[{"_1":2,"_82":-5,"_83":-5},"loaderData",{"_3":4,"_6":7},"root",{"_5":-5},"user","routes/tag.$slug",{"_8":9,"_71":72,"_79":74,"_80":62,"_81":63},"posts",[10],{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":22,"_23":24,"_25":26,"_27":28,"_29":30,"_31":32,"_33":34,"_35":-5,"_36":37,"_38":39,"_49":50,"_64":65,"_66":67,"_68":69,"_70":32},"documentId","s3z740l9kikjby1e2faevk6y","title","Meituan and Didi Vie for Shares of E-bike Sharing Market","slug","meituan-and-didi-vie-for-shares-of-e-bike-sharing-market","excerpt","Chinese food delivery and services platform Meituan and ride-hailing giant Didi have recently made major moves into the e-bike rental market, each placing bulk orders for electric bicycles to secure a larger share of an emerging market that promises better returns than bike-sharing.","content","\n

Chinese food delivery and services platform Meituan and ride-hailing giant Didi have recently made major moves into the e-bike rental market, each placing bulk orders for electric bicycles to secure a larger share of an emerging market that promises better returns than bike-sharing.

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In April, Meituan was reported to have placed an order for millions of e-bikes with a Tianjin and Suzhou-based manufacturers. According to estimates from media outlet Zhitong Caijing, the cost of the bikes and batteries could reach billions of yuan.

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At around the same time, the food delivery platform also bought out the design for a model named “Q8” from the Tianjin-based supplier, meaning that the supplier could no longer use the model for no-Meituan orders. Meituan has also been exploring monetization options for e-bikes, including ad placements on the bikes as well as in-app commercials, Zhitong Caijing reported.

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Ride-hailing platform Didi did not lag behind. On April 17, the company announced a plan to boost the number of daily orders on the platform to more than 100 million in three years, with rentable bikes and e-bikes playing a significant role. In April, Didi’s bike-sharing arm Qingju was revealed to have received a $1 billion round of funding, of which a considerable portion would be used for e-bikes.

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According to Suzhou-based battery manufacturer Phylion, as of April, it has supplied Qingju with 1 million units of lithium batteries for e-bikes. The cells are custom-tailored for bike-sharing use and have accurate displays of remaining battery life.

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Bike-sharing app Hellobike is also trying to maintain its lead in the e-bike sharing landscape. With a self-proclaimed market share of 70%, Hellobike has deployed e-bikes in more than 320 cities as of February 2020 and launched a new model of e-bikes in March. The company also said it has started profiting off of its e-bike service in 2019.

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The e-bike rental market started to gain traction in China last year. In April 2019, China implemented a new set of manufacturing standards for e-bikes, which gave the green light to shareable e-bikes that meet the requirements. Prior to that, e-bike sharing was largely disapproved in the country due to safety concerns.

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E-bike rental in the US is also in its early stages. E-scooter rental service company Lime, which recently received a $170 million investment from Uber, has been burning cash to flood cities with scooters and hasn’t yet become profitable, according to the Financial Times. Lyft’s electric bike-sharing service, which used to be a major player in the field, had to exit a number of cities after a series of crashes and several battery fires.

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Tag: #E-bike sharing market

Meituan and Didi Vie for Shares of E-bike Sharing Market