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.
Taipei Cycle, the leading cycling industry show, held a press conference this week to present its grand vision for TAIPEI CYCLE 2024. Following an intensive two-day visit, twelve international media representatives from nine countries came together to gain a deeper understanding of new benchmarks within the industry, embracing themes of Micro-mobility, Innovations & startups, Green action and Culture & lifestyle.
TAICHUNG, Taiwan - The expanding e-bike market in the transition to sustainable mobility gave Taiwan a key role in the ever-changing landscape of transportation. "Taiwan is dedicated to reduce its carbon footprint while sustainability has become an essential aspect of responsible business practices," stated TAITRA CEO Simon Wang at the Taipei Cycle 2024 press conference last week.
HOOFDORP, the Netherlands - Citing "limited progress on addressing supply chain challenges, which has eroded liquidity headroom and led to deeply negative free cash flow (FCF) in 2023," the international credit rating agency Fitch has revised its outlook for bicycle manufacturer, Accell Group, downwards for the second time in months.
ZEIST, The Netherlands - Automotive suppliers entering the e-bike market has been a trend over the past few years. Trade shows like IAA Mobility which aims to integrate all mobility providers under one umbrella demonstrates the slight cracks in the car industry's dominance as other forms of mobility successfully emerge. Bike Europe editor-in-chief, Jan-Willen van Schaik explores this further.
NEW DELHI, India - The long-term business connection with Bachtenkirch-Interbike based in Möhnesee, Germany gave Indian Hero Ecotech a head-start on the European market. This relationship however, is not exclusive and Hero Ecotech works with multiple partners in Europe. The company is still open for new joint ventures at any time.
GENUA, Italy - The total revenue of the Italian bicycle and component manufacturers increased by 10% reaching the threshold of € 2 billion in 2022. The increase in turnover went hand in hand with the increase in profitability reports the Italian Banca Ifas in their third annual edition of 'Bicycle Ecosystem'.
AMSTELVEEN, the Netherlands - A new study reveals big changes of the buying behavior of European customers at the IBD. In the Netherlands and Belgium only 20% of the people change their mind during the sales process. These percentages are much higher in Italy (27%), France (31%) and Germany (34%).
PHNOM PENH, Cambodia - As rapidly as bicycle exports increased during and in the aftermath of the pandemic, Cambodia is now losing this trade again. In the first half of this year, the five bicycle factories in the country, all located in SEZs of Svay Rieng province lost a third of their business.
SEATTLE, USA - In a publication on its website, Rad Power Bikes has announced it will pull out of the European market. The company wants to focus on its home market in North America, "in order to be competitive and successful in the long term."
