MADRID, Spain - E-bike and bicycle sales in Spain hiked to more than 1.5 million units in 2020, a record. According to the latest statistics published by the Spanish Bicycle Industry Association AMBE, the total market volume increased by 24.1% compared with 2019. The e-bike category recorded the biggest growth.
Sigma-Elektro is adapting its processes and structures to meet the requirements of the e-mobility and bike industry, positioning itself as a professional OEM supplier. Director of business development Lars Adloff discusses the company's strategic shift and its implications for the future.
Enduo Mobility has come up with a robust solution for e-cargo chaindrive systems called EnduoCargo. It's designed to endure heavy loads under challenging conditions alongside providing a safe and long-lasting cycle experience for the rider. It's three key components, which come as part of the system, include the EnduoCargo industrial-grade chain, Enduo chainring and Enduo sprocket.
FERNDALE, Canada - Founders Dan Gerhard and Jake Heilbron have purchased Kona Bikes back from Kent Outdoors, along with a team of dedicated, experienced Kona employees. Kent Outdoors had been looking for a new owner for some time and handed over the company back to the former owners for an undisclosed amount.
OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first quarter of 2024, net sales decreased by double digits compared to last year. Also for the rest of the year the outlook will remain uncertain for Shimano.
DRESDEN, Germany - Encouragement can be found in German e-commerce bike, running and swimming sports retailer Bike24 Holding AG's first quarter results. Here, an expected return to growth with improved profitability as well as an impressive growth in Bike24's relatively young Benelux country markets can be seen.
REDDITCH, England - In a trading update Halfords Group announced to expect a significant drop in like-for-like revenue growth in its retail business. The company reports a further material weakening in three of its four core markets, including cycling.
STUTTGART, Germany - BH Bikes from Spain will be the first to be supplied with the new SEG Automotive e-bike systems. SEG Automotive is one of those big players from the automotive industry that not many people are familiar with. They supply virtually all major car manufacturers and power over 300 million vehicles on the road today with their e-machines.
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.
HUTTWIL, Switzerland - The current difficult market situation in the entire bicycle industry, including a post-pandemic market correction, is also affecting the ZEG owned Swiss e-bike manufacturer Flyer AG. To secure the future of the company and maintain production at its Swiss location, an extensive restructuring program has been drawn up.
COPENHAGEN, Denmark - The ambitions were sky high when Mate Bike was founded in 2016. Investors were easy to entice based on the projected growth of the e-bike market. However, expansion came too quickly, and Mate Bike is now fighting insolvency.
FRANKFURT, Germany - After winning over industry insider Alex Thusbass as CEO in May 2023, the young Germany-based e-bike maker Hepha Bikes celebrated its exhibition premiere at this year's Eurobike.
OSAKA, Japan - Shimano regards 2023 as an "in-between year" as Marc van Rooij, President Shimano Europe Group already explained at Eurobike. This is reflected in the financial results for the first half of 2023. The Japanese manufacturer reports a net sales decrease in bicycle components of 17.7% to JPY 204,986 million (€1.3 billion) year-on-year, and operating income decreased 39.5% to 42,093 million yen (€270 million).
DRESDEN, Germany - In its latest financial statement, online retailer Bike24 Holding AG speaks of a "persistently uncertain economic environment" which results in a year-on-year decline of its net sales by 10.5% to € 55.27 million in Q1-2023. In addition, increasing financing expenses exceeded € 10 million in the first three months of this year.
OLDENBURG, Germany - Mass merchant supplier Prophete GmbH & Co. KG and IBD supplier Cycle Union filed for insolvency yesterday. Already in mid-2019 Prophete ran into difficult waters and owner families Lönne and Prophete brought in a turnaround consultancy. It now turns out that this was not enough.
FRANKFURT, Germany - Urban Mobility Group designer Peter van der Veer took off to Eurobike to see the latest developments in cycling and test them on the extensive track. Two days turned out to be too short to take a good look at all the novelties, but here's an overview of the many remarkable bicycle innovations.
REUTLINGEN, Germany - The launch of Bosch's new ABS system for e-bikes has been long awaited. Incorrect braking is seen as one of the main causes of accidents. "The front wheel brake on a bicycle is crucial for a short braking distance," says Claus Fleischer, CEO of Bosch eBike Systems. The new Bosch e-bike ABS with brake components from Magura will be available from this summer.
The bicycle industry is usually not shy about using eye-catching slogans and representations when it comes to introducing new products. In the middle of a fast-growing and challenging environment with constantly new demands for product innovation, brands need to bring top-notch products to the market in order to grow and differentiate themselves.
SUZHOU, China - E-bike battery manufacturer, Phylion, has received a new strategic investment of 950 million yuan (€135 million). The total financing round is expected to reach 1.5 billion yuan (€210 million), with which the company plans to accelerate its innovation in technology, products and business strategy to create more value for the lithium battery industry.
STOCKHOLM, Sweden - Swedish battery developer and manufacturer, Northvolt has marked a new chapter in European history with the first cell to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company. A breakthrough for Europe's budding e-bike industry?
