Organizational Support to E2Ws Industry Boosting Growth in the E2Ws Market in China: Technavio Report

Renewable energy

 

  • The key vendors in the E2Ws Market in China 2015-2019 are Jiangsu Xinri E-Vehicle, Yadea Technology Group and Zhejiang Luyuan Electric Vehicle.

London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the E2Ws Market in China 2015-2019.   Improvement in battery technology is one of the most important factors contributing to the growth of the E2Ws market in China because E2Ws are powered and driven by battery-powered systems. Several improvements have been made in the battery technology of E2Ws, which are expected to contribute to the increased sales in the market. The E2Ws market in China is expected to post a CAGR of 8.26 percent during the period 2014-2019.

“There has been an increase in the number of associations and organizations working for or supporting the E2Ws industry,” says Faisal Ghaus, Vice President of TechNavio Research.

“Other organizations such as the EVAAP, which covers the APAC region, also works to help the E2Ws industry and represents the manufacturers, dealers, retailers, and distributors of E2Ws to promote the development, sale, and use of electric vehicles.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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