- CEO
- Ji Hong Hu
- Full Time Employees
- 2,897
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- 168 Shicheng Street Jinhua ZH China 312016
- IPO Date
- Oct 12, 2023
- Business
- Luyuan Group Holding (Cayman) Limited is an investment holding company that, through its subsidiaries, engages in the design, research and development, manufacture and sale of electric two-wheeled vehicles and related accessories primarily in mainland China. The company offers a comprehensive range of products under the Luyuan brand, including electric bicycles (such as S series, Moda series, JIYING series, INNO series, Cola series, Liva series and KALE series), electric scooters, electric motorcycles, electric mopeds, e-kick scooters, batteries, electric two-wheeled vehicle parts including tires, as well as riding gear, electric-assisted e-bikes and other ecosystem products; it sells through an extensive offline distribution network covering over 336 cities across 31 provincial-level administrative regions with more than 14,000 retail outlets, complemented by online retail channels on platforms like Tmall, JD.com, Pinduoduo and Douyin. Founded in 1997 and headquartered at No. 168 Shicheng Street, Jinhua Development Zone, Jinhua City, Zhejiang Province, China, the company operates production facilities in Zhejiang, Shandong, Guangxi and Chongqing, with an annual production capacity exceeding 4 million units for electric two-wheeled vehicles. Recent developments include the Chongqing smart production plant commencing operations in February 2025 to advance full-chain intelligent manufacturing, strategic partnerships established with Hello Bike in 2023 (deepened for new national standard products), DiDi Bike in 2024 (with continued supply growth and planned strategic expansion in 2025) and Meituan in 2024 (becoming its fastest-growing supplier by procurement volume), a July 2024 acquisition of 9% equity in Shenzhen Dudu Internet of Things Technology Co., Ltd. for RMB23.4 million, over 20 new model launches such as K50, MS95 and Moda50D by June 2025 (many certified under updated electric bicycle standards), 222 new patent applications and 183 grants in the first half of 2025 bringing the total to 912 patents, international expansion into three new countries with focus on South Asia, Africa, Southeast Asia and preparations for Europe and the U.S., and upgraded brand strategy emphasizing liquid-cooled motors, digital battery maintenance and intelligent connectivity systems.