Jan-Willem van Schaik

HEERENVEEN, the Netherlands - The reorganisations announced at three of its subsidiaries was already a clear indication of a new policy at Accell Group BV. Now the reason why has become clear. Fitch Ratings has downgraded Accell Group and questions the company's possibility of meeting its financial commitments. According to Accell Group, "the Fitch report reflects the difficult market circumstances."

OBERWANGEN, Switzerland - To reduce the carbon footprint of the Stromer ST5, the e-bike manufacturer developed a special fender material in cooperation with Lehvoss group. Instead of sourcing in Asia, the Stromer fenders will be produced by Isoco in Saalfeld, Germany.

ČVRČOVICE, Czech Republic - To offer a one-stop-shop solution to its customers, Darfon Electronics has started an e-bike assembly and batteries production facility in the Czech Republic.

BREMBATE, Italy - Only one and a half years after the opening of an all-new facility in Oldenzaal, the Netherlands, Vittoria has announced the relocation of A Dugast cyclocross series production to its factory in Bangkok, Thailand.

KOBLENZ, Germany - The large-scale media campaigns offering major discounts on various bike categories this summer by Canyon was regarded rather unwelcome by many in the market. The company's latest financial results show a massive impact on the result; a push to revenue but killing the profit.

AMSTERDAM, the Netherlands - An interim report by the VanMoof administrators paints a clear picture of the financial drama which took place this summer. After the mega loss in 2021 not much is left for the creditors.

STUTTGART, Germany - BH Bikes from Spain will be the first to be supplied with the new SEG Automotive e-bike systems. SEG Automotive is one of those big players from the automotive industry that not many people are familiar with. They supply virtually all major car manufacturers and power over 300 million vehicles on the road today with their e-machines.

BRUSSELS, Belgium - Miranda Bike Parts has been awarded as one of the 10 'sustainability heroes' during Generali's third SME EnterPRIZE event in Brussels. This group was drawn from the over 7,600 SMEs that participated in the area of Environment and Social, coming from the European countries that have joined the initiative: Austria, Croatia, Czech Republic, France, Germany, Hungary, Italy, Portugal, Slovenia and Spain.

PORTSMOUTH, UK - Recent developments at WiggleCRC have taken a dramatic course as the company announced it will close down all its international activities. Once at the forefront as 'the' example of how to operate a global webshop, the company has lost its momentum on the overseas markets.

LONDON, UK - Quality issues with e-bike battery chargers have caused reasons for concern in the UK but also in EU countries. One of the largest online sellers of e-bike chargers and conversion kits, Wish.com has banned the sales of the products citing safety risks. Yet there are serious concerns about the enforcement of the new policy.