SHENZHEN, China - Earlier this week folding bike pioneer Dahon celebrated the Grand Opening of its new HQ in Shenzhen.

HO CHI MINH, Vietnam - Last month DLG (Shanghai) Electronic Technology Co. has opened a facility for making battery packs for e-bikes, e-scooters and motorcycles as well as energy storage systems.

JAKOBSTAD, Finland - Herrmans Ltd. transformed its two business units for bike components and heavy-duty vehicles light to separate subsidiaries at the start of 2020. Herrmans Bike Components Ltd will focus on the European bicycle and e-bike market and develop as well as grow the existing business.

HEERENVEEN, the Netherlands - After acquiring full ownership of e-Cargo bike maker Velosophy B.V. - known for the Babboe brand - last year; Accell Group continues to expand investments in this sector.

SUZHOU, China - Phylion recently celebrated the production of its 10th million power lithium-ion batteries. According to Phylion Battery's chairman and president Feng Xiao "Manufacturing lithium batteries is a serious process. You can't just come and go like webshops.

REDDITCH, UK - In the 14 weeks to 3rd January 2020 Halfords reports a staggering jump of 96 percent year on year sales of electric bikes and e-scooters. This category now accounts for around 13.5 percent of total bikes sales at Halfords.

OSAKA, Japan - The last Tuesday published Shimano Inc. 2018 financial report holds positive statements on the performance of the European bike market. However, Shimano is less positive on the outlook for 2019 as Brexit looms as well as rising fiscal instability in Italy.

ŠIAULIAI, Lithuania - Based in Lithuania's fourth largest city, Baltik Vairas celebrated its 70th anniversary end of 2018 with good financial results. "Fiscal year 2018 was a very good year for us," said Baltik Vairas CEO Žilvinas Dubosas.

KUFSTEIN, Austria - Before Covid-19 hit the global market young e-mobility service company Greenstorm Mobility GmbH had been working on nothing but growth and expansion. The 2016 founded start-up has now hit the brake and will only focus on what they call essential business areas - meaning, "where experience has shown that it makes sense and above all stands for profit and liquidity".

ROSSANO VENETO, Italy - Wilier Triestina's investment programme in both regular and e-bike MTBs seems to pay off. The well-known Italian brand has reported an increase in sales and profit during the first half of this year. The company expects to generate a turnover of €65 million this year.

SILVERTHORNE, Colorado - The online retailer of namely Italian cycling products, pinkjersey.com, has announced ambitious plans to open up to 250 locally owned retail bicycle shops and service centres across the United States. The company is best known for lower cost Campagnolo groupsets, and spare parts.

CHANGHUA, Taiwan - To further advance the electrification of bicycles, Taiwan's high-end OEM and ODM frame producer, Astro Engineering Co. Ltd., has entered a collaboration with electronic component producer, Darfon Electronics Corporation and called it Astro Tech Co ltd.

ANNECY, France - The troubles of French bicycle part manufacturer, Mavic, have been continuing since entering receivership. The company, which has been run under the administration of the company, By Saving, since March, has now been placed under court observation for six months.

TAICHUNG, Taiwan - Last year Taiwan's leading bicycle manufacturer Giant Group reached a consolidated revenue of NT$ 63.45 billion (1.90 billion euro), a historical record. Compared to the previous year, this is an increase of 5.3 percent.

SENNFELD, Germany - Accell Group's subsidiary Winora opened an all new 'Innovation & Service Center'. It houses the global innovation and technology center, sports headquarters, service, quality management and compliance departments.

LUDHIANA, India - Indian bicycle producers are expanding their portfolio and investing in e-bike production lines. Dutch bicycle machinery maker Holland Mechanics, regarded as an early entrant in the Indian market, has also started offering e-bike assembly solutions, focusing on the assembly line along with fo

BILBAO, Spain - Canyon is to partially license Orbea's patented Inside Line technology. Orbea's Inside Line patent covers improvements of the internal routing for the rear shock lockout cable.

TAICHUNG, Taiwan - The strong demand for bicycles and e-bikes worldwide bring fully booked production facilities for Taiwan's leading bicycle producer Giant Manufacturing Company Limited. For Giant e-bikes are the main sales driver.

ZEIST, The Netherlands - Incase it didn't arrive on your doormat, the February edition of Bike Europe magazine (issue 1/2022) is now available to read online in our digital magazine section. Read about the impact of Specialized's move to roll out a global D2C sales strategy and Davide Campagnolo's view on the supply chain bottlenecks.

WOUDENBERG, The Netherlands - Extreme market fluctuations, a new business model overhaul, repositioning of the brand... it has been a busy couple of years for Cycling Sports Group (CSG) Europe and its leading brand, Cannondale. From the new headquarters in Woudenberg, the Netherlands, the company is now preparing for the next stage in its growth. Upstream investments are on the horizon.