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  • 7 months after Hello’s price increase, Meituan announced to follow the price of shared bicycles to welcome the price increase cycle
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7 months after Hello’s price increase, Meituan announced to follow the price of shared bicycles to welcome the price increase cycle

Andrew 08/06/2022 2 min read

According to the confirmation of netizens in many places, the starting price of Hello bicycles has been increased from 1.5 yuan per half hour to 2 yuan per half hour. At present, the price increase for a single ride in Shenyang, Changsha, Foshan, Mianyang, Zhuhai and other cities has come into effect.

At present, there are more than 200 platforms in the domestic shared two-wheeled vehicle market, but the three shared bicycle companies represented by Meituan, Didi, and Hellobike occupy 95% of the shared bicycle market share, forming a “three pillars”. situation. Regardless of the layout of new car launch, vehicle research and development, battery swap network, etc., it is leading the market.

As the market structure begins to stabilize and the market environment changes, price increases have also begun to become measures that are being promoted. Among the three giants of shared bicycles, Qingju, which currently ranks third in market share, has not yet raised its price.

According to data released by the China Bicycle Association, the price of upstream raw materials for bicycles rose by more than 10% year-on-year in the first quarter of this year, and the bicycle and electric bicycle industries are facing difficulties such as rapid rise in production costs. The pressure of rising raw materials is being transmitted downstream from bicycle manufacturers.

Industry insiders said that the money-burning subsidy war in the shared bicycle industry has ended, and the surviving bicycle companies have generally raised their prices in order to survive. This is an inevitable requirement for the development of shared bicycles in the second half. (Wen Meng)

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