Frost & Sullivan, in collaboration with Jiangsu Jinpeng, released the 'White Paper on Electric Tricycle Power Systems'

2020 is destined to be an extraordinary year, with the impact of the COVID-19 pandemic on all industries unprecedented. It was also a year of recovery for the electric tricycle market after a gradual decline since 2015. Despite being hit by multiple factors such as the pandemic and rising raw material prices, demand for electric tricycles climbed following the resumption of work due to consumers' need to go out for activities, driving a rapid warming up of the electric tricycle market. At the same time, the power system of electric tricycles has seen revolutionary technological innovation across generations, with leading electric tricycle companies beginning to adopt a new generation of power systems based on 'permanent magnet synchronous motors'. Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') in collaboration with Jiangsu Jinpeng Group Co., Ltd., a leading enterprise in the electric tricycle industry, based on Frost & Sullivan's one-on-one interviews, secondary desk research, and consumer surveys, jointly released the 'White Paper on Electric Tricycle Power Systems'.