FRIEDRICHSHAFEN, Germany - For Indian Amar Wheels Eurobike 2019 is the new opening to the European market. "Exhibiting at Eurobike gives us the opportunity to show the market how we reorganized Amar Wheels and made it fit better for the European market," explains Amar Wheels Marketing Director Karran Aggerwal.
ROSSANO VENETO, Italy - With the recently announced investment of private investor Pamoja Capital SA in Wilier Triestina, the 1906 founded traditional Italian bicycle manufacturer aims to expand its presence on the world market. How much Pamoja Capital, a family-run Canadian investor based in Switzerland, paid for their minority stake, has not been disclosed.
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).
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.
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.
TALLINN, Estonia - European transportation platform, Bolt, is launching its first electric bike-sharing service. The service is being rolled out in Paris, with plans to expand to more European capitals this year. Bolt, which was founded in 2013, is now offering electric bikes, scooters, and ride-hailing under a single brand in one app.
BEN CAT TOWN, Vietnam - Motinova, a partnership between the two Chinese companies HL Corp. and TTium opened a new e-bike motor factory in the South of Vietnam last week.
LA FLECHE, France - The French e-bike manufacturer Neomouv, based in La Flèche (close to Le Mans), had to reorganize (among other operations) its production faster than it expected because of the anti-dumping duties on e-bikes imported from China that came into force last January.
CURTISOARA, Romania - Italian investors are behind the founding of one of the biggest bike factories in Europe which is to be located in Timisoara, Romania (see the previous report in this newsletter).
TAICHUNG, Taiwan - For Merida the importance of the e-bike market continues to rise rapidly. In 2018 the company reported an e-bike output of 143,000 units, while for 2020 Merida forecasts to ship 330,000 e-bikes from Taiwan.
