According to data from the ministry, the initiative has led to a total of 2.4 million old e-bikes being traded in for an equal number of new ones purchased through the trade-in program since its ...

The US e-bike market is heavily reliant on Chinese manufacturing. China dominates global e-bike production, supplying complete bicycles and key components such as motors, batteries, and controllers.

China’s onshore and offshore equity markets have added more than $1.3 trillion in total value in just the past month amid such reallocations, while India’s market has shrunk by more than $720 ...