E-Bikes Push Merida Revenues by 33 Percent in first Nine Months

TAICHUNG, Taiwan – Electric bicycles are turning out to be the big money-maker for Taiwan’s bike industry. At least, it is for the 2nd biggest maker of the country, Merida. It saw its revenue from Taiwanese operations grow by 33 percent with (e-bike) shipments up by 27 percent during the first three quarters of this year. Next week’s Taipei Cycle Show (taking place from October 31 to November 3) will reflect the rapidly growing relevance of electric bikes for the Taiwanese industry.
Merida CEO Michael Tseng. Company follows trend of all major e-bike makers; up in revenue, but drop in units shipped. – Photo Bike Europe