Industry News
TAICHUNG CITY, Taiwan (BRAIN) — Giant Group is noting that new product launches helped increase its gross margin rate in the first quarter, when the manufacturer recorded a net loss after tax of NT$200 million ($6.37 million).
TAIPEI (BRAIN) — Taiwanese bike makers Merida Industry and Ideal Bike are each reporting sales declines in April, following on declines reported for the first three months of the year.
OTTOBRUNN, Germany (BRAIN) — Citing "fundamentally changed market conditions for e‑bike drive systems," Porsche AG announced Friday it is closing its e-bike subsidiary Porsche eBike Performance GmbH.
DULUTH, Ga. (BRAIN) — Sales in Fox Factory’s Speciality Sports Group, which includes is bicycle-product business, were down 8.7% in the first quarter from the same period in 2025.
BOULDER, Colo. (BRAIN) — Giant Group USA signed a lease on a 44,000-square-foot building here that will serve as its American headquarters.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components told its U.S. and Canada retailers Tuesday it is permanently lowering prices on its entire Turbo Levo e-bike lineup, with MSRP reductions from 6% to 27% and wholesale pricing drops of 3% to 27%.
CHATTANOOGA, Tenn. (BRAIN) — Titanium frame maker Lynskey Performance Products, LLC, filed for Chapter 11 bankruptcy protection on April 30, saying the cashflow challenges after launching an e-commerce business with Shopify contributed to its troubles.
NASHVILLE, Tenn. (BRAIN) — Light Electric Vehicles Manufacturing, part of the Life EV Group that acquired Rad Power Bikes in March, purchased a 100,000-square-foot facility in Algood that will serve as the assembly, distribution, and eventually the manufacturing center for the brand.
SHIREBROOK, England (BRAIN) — Frasers Group acquired financially struggling kids' brand Frog Bikes, which will now be sold through Evans Cycles.
HONOLULU (BRAIN) — New Jersey's passage of a bill requiring license, registration, and insurance for low-speed e-bikes and high-speed e-motos raised concern among the industry that other states would follow.
LONG BEACH, Calif. (BRAIN) — Zwift purchased real routes online platform Rouvy in an acquisition labeled as a strategic cooperation in which each will maintain independent operations. Terms of the deal were not disclosed.
STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales decreased 3.4% with the North America region dropping 13.8%.
OLATHE, Kan. (BRAIN) — Led by growth in its Fitness segment, which includes cycling products, Garmin Ltd. revenue increased 14% year-over-year in a record first quarter.
TAIPEI, Taiwan (BRAIN) — Taiwan’s three publicly traded bicycle makers — Giant, Merida, and Ideal — each showed sales revenue declines in March and for the complete first quarter.
SANTA ANA, Calif. (BRAIN) — A mother has been charged with felony child endangerment after her 14-year-old son riding an e-moto critically injured an 81-year-old Vietnam veteran. It's the latest arrest of a parent in California for allowing access to an e-moto that resulted in a crash.
OSAKA, Japan (BRAIN) — Sales in Shimano's bike division were down 0.7% in in the first quarter, but operating earnings in the business unit plummeted 46% in the quarter.
EL PASO, Texas (BRAIN) — Helen of Troy — the parent of Osprey and Hydro Flask — recorded a fourth-quarter net sales decrease of 3.3% year-over-year while its Home & Outdoor category (which contains Osprey and Hydro Flask) slipped 1.4%.
STOCKHOLM (BRAIN) — MIPS reported first-quarter net sales increased 30% year-over-year with its Sports sub-category that includes bike helmets rising 24%.
AUSTIN, Texas (BRAIN) — Woom announced on Earth Day Wednesday a resale marketplace platform for parents to sell and purchase the brand's used kids' bikes in a pledge to sustainability.
(BRAIN) — Seth Alvo, whose YouTube channel has 2.75 million subscribers, announced in a video last week that he is now part owner of Clik Valve, which sells an alternative to presta valves.
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