The new crown epidemic has changed the travel concepts and modes of many people. Electric bicycles are very popular with people from all over the world because of their clean and convenient advantages.

　　Due to the large number of historical buildings in Europe, the roads in many main urban areas cannot be widened, and short-distance consumer services after the epidemic have become normalized, which has made the previously neglected electric bicycles popular.

　　Southeast Asia and India and other places have booming economies. Low-cost, reliable and durable electric bicycles will become the main means of transportation for hundreds of millions of people with their unparalleled cost performance.

　　Electric bicycles first used lead-acid batteries, followed by large-scale application of ternary lithium batteries, and now the market share of lithium iron phosphate batteries has gradually increased.

　　This is because although lead-acid batteries have price advantages, they are too heavy, not environmentally friendly, and have short service life. Although the ternary lithium battery has a high energy density and a reasonable price, safety is its biggest weakness. We often see in the news that electric bicycles using ternary lithium batteries catch fire, and even cause casualties. Tragic consequences.

　　Lithium iron phosphate batteries should be the best choice for electric bicycles because of their high safety and long cycle life. However, in the past, the cost was relatively high due to insufficient production scale. With the large-scale adoption of lithium iron phosphate battery technology routes for electric vehicles, its price has dropped rapidly.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Electric bicycles will become a huge industry with a scale of tens of billions of dollars and a symbol of clean and environmental protection.