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Electric Bike Production to Grow

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BEIJING, China – The output of electric bikes is expected to maintain an annual growth rate of at least 80 % in the coming five years. China will produce 30 million electricity-driven bikes in 2010, compared to 9 million bikes last year, according to a report drafted by the Development Research Centre.

Electric Bike Production to Grow

BEIJING, China – The output of electric bikes is expected to maintain an annual growth rate of at least 80 % in the coming five years. China will produce 30 million electricity-driven bikes in 2010, compared to 9 million bikes last year, according to a report drafted by the Development Research Centre.
 
The central government wants to reduce the amount of energy consumption by as much as 20 % within the next five years. That would be achieved through introducing new sources of energy and encouraging people to save energy, China Daily said. Fumes from car exhausts are a major cause of pollution darkening the sky in Chinese cities, especially Beijing.
 
Electric bike production in China accounts for about 90 % of the world’s total, making China the world’s biggest producer, consumer and exporter of the energy-efficient vehicle, the report said. The country last year sold about 3 million electric bikes to foreign countries, a figure expected to double to 6 million in five years. By 2010, the production value of the electric bike industry in China is expected to be 70 billion yuan (8.6 billion U.S. dollars), almost four times the current level.

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