Continental Pulls Out of E-Bike Market

HANNOVER, Germany – Today, Continental Bicycle Systems GmbH & Co KG is informing its customers that it is pulling out of the e-bike market. Yesterday, the company announced this decision to its staff of about 100 employees. While for the time being final engineering work on the company’s new 48V Revolution and 48V Prime drives continues; production is to be phased-out in the first quarter of 2020.