SCHRAMBERG, Germany - German precision gear and component manufacturer hGears AG reports a consolidated revenue of €84.1 million from January until October, a year-on-year decline of 18.8%. This decline is attributable to market difficulties for the e-mobility as well as the e-tools division.
WOKING, UK - The bankruptcy of VanMoof this summer caused a lot of commotion in the bicycle industry. Since the confirmation of the take-over of the brand by McLaren Applied late August it has been very quiet around the brand.
NUNSPEET, the Netherlands - High inventory level continues to be troublesome for the once successful Dutch e-bike brand Stella E-bikes. Investor DM Equity Partners, who previously held a 35% stake has seized power at the e-bike manufacturer and obtained a majority of the shares.
NOVI TRAVNIK, Bosnia-Herzegovina - Regensburg-based e-chopper and e-cruiser supplier Ruff Cycles GmbH has not only made its name as a supplier of cool lifestyle mobility products, but also with its own European frame production facility in Bosnia-Herzegovina. With the backing of new partner Pierer New Mobility, a ground-breaking ceremony has now taken place for a new production plant in Bosnia-Herzegovina, which is set to open in the first half of 2024.
EDINBURGH, UK - The concept is not new anymore, but seldomly seen in the bicycle industry. Scottish e-bike technology startup Intra-Drive has announced that they will appoint Nature to the board of their business.
盧森堡－歐洲檢察官辦公室（European Public Prosecutor's Office，簡稱EPPO）表示已向比利時安特衛普法院提交兩份起訴書，內文指控企業為逃避針對進口中國製電動自行車徵收的反傾銷稅與反補貼稅，提交錯誤進口報單。
英國，諾丁漢（NOTTINGHAM）－英國自行車製造商有鑑於艱鉅的市場環境，決定裁員並將總部遷址，此舉也是為「更好將Accell UK整合至Accell Group」。
西班牙，馬德里（MADRID）－西班牙9月自行車產量同市場預期一樣，較去年減少34.7%，此一大幅下降可被視為疫情銷售熱潮相關的修正，產量與銷量仍高於2019年水平。
英國，倫敦（LONDON）－英國電動自行車電池火災事件增加，促使呼籲立新法，強制對電池安全進行第三方認證。英國兩個自行車產業貿易組織因應聯合發布產業指引文件，呼籲對供應英國市場的產品進行更嚴格的安全執法。
MINATO, Japan - As an automotive giant, Honda Motor is not known as the most advanced company in the market for electric mobility. It is striking to see the absence of any vision in the design of the product, while the company is focused on 'future mobility'. Honda's entrance on the e-bike market was not very striking.
LONDON, England - An increase in e-bike battery fires in the UK has prompted a call for new legislation to mandate the safety of e-bike batteries including third party approval. In response, two cycling industry trade bodies in the UK have joined forces to issue guidance sheets for the industry and called for stricter enforcement of product safety for products supplied to the UK.
MONTREAL, Canada - As part of the company's international business growth strategy, Argon 18 has appointed Patrick Flaherty as chief revenue officer (CRO). Flaherty has over twenty years' experience in the cycling industry, most recently at Specialized.
LUXEMBURG - The European Public Prosecutor's Office reports that it has filed two separate indictments at the Court of Antwerp, Belgium for the evasion of customs duties on the importation of e-bikes from China. In both cases they are accused of presenting incorrect customs declarations in order to evade anti-dumping and countervailing duties.
EASTWOOD, England - Citing a challenging market, UK bike manufacturer Raleigh is cutting jobs and relocating its headquarters. The measures are also being taken "to better integrate Accell UK into the wider Accell Group."
RAVENSBURG, Germany - ZF Micro Mobility has launched Sachs RS motor software updates for the e-MTB, Tour and Cargo applications. According to ZF Micro Mobility this development is a major improvement of the user experience.
MADRID, Spain - In line with all market expectations, the production volume of the bicycle industry in Spain decreased by 34.7% last September compared with 2022. This major decline can be regarded as a correction on the COVID related boom. Production and sales volumes are still above 2019 levels.
DUSSELDORF, Germany - Market confidence is positive if looking at the growing size of Cyclingworld in Dusseldorf which will take place from 15 to 17 March 2024. The consumer show is not affected by the negative tendencies in the market due to overstock and lower sales levels than forecasted.
HYDRABAD, India - Automotive giant Mahindra & Mahindra was among the first to invest in intelligent mobility solutions start-up Hornback. The new entrant is now introducing one of the world's first, full-sized diamond frame folding electric bicycles on the market, the X1.
