E-bikes Exceed Speed Limits Called Out by 315, Hellobike's Investors Include Ant Group and Forever

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（Source: Caixin News）

CCTV’s 3.15 Gala exposed the issue of electric bicycles speeding. During the investigation, reporters found that not only local individual rental shops violate national standards by renting out electric bicycles, but some well-known chain brands also have this problem. Hello Bike, a leading brand in the electric bicycle rental industry, states on its official website that it has established over 5,000 stores in more than 100 cities nationwide. Reporters visited a Hello Bike offline store for investigation. Staff at the store said that their electric bicycles can reach speeds of up to 75 kilometers per hour.

Under the guise of franchise cooperation, the reporter contacted Mr. Mi, the provincial recruitment manager of Hello Bike. Mr. Mi revealed in detail: even before the implementation of the new national standards, some electric bicycle channel vendors had already applied for license plates using certificates of conformity for a large number of unproduced electric bicycles. When customers needed these vehicles, they would have the manufacturers produce vehicles according to the standards before the new national standards took effect. These newly produced electric bicycles naturally became old vehicles before the new standards were introduced, thus avoiding the “one vehicle, one pool, one charging code” mutual recognition and coordination mechanism in the new standards. This also makes it easy to lift speed restrictions on the vehicles. The operation method of “Electric Donkey Brother” is even more straightforward. Manager Wang from the company clearly told the reporter that they uniformly supply stores with electric motorcycles, but the license plates are actually for electric bicycles. These plates are bought directly, with as many as needed, and at low prices.

According to Qichacha APP, the involved company Shanghai Hello Puhui Technology Co., Ltd. was established in March 2016 with a registered capital of 4.4 billion yuan. The company is a limited liability company (wholly owned by a natural person investor or controlling legal person), with a staff size of 1,000-1,999 employees. Its business scope includes: IoT application services; IoT technology services; IoT technology research and development; information system integration services; software development; industrial design services, etc.

Shareholding information shows that Shanghai Hello Puhui Technology Co., Ltd. is wholly owned by Jiangsu Hello Puhui Technology Co., Ltd., with investors including Ant Group, Yong An Xing (603776.SH), and others.

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