The invention relates to a low-cost solar electromagnetic power assisting bicycle. The low-cost solar electromagnetic power assisting bicycle is composed of a bicycle shopping basket solar cover board 2, a position sensor 4, an electromagnetic power assisting plate 5, a rear luggage-carrier solar cell panel 6, a power assisting permanent magnet 8 and a torque sensor 25. A torque signal sensing coil 24 and the position sensor 4 transmit torque signals and bearing signals of bicycle movement states to an electric control board 26, the electric control board controls the electromagnetic power assisting plate 5 through a brake electric control assemble line 12, and the bicycle shopping basket solar cover board 2 and the rear luggage-carrier solar cell panel 6 provide power to a storage battery 7. According to the low-cost solar electromagnetic power assisting bicycle, a motor is not adopted, the power assisting system cannot change feelings of a rider, the solar cell panel is adopted to supply power, energy is saved, when the bicycle is braked, the electric power can be recycled automatically, and the labor energy of the rider is saved. The low-cost solar electromagnetic power assisting bicycle is a small and exquisite power assisting device which is excellent in performance, is extremely simple in structure, good in market prospect and free from discharging and has an extremely important value on bicycle popularization and usage.