Word: xinri
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...relative simplicity of the machines and their components has encouraged a huge number of e-bike companies to open in China. In 2006 there were 2,700 licensed manufacturers, and countless additional smaller shops. Rising to the top of the heap is not easy. Leading manufacturer Xinri (the name means "new day") was founded in 1999 by Zhang Chongshun, an auto parts factory executive who recognized the potential of the field. In its first year Xinri built less than 1,000 bikes; last year it churned out 1.6 million. (See pictures of bicycles...
...Xinri's Zhang puts in thousands of miles on the road a year, visiting as many as six cities a day to investigate local market conditions. But ultimately what makes Xinri successful is that electric bikes have hit a sweet spot in the Chinese economy. As Chinese grow richer, they want more convenient means of transportation. But not everyone can afford a car. "Motorcycles are too dangerous, cars are too expensive, public transportation is too crowded and pedal bikes leave you too tired," says Hu Guang, Xinri's deputy general manager. "So people buy e-bikes...
...Chinese market leaders like Xinri and Yadea have partnered with top schools like Tsinghua and Peking universities to improve battery technology. And like a slew of other Chinese companies, some e-bike makers are already working on electric cars. Yadea plans to create electric cars for special uses such as shuttling sightseers at tourist destinations. At the 2008 Beijing Olympics, Xinri provided e-bikes and an electric car for use by police at the Bird's Nest stadium...
| 1 |