JIC Leasing recently purchased 40,000 shared electric bicycles (e-bikes) and related equipment from a leading manufacturer of two-wheeled electric vehicles in China. The e-bikes were provided to a technology company through an operating lease to drive the development of a green transportation service in Kunming to promote eco-friendly urban mobility.

The manufacturer is a leading Chinese long-range electric two-wheeler brand which integrates the entire value chain from R&D, production, sales, and operations to after-sales services. Its product lines include electric bicycles, motorcycles, mopeds, and tricycles, and smart shared e-bikes. This business expansion by the shared e-bike leasing operator is mainly focusing on the transport and tourism sectors.

Urban transport requires not only major arteries, but also a flexible, distributed network of capillaries. According to the 2022 Annual Kunming Urban Transport Development Report, green mobility accounted for 70.4% of the city’s transport, with bicycles and electric bicycles (including shared e-bikes) making up about 31.6%. An eco-friendly, economical, and healthy mode of transport, shared e-bikes not only help alleviate urban congestion and pollution, easing the burden on city transit, but also further expand the slow traffic network, addressing the “l(fā)ast mile” challenge in residents’ daily commutes.

Against the backdrop of Kunming’s plans to restructure its shared e-bike industry, JIC Leasing leveraged its financial leasing services to bridge upstream and downstream players across the industry chain, not only addressing the funding needs of the shared e-bike operator, but also accelerating sales recovery for the manufacturer, and expanding market share, with mutual benefits for all industry stakeholders.

In recent years, JIC Leasing has actively explored upstream and downstream segments of the new energy industry chain, upholding the philosophy of green development. By supporting the growth of green industries through financial leasing, it has continued to enhance public service capabilities, contributing to China’s “dual carbon” goals (carbon peaking and carbon neutrality).