Taiwan e-bike exports rise 20% during turbulent 2020

TAIPEI, Taiwan - The Taiwanese bicycle industry is set to prosper in 2021. Record-low inventory at distributors, new lifestyle trends and continued growth momentum in the e-bike sector during the post-COVID-19 pandemic period will drive market growth forward, industry experts say. According to Taiwan's customs data, e-bike exports hiked in 2020 by almost 20% to more than 759,000 units.