FRIEDRICHSHAFEN, Germany - Registration has now opened for this year's Eurobike Award. Companies, designers and developers of the international bike and mobility sector have until 8th July to register their new products for the 16th edition of the Eurobike Award 2021. The winning products will be showcased at this year's event scheduled for 1-4 September.
SERZEDO, Portugal - Europe's largest bicycle producer in units, RTE, is strategically expanding its business. On the one hand, an e-bike factory for its own young e-bike brand Beeq as well as for (OEM-) production has been started by the Portuguese near the existing bicycle factory in Serzedo. Furthermore, in Poland another RTE factory is currently under construction.
REDDITCH, UK - The latest seven weekly set of figures from the UK's leading cycle retailer Halfords shows annual profits for the 2020/21 financial year are expected to be in the range of £90-£100 million (€104-€115 million). These 'better-than-expected' figures are underpinned by spectacular cycling sales figures.
SUZHOU, China - Bafang is investing in a new facility for the development and production of high-end battery packs. 'Bafang New Energy' is the project name of the third wholly owned subsidiary in China created by the e-drive systems manufacturer.
OSAKA, Japan - In its financial statement of the first half of 2020 the Shimano Group reports a decline in sales of its bicycle component segment of 14.6%. From the same period of the previous year, bicycle components turnover slid to JPY 122,6 million (€992 million), and operating income was down 19.7% to JPY 22,96 million (€186 million).
OBERWANGEN, Switzerland - myStromer AG reports double-digit growth across its markets and the sale of over 12,000 speed pedelecs in 2019. According to a company statement, last year's sales exceeded targeted figures.
REDDITCH, UK - Halfords has released its latest update on its trading performance for the 20-week period to 16th August 2019. It shows retail cycling sales down 1.1 percent like-for-like compared to the same 20 week period in 2018.
ASSAMSTADT, Germany - With two newly developed integrable rechargeable batteries, Ansmann is expanding its broad product range offering designers and manufacturers of e-bikes. These new types of solutions offer standard applications for rapid and cost-effective implementation. Both can be realised and configured to individual customer requirements.
ZURICH, Switzerland - The latest news about Accell Group suggest that the company is doing everything it can to limit the damage that the recent sale of the heavily loss-making US operations has caused.
REUTLINGEN, Germany - Bosch eBike Systems and Magura announce a closer cooperation in service and replacement parts distribution. Bosch eBike Systems is taking a 50 percent stake in Magura Bike Parts, a subsidiary of Magura. The new joint venture will operate under the name Magura Bosch Parts & Services GmbH & Co. KG.
Financial markets as well as analysts are responding to the yesterday announced sale of its U.S. activities by Accell Group as 'good news'. They are glad that Europe's biggest in e-bikes has been able to get rid of its troublesome subsidiary that showed rapidly growing losses.
SANGERHAUSEN, Germany - The latest ruling of the court of appeal in the Germany city of Naumberg is likely to improve the insolvency rate for MIFA AG creditors.
CHICAGO, USA - 'Always in the right gear' is SRAM's payoff for eTap AXS groupset launched yesterday. The new bike component integration system take wireless shifting to the next level.
KARLSTEIN, Germany - The BMZ Group took over the Frankfurt-based TerraE Holding GmbH. In May 2017 the TerraE consortium was founded by three investors with the intention to build a factory for large-scale li-ion cell production. Last month German media reported that the project didn't take off successfully.
MONTREAL, Canada - Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) had a much better quarter than anticipated, surpassing earlier published expectations. Second quarter revenue increased USD 15.5 million, or 7.4%, to USD 224.5 million.
ZLIN, Czech Republic - Equinox Europe, the Czech-Taiwanese joint venture of Gigantex debuted two years ago with affordable brand line called Equator. The combination of discount pricing and flash sales was successfully tested on the Czech and Slovak
The loss of sales to major online distributor Fietsenwinkel.nl in the Netherlands and Sports Authority and Sports Chalet in North America put heavy pressure on Accell's first half of 2018 results.
HAAR, Germany - Late February, e-bike drivetrain producer BionX Canada Inc. had to file for bankruptcy in Canada. On June 15 the bankruptcy sale of part of BionX Canada was approved by court while the remaining business activities were closed.
Introduced as a Kickstarter project Blaze and rebranded this year as 'beryl' the company will bring out a new generation of lights for city-cyclists at Eurobike. "We want to be the most-loved consumer brand in the urban cycling space," said beryl founder and CEO Emily Brooke.
Belt drives offer many advantages to the cycling world, but a big caveat has been that specially designed split frames are needed to install a belt. Veer is seeking to change that. With their innovative belt splice technology, joining a belt through the rear frame triangle like a chain is now possible.
