Jo Beckendorff

MUTLANGEN, Germany - The challenging market situation became too much for Advanced Sports GmbH. According to an announcement of the responsible district court Aalen in Germany, Advanced Sports GmbH filed for insolvency in self-administration as of 3 April 2023. The company is the European distributor for the bicycle brands Fuji, Breezer and SE Bikes and sells to more than 30 countries.

TAIPEI, Taiwan - At this year's Taipei Cycle Show bicycle chain specialist Taya China Co. Ltd. debuted a new bicycle chain brand, Zenas.

VIENNA, Austria - The Austrian bicycle market once again broke records in 2022. Both unit and value sales topped those in 2021, with the total sales value amounting to €1.39 billion. More importantly, e-bike sales alone cracked the €1 billion mark for the first time, accounting for 74% of the sales value.

TAIPEI, Taiwan - High-end frame builder Astro Tech isn't only investing in satellite production in Vietnam. At this year's Taipei Cycle Show Astro Tech Co. Ltd. general manager Samuel Hu confirmed to Bike Europe that his company is currently constructing a new building in Changhua, Taiwan. Here, mass production of carbon frames will take place alongside automated aluminium frame production.

TAIPEI, Taiwan - With an eye on the booming e-bike market in Europe, Neco president Neco Wang tells Bike Europe that they have relied on China for too long. Therefore, the bike parts manufacturer has now established an office as well as an assembly plant in Poland.

BAMBERG, Germany - A European subsidiary of the Chinese Mivice manufacturer M&S Driving Systems Ltd. was founded in July 2022. In March the company marked the official opening of the brand-new Mivice European headquarters in Germany.

PLOCHINGEN, Germany - Decathlon Germany posted another record result in 2022. This time breaking the €1 billion sales mark for the first time. E-commerce and a focus on integration of circularity services played a role.

TAICHING, Taiwan - Taiwan's leading bicycle producer Giant Group saw its fiscal 2022 sales jump by a double-digit 12.5% year-on-year to TW$ 92.04 billion (€2.82 billion). However, the impact of rising material and labour costs as well as increased OE-business affected the Group's overall gross margin and operating profit performance.

REGAU, Austria - As a young player specialising in e-bike and bicycle contract manufacturing WSF Bicycle Technology GmbH represents the rapid development of bicycle production in Europe. WSF claims it is assembling for numerous bicycle suppliers from Germany, Austria and Switzerland at their facility in Regau, Austria.

RHEDA-WIEDENBRÜCK, Germany - Following a "lively bidding process" the German bicycle and e-bike manufacturers Prophete and Cycle Union have been successfully taken-over. No stranger to the bicycle industry, the new owner Singapore-based Dutech Group, is on a path to strategically expand its focus on green technology. The parties have agreed not to disclose the purchase price.