2M ebikes per year in the EU, quite the market. Just need to find the North American numbers.BEIJING (Reuters) - China's commerce ministry said it is disappointed at the European Commission's decision to launch a probe into Chinese exporters of electronic bicycles, adding that Europe misunderstands the Chinese market.
The European Commission launched an investigation on Dec. 21 into whether Chinese exporters of e-bikes benefited from excessive state subsidies, the latest in a string of European probes into Chinese exports ranging from solar panels to steel.
China's e-bike market is fully market-based, said ministry spokesman Gao Feng at a regular briefing in Beijing on Thursday.
The European Bicycle Manufacturing Association wants the European Commission to impose duties on Chinese e-bikes.
"China hopes the European Union will respect World Trade Organization rules," Gao said.
Europeans buy some 20 million bicycles per year, of which about 10 percent are now e-bikes, with the potential to rise to a quarter of sales within five years.
Chinese producers, including Battle-Fushida, Aima and Tianjin Golden Wheel, sold e-bikes worth some 307 million euros in the EU in the year to Sept. 30.
(Reporting by Elias Glenn; Writing by Ryan Woo; Editing by Editing by Michael Perry)
Can assume Canada is 1/10th, so 10k ebikes.
According to the BPSA report, the e-bike category has nearly doubled its growth in value from USD 16.7 million (€ 13.95m) in the first half of 2016 to USD 31.8 million (€ 26.57m) through the first six months of 2017. The number of units shipped have also nearly doubled, from 8,213 in the first half of 2016 to 15,930 through the first half of this year.