Giant Remains Cautious About E-Bike Future
TAICHUNG, Taiwan - Giant had a difficult 2016 with a cumulative revenue decline of 5.57% to USD 1.87 billion (€ 1.74bn) from the previous year. Although sales from e-bikes, mainly in Europe, soared 50% year-on-year in 2016 Taiwan's biggest manufacturer remains cautious about future revenue in this product category.
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