Jan-Willem van Schaik

TAICHUNG, Taiwan - Folding bikes stood at the heart of Tern Bicycles when the company started in 2011. However, over the years, they have evolved into a supplier of transportation bicycles in any kind of form. "We even created the new category compact cargo bikes, which are in our vision more practical in future cities," says Tern team-lead Joshua Hon.

OSAKA, Japan - Market recovery hasn't come as rapidly as Shimano had still foreseen in its first half year results published in July. The Q3 results the company published today still reveal challenging market conditions which the Japanese component manufacturer partly attributes to unfavorable weather conditions in Europe during spring, as well as the inventory bubble.

PADOVA, Italy - To reduce the carbon footprint of bicycles, mudguard manufacturer Eurofender has developed a model which is made out of recycled plastic. Besides this, it is also made without aluminum, and the plastic can be fully recycled at the end of the life cycle of the mudguard.

WELS, Austria - As a result of the market circumstances for e-bikes, bicycles and motorbikes, Pierer Mobility will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year. Therefore, the company has revoked its guidance for the 2024 financial year.

PHNOM PENH, Cambodia - The slow recovery of the Cambodian bicycle export to the European Union prompted the country's five assemblers to look for new markets. The once leading importer of bicycles into the EU-27 is also facing fierce competition of other major bicycle exporting countries like China and Bangladesh.

APELDOORN, the Netherlands - To step up Merida's presence, the Benelux distributor of the Taiwanese manufacturer has expanded into Denmark as the official importer for this country. This strategic move strengthens Merida's foothold in the Scandinavian region, furthering the brand's commitment to delivering high-quality bikes and cycling gear to a wider audience.

LORIOL-SUR-DROME, France - Look Cycle Group has announced the sale of the high-end carbon bicycle wheel specialist Corima. The two companies formed together in 2016 when Look Cycle became the owner of Corima. In 2022 the two companies fully merged but have now split up again effective 30 September 2024.

BRUSSELS, Belgium - Cycling as a lever for economic growth was the key message of the CIE 2024 Summit on October 2, organised by Cycling Industries Europe in partnership with the Benelux Union. Over 200 attendees discussed a blueprint for cycling industry policies heeding the EU Declaration on Cycling's call for the 'development of a world class cycling industry'.

OSAKA, Japan - To hit back on e-bike drive system suppliers who overshadow Shimano's leading market position, the component manufacturer will start mass production of its AI-integrated drive train system Q'Auto. Launched as a concept at Eurobike 2023, the first bikes featuring this system will be on the market soon. CEO Yozo Shimano explains the business decision to take this step forward.

AMSTERDAM, the Netherlands - Support from Pon.Bike makes it possible for Ziemi to venture its innovative bicycle lighting system into international markets. Pon.Bike is, among others, the largest of seven parties that recently participated in an investment round raising €300,000.