New E-Bike Rules to Slow Demand for Lead Batteries in China
BEIJING -- Lead battery demand from China, the world’s largest metals consumer, may fall next year as new vehicle standards reduce electric bike output, said the China Electrical Equipment Industrial Association.
Rules limiting speed and size of “e-bikes” may lead to closures of small producers next year and curb growth at big ones, Yi Xiaobo, secretary general of the association’s lead- acid battery department, said in an interview. The e-bike market in China accounts for more than 20 percent of the country’s lead consumption, according to Barclays Capital.
China, the world’s third-largest economy, has seen a surge in e-bike sales in the past decade because they are affordable and don’t require driving qualifications or a formal license. Lead prices, which have more than doubled this year on record Chinese imports, fell today in London.
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