ZURICH, Switzerland - Rising costs, the looming threat of larger recession, low consumer confidence and continuing operational challenges are set to create headwinds, according to sports and bicycle the industry executives. This is one of the key findings from the WFSGI (World Federation of the Sporting Goods Industry) and McKinsey latest annual report.
AMSTERDAM, the Netherlands - The trendy Amsterdam based brand VanMoof has seen its turn-over hike since 2017. A strong global branding made it an attractive investment for private equity. But VanMoof has also experienced the back side of the current supply chain problems, just like many others in the industry.
BERLIN, Germany - In addition to the regular market for e-bikes, the replacement market is becoming increasingly important in Germany. No less than 25% of consumers who intend to buy an e-bike already owns one. This is a significant increase compared to previous years.
CHANGHUA/TAICHUNG, Taiwan - As 2023 begins, Taiwan's second and third largest bicycle producers Merida Industry Co. and Ideal Bike Corporation are announcing important changes at top level management in the company.
ZEIST, the Netherlands - The provisional agreement on the overhaul of the EU battery regulations is an important step to provide more clarity for the future. In a series of reports, e-bike battery expert James Post, will address the problems and solutions on making batteries safe in an affordable way. He will also discuss the chip supply chain crisis.
BRUSSELS, Belgium – To update the bicycle and e-bike industry, CONEBI will host a workshop on the latest developments in the Connected and Automated Mobility platform (CCAM). The objective is to unite all partners in the connected mobility ecosystem.
SCHWEINFURT, Germany - SRAM's activities in the e-bike category have entered a new stage now the German e-bike drive systems supplier Amprio is connected to the American bicycle component manufacturer.
BERLIN, Germany - Urban logistics e-cargobike manufacturer Onomotion has closed its Series A, with €6 million in equity and €15 million in debt. "We will use the debt to build more vehicles and scale our operations," co-founder and CEO Beres Seelbach.
FREIRACHDORF, Germany - Customised bike specialist Müsing has hired two industry veterans to realign its corporate strategy. Ralf Barthel and Tanja Barthel have joined the team as CSO and COM.
BRUSSELS, Belgium - To support and grow mountain biking in Europe the International Mountain Biking Association Europe (IMBA Europe) and Cycling Industries Europe (CIE) have announced a 3-year collaboration.