Low Speed Electric Vehicle Market Research Report and Trends Forecast Low-speed Electric Vehicle Industry: 2017 Market | Page 2

Low-speed Electric Vehicle Market: 2017 China Industry
Trend, Profit, and Key Manufacturers Analysis Report
Introduction:
Despite absence of industry standards and of the basis for running on the road, Low-Speed Electric
Vehicle (LSEV) still enjoys a huge market in rural and periurban areas because of mobility and low use
costs. It takes less than a decade for the LSEV industry in China to grow from infancy and take shape.
The Standardization Administration of the People’s Republic of China showed the intention to adopt
stricter standards and meanwhile the State Council defined the guideline of “upgrading a batch,
regulating a batch, and eliminating a batch” last year. Even so, LSEV output still soared from 688,000
units in 2015 to 1.232 million units in 2016, an upsurge of 79.1% year on year.
Low Speed E lectric Vehicle Manufacturers: AIMA, Yadea, BYVIN, SUNRA, Jinpeng, Jinpeng, Shifeng
Group, Tokng, Fulu Vehicle, Dojo, Baoya, LEVDEO, Lichi, Rainchst, Xinyuzhou (Yudea Group), KANDI.
BYVIN, YOGOMO, and DOJO are the top3 players in the LSEV market. BYVIN, as a market bellwether, is
the first enterprise with annual output of more than 150,000 units by adopting multi-brand (including
LEVDEO) strategy to expand its market share in all market segments; YOGOMO, the largest LSEV
enterprise in Hebei province, boasts four brands (YOGOMO, CYAHOR, YGM, and LaVie) and produces
about 110,000 units annually; DOJO, the largest LSEV maker in Jiangsu province, put its Gaoyou base
(with capacity of 230,000 units/a) into production in May 2017, and ranked third with output of
90,000 units last year.