Asian electronics giant acquires 80% stake in e-drive maker Pendix

ZWICKAU, Germany – Hong Kong-based electronic components giant Johnson Electric Holdings Limited is taking over an 80% majority stake in German drive system manufacturer, Pendix GmbH. Together, they will develop a new integrated mid-motor for bicycle manufacturers that will be launched in 2025.
Pendix made its name within the bicycle industry as a technology-driven market player. - Photo Pendix