TAIPEI, Taiwan - The positive voices on the show floor saying people are back at Taipei Cycle after a 3-year pause, don't reveal the doubt and worries about the current market situation. The long-term outlook is still seen by many as very positive, but the challenging difficult market conditions in 2023 can't be neglected.
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.
TALINN, Estonia - To strengthen their joint position in the micro-mobility industry, two Estonian companies Ampler and Kõu Mobility Group have signed an investment and share-swap agreement. Kõu Mobility took over 51% of the Ampler share for an undisclosed amount.
BIELEFELD, Germany - The end has come for the bicycle production and trade consortium owned by the Prophete and Lönne families. The involvement of the Prophete family goes back to 1908 when the company was founded, while the Lönne family stepped in in 1970 to build a cycling business that is active worldwide.
BRUSSELS, Belgium - Urban e-bike brand Cowboy has achieved B Corp status, one of the first e-bike brands to do so. The brand controls the sustainability of its supply chain, packaging and the recycling of its bike components. To coincide with B Corp, Cowboy has also relaunched its Circular scheme where e-bikes are refurbished by in-house mechanics and given a second life.
KYIV, Ukraine - The war in the Ukraine has become very close and personal for Paul Lange Group with the tragic loss of an employee from Paul Lange Ukraine. The 54 year old Shimano sales manager Maksym Andrushenko died on 17 October while serving his country.
ZWICKAU, Germany - Hong Kong-based electronic components giant Johnson Electric Holdings Limited is taking over an 80% majority stake in German drive system manufacturer, Pendix GmbH. Together, they will develop a new integrated mid-motor for bicycle manufacturers that will be launched in 2025.
LYON, France - Eovolt, the French folding e-bike manufacturer, has completed a fundraising of €16 million from venture capital firms Raise Impact and Financière Arbevel. The founders of Eovolt Luca Chevalier and Baptiste Fullen keep a majority share of the company.
FULDA, Germany - The Punjab Government has expressed their gratitude to Büchel Industrie-Holding GmbH for their support in manufacturing bicycles in Punjab and exploring the investment opportunities in the area. Recently a high-level delegation from Punjab visited the company in Germany during which the Prime Minister of Punjab, Bhagwant Mann, joined the meeting via video.
OBERWANGEN/FEHRALTOFR, Switzerland - The speed pedelecs Opium and Stromer ST7 were the high-flyers at this year's Eurobike. With their looks, equipment, performance and price, they set a new benchmark for this league. They have what it takes to become the new status symbol for SUV car enthusiasts. How do the models compare?
FULDA, Germany - This year, German bicycle parts manufacturer, Büchel, is celebrating its 100-year anniversary. A centenary after its foundation, the Büchel Group operates globally in the vehicle parts segment but at its heart is a German family-run business. The company reflects on the past 100 years.
SHANGHAI, China - The 2021 China Cycle show will be moved to another location than the past 5 editions. The 30th China International Bicycle Fair will be held at Shanghai New International Expo Center, the same venue as where the event already took place between 2003 and 2014.
FRIEDRICHSHAFEN, Germany - The annual Eurobike Award will deploy a mix of analogue and digital tools this year, the show organisers have announced. The award process has been adapted in response to the Covid-19 pandemic, which has also seen the physical show date of Eurobike move to November. The digital award ceremony and start-up pitch will now take place on 2nd September a couple of months prior to the physical event.
DOETINCHEM, the Netherlands - Across Europe, countries are taking small steps forwards in reopening their industries. Time to evaluate what impact closures have had on the bicycle supply chain and supported businesses. What steps are European companies now taking and what impact has so far been felt?
BERLIN, Germany - The re-opening of bicycle shops in Germany as announced last night by the federal and state government comes as a big relief for the bicycle industry. As Europe's largest e-bike and bicycle market the restart of retail will be an important indication on how sales will develop when shops will be allowed to open after the Corona crisis in other European countries.
SAINT-JEAN-DE-MOIRANS, France - The French Rossignol Group, owner of Rossignol, Time Sport and Felt, announced a few weeks ago, the opening of a procedure regarding the future of Time Sport. This procedure concerns the carbon frames production and assembling site in Gajary, Slovakia, and the brand's headquarter in Saint-Jean-de-Moirans, France, where the design and marketing departments are located. The group's decision does not include the pedals and shoes activities.
TAIPEI, Taiwan - This morning Taipei Cycle Show organiser TAITRA (Taiwan External Trade Development Council) announces the cancellation of the new Taipei Cycle+ and TaiSPO+ events that were scheduled for 14 to 16 May.
STUTTGART, Germany - The multichannel bicycle and outdoor retailer Internetstores GmbH again reports expanding sales to 373 million euro in 2019. Including 2019, Internetstores claims an average growth rate of over 30 percent per year from 2017 onwards.
PLOCHINGEN, Germany - Increasing pressure by webshops on a sporting goods sector in Germany that's already facing difficulties, make for tough market conditions.
TAICHUNG, Taiwan - Are they looking for an outright confrontation; or does it only seem that way and are the very early 2020 Taichung Bike Week dates prompted by what is now common practice in America; delivering the first series of the new model year in the middle of the sales season?
