphony of technological innovation and market transformation

As a core component of New Energy vehicles and energy storage systems, lithium battery technology innovation has always been the driving force for the development of the industry. In recent years, with the increase in global demand for green energy, the lithium battery industry is experiencing rapid technological iteration and industrial upgrading.

In the domestic market, lithium battery companies are increasing R&D investment and promoting technological innovation. According to the latest data, in January 2025, China's battery companies lined up a year-on-year growth of more than 110%, of which lithium battery production dominated. This growth not only reflects the strong demand in the domestic market, but also reflects the outstanding achievements of lithium battery enterprises in technological innovation.

In the international market, Chinese lithium battery enterprises are actively “going to sea” to expand the global market. For example, Ningde Times and Stellantis set up a joint venture company in Spain to build a joint venture battery factory, which marks the influence and competitiveness of China's lithium battery enterprises in the global market continues to improve.

Technological innovation is a key factor driving the development of the lithium battery industry. In recent years, breakthroughs in emerging technologies such as solid-state batteries have brought new and broad growth space for the lithium battery industry. Solid-state batteries have the advantages of high energy density and high safety, and are expected to gradually replace the traditional liquid batteries in the future, and promote the upgrading of the lithium material system. It is predicted that by 2027, the output of all-solid-state batteries will reach the order of gigawatt hours, injecting new vitality into the lithium battery industry.

The electric bicycle industry has also ushered in new development opportunities in 2024. According to the analysis of Forward looking Industry Research Institute, the global electric bicycle market is expected to achieve a compound annual growth rate of 6.78% from 2023 to 2028, while the size of China's electric bicycle market is expected to grow from 17.2 billion US dollars to 24.2 billion US dollars. This growth is mainly due to the development of instant delivery services, rapidly growing travel demand, and the increase in exports of electric bicycles to countries in Asia, Africa, and Latin America.

As one of the important scenarios for the application of lithium batteries, the market demand for electric bicycles continues to grow. According to Liu Suwen, Chairman of the China Bicycle Association, by the end of 2024, the social ownership of electric bicycles in China will reach 400 million, of which the ownership of lithium battery electric bicycles will exceed 50 million. This data highlights the enormous market potential of the electric bicycle industry.

In the international market, the electric bicycle industry is also facing new development opportunities. With the increasing emphasis on green transportation worldwide, electric bicycles are becoming more and more popular as low-carbon and environmentally friendly modes of transportation in more and more countries.

In terms of technological innovation, the electric bicycle industry is rapidly developing towards lightweight, platformization, intelligence, and personalization.

As the core component of electric bicycles, the development of lithium batteries has a profound impact on the electric bicycle industry. With the continuous advancement of lithium battery technology, the range and performance of electric bicycles have been significantly improved.

The coordinated development of lithium batteries and the electric bicycle industry is becoming an important force in promoting green travel. On the one hand, the continuous innovation of lithium battery technology provides a more efficient and safe power source for electric bicycles; On the other hand, the rapid growth of the electric bicycle market has also brought huge market demand to the lithium battery industry.

In the future, with the increasing global demand for green energy, the lithium battery and electric bicycle industries will continue to maintain close cooperation and jointly promote the development of green travel. At the same time, the government and enterprises will also increase investment to promote technological innovation and industrial upgrading, contributing to the sustainable development of the industry.