Gelonghui, December 29丨Taotao Auto Industry (301345.SZ) recently conducted an investor relations campaign to discuss “Electric bicycles will grow rapidly in 2023. Can they maintain growth in 2024 and what is the outlook?” The company replied that the company's electric bicycle growth rate in 2023 was relatively fast, and sales revenue in the 1st to 3rd quarter had already surpassed the full year of 2022. Judging from the peak sales season in the 4th quarter, sales growth is expected to be good throughout 2023.
Currently, the company has more than 300 high-end electric bicycle dealers, and has entered large supermarkets such as Walmart, Target, Bestbuy, Academy, and Kohl's. It is expected that sales will continue to grow well in 2024.