With the rapid rise of the Sharing economy, the shared electric vehicle has already become one of the indispensable means of transportation for people's daily travel. The shared electric vehicles spread throughout many cities bring great convenience to people's travel and also bring great business opportunities to the operating entities. According to the data of shared bicycle users in China in 2020, 46.5% of users chose to use shared bicycles in crowded road conditions, while transportation tools, emergency situations such as rush times, and shopping and leisure scenes were also one of the scenarios where users chose to use electric bicycles for travel, accounting for 46.1%, 37.8%, and 30.4%, respectively. In 2019, the number of shared electric bicycles in China exceeded 1 million. In the next five years, as major platforms steadily promote the layout of shared electric bicycles, the demand for shared electric bicycles among users will be further stimulated, especially in third and fourth tier cities where the penetration rate will maintain a rapid growth trend. It is expected that more than 8 million vehicles will be placed on shared electric bicycles in 2025, and the compound growth rate from 2019 to 2025 will reach 41%. In 2019, the revenue scale of shared electric bicycles in China reached 3 billion yuan. With the continuous expansion of the scale of shared electric bicycles and the improvement of public awareness of shared travel, the daily usage rate of shared electric bicycles is further promoted. It is expected that the revenue scale of shared electric bicycles will exceed 20 billion yuan by 2025.

However, how to reduce operating costs, especially the maintenance and replacement of tire consumables, has always been a huge challenge faced by many investment entities. Therefore, non inflatable hollow tires are the preferred choice for major operators in product launch when using tires.

Due to the stricter technical and quality requirements of non inflatable hollow tires compared to traditional pneumatic tires, not all products can meet the corresponding requirements.

Most of the non pneumatic tires in the existing market are perforated non pneumatic tires. Although they have the advantages of no blowout, no inflation and no maintenance, their high Rolling resistance leads to excessive energy consumption and low comfort, which greatly reduces the user's experience.

Cross section view of traditional non pneumatic tires

Our latest non pneumatic tires break through traditional tire design concepts and adopt the principle of top bearing, abandoning the disadvantage of bottom bearing of traditional non pneumatic tires. It has the following advantages:

1. It has the advantages of no tire burst, never inflation, and no maintenance;

2. Compared with traditional pneumatic tires, it also reduces the Rolling resistance by 30%, increases the driving range of electric vehicles, and improves the user experience;

3. Reduced operational costs for operators.