20 million batteries/ICs, 300,000 tons of waste metal, and over 30 graveyards, the wave of shared bicycles being scrapped is about to arrive.
During the peak period of the shared bicycle industry, there were over 70 brands nationwide. As the industry accelerated its consolidation, more than 60 brands successively withdrew from the market, resulting in a situation where Mobike, Hello Bike, and ofo formed a triad. According to data from the China Bicycle Association, in 2016, a total of 2 million shared bicycles were deployed across 30 cities in the country. The "China Shared Bicycle Industry Development Report (2018)" jointly released by the China Academy of Information and Communications Technology and the Mobike Policy Research Institute shows that in 2017, 23 million new bicycles were deployed in 200 cities nationwide. From the above data, it can be inferred that at least 25 million shared bicycles were introduced within two years.
