Jo Beckendorff

NUREMBERG, Germany - Tao Wang holds the dual role of managing director of SFM Bikes GmbH and CEO of Zweirad Union eMobility GmbH, which took over German bicycle manufacturer Sachsenring Bike Manufaktur last year. Bike Europe spoke to her to find out about the new production synergies.

SCHRAMBERG, Germany - In line with the company's strategic goal of expanding its business activities and increasing market share, hGears reports for its e-mobility business area a 2021 sales growth of 3.5% to €47.5 million. For the full year 2022, hGears expects high single-digit group revenue growth.

TAICHUNG, Taiwan - Due to a further increase in bicycle and e-bike demand in particular, Taiwan's leading bicycle producer Giant Group topped its 2020 sales and profit record once again in 2021. This is despite higher costs and increasing uncertainties harming profit in Q4.

BERLIN, Germany - With EIT InnoEnergy SE, a new strategic investor and partner has joined Swobbee GmbH, the multi-vendor, multi-modal battery swapping station for all types of small electric vehicles. While EIT is putting €3 million of growth capital into the start-up, the current existing investor is also adding around the same amount on top.

NUSSDORF-DEBANT, Austria - In April the first e-bike range will be manufactured under the Austrian ski brand name, Kneissl, at Atala's factory in Italy. This will then roll out exclusively via Fitstore24 Zanier GmbH from May onwards, both through IBDs and direct sales into the German-speaking market.

ÁGUEDA, Portugal - The Portuguese bicycle industry association ABIMOTA invited industry members to the foundation ceremony of Bikinnov, an organisation that will manage a new technology center CIT. A total of €20 million has been invested in Bikinnov, which stands for 'Bike Value Innovation Center', project.

BERLIN, Germany - Sports e-commerce and technology platform Signa Sports United (SSU), which has been trading on the US Nasdaq exchange since 15 December 2021, has announced financial results for the first sales quarter of its 2021/2022 fiscal year. Despite supply setbacks, SSU is 'pleased' with the achieved revenue growth.

SAINT-JEAN-DE-MOIRANS, France - Following the sale of Time Sport and Felt Bicycles, Rossignol Group is concentrating on its own bike brand. On March 1st, the French winter sports giant, celebrated the global launch of a completely new mountain bike and e-mountain bike range.

BOCHOLT, Germany - German D2C bicycle supplier Rose Bikes GmbH closed its fiscal year 2020/21, with a sales increase of 8.5% compared to the previous year, totalling €148.7 million. For 2021/22, the company's ongoing expansion plans are said to be the backbone of achieving a two-digit sales increase.

BORRALHA, Portugal - Gil Nadais, the secretary general of industry association ABIMOTA shared outstanding export figures for 2021 during a visit of Portugal's National Agency for Innovation (ANI).