Industry News

Washington's Capitol building.

OLYMPIA, Wash. (BRAIN) — A Washington state Senate committee is holding a hearing Tuesday on a bill that would exempt e-bikes from the state's 6.5% sales tax.

The legislation is one of several e-bike subsidies being deliberated by state and federal lawmakers this year.

Tagged Electric bike
SRAM claims that PCW is infringing on its patent for a rim shape inspired by a humpback whale flipper.
A photo of a Princeton Carbon Wheelworks wheel from the SRAM complaint.

CHICAGO (BRAIN) — SRAM Inc. is suing Princeton Carbon Works, Inc. for patent infringement. SRAM says that the wavy rim shape on Princeton's carbon road wheels infringes on its patent for a rim shape inspired in part by a humpback whale flipper.

MONTRÉAL (BRAIN) — Dorel Industries Inc. said Friday it will sell one of its Chinese manufacturing facilities for juvenile products to the Guangdong Roadmate Group Co. for $51 million.

UPDATED
Eminent launched the Onset MT model last April.

SAN MARCOS, Calif. (BRAIN) — Mountain bike brand Eminent Cycles, LLC has filed for Chapter 11 bankruptcy protection.

DENTON, Texas (BRAIN) — Bunch Bikes, a D2C cargo bike brand, will appear on ABC's Shark Tank in an episode that will air March 26.

Bunch Bikes founder and CEO Aaron Powell will pitch his company to the show's "shark" investors. 

Company goes outdoor to promote its new e-bike model.
Cannondale's Adventure Neo electronic billboard in Times Square.

WILTON, Conn. (BRAIN) — Cannondale unveiled a series of billboards in high traffic locations in four cities to tout its newest e-bike line and the benefits of cycling from a green transportation and health and fitness perspective.

Tagged Electric bike

ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.

Tagged Electric bike
Dorel says supply constraints, increased shipping costs and CSG's switch to calendar-year models impacted Q4 profits.

MONTRÉAL (BRAIN) — Dorel Sports recorded a 14% sales increase in its fourth fiscal quarter and a 15% increase for its full fiscal year, which ended Dec. 30. Dorel Sports is the division of Dorel Industries that holds its bike brands, including Cannondale, Schwinn, GT and others.

Tagged Supply chain / Earnings/Financial Reports
Bill also introduced to extend loan assistance until May 31.

WASHINGTON (BRAIN) — The Paycheck Protection Program received an additional $7.25 billion as part of the passing of the American Rescue Plan Act on Thursday.

Charles T. Brown

BOULDER, Colo. (BRAIN) — Engaging and encouraging marginalized communities and investing in infrastructure will grow cycling and make it more inclusive, according to a new study commissioned by PeopleForBikes.

Tagged DEI and Sustainability

WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.

Tagged Coronavirus / DEI and Sustainability

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.

Tagged Earnings/Financial Reports
It may happen — AFTER the boom.
Photo by Daisy Chen on Unsplash.

TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.

Tagged Supply chain
BLM employees speak out in an anonymous survey conducted by the Public Employees for Environmental Responsibility.

SILVER SPRING, Md. (BRAIN) — The Bureau of Land Management was plagued by increasing extremism, retaliation and employee intimidation, and political influence during the Trump Administration, according to a Public Employees for Environmental Responsibility anonymous survey of current and former employees.

The heart of Taichung.

TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.

Tagged Supply chain
"You are either at the table or you are on the menu," Specialized's Bob Margevicius tells Taiwan industry.
Bob Margevicius

TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table  — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.

Tagged Supply chain / Taipei Cycle Show

WASHINGTON (BRAIN) — Bicycle imports were up 49% by unit count in January, compared to January 2020. In dollars, imports were up 26% year-over-year. 

Tagged Supply chain
The Dutch company saw a sales increase of 17% last year.

HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.

Tagged Earnings/Financial Reports
Black History Bike Ride was created by Talib Abdullahi.

AUSTIN, Texas (BRAIN) — Route-finding app Ride Spot has teamed with Black History Bike Ride to raise money and create more routes and expand the city bike tour.

Tagged DEI and Sustainability

BRISTOL, Tenn. (BRAIN) — Huffy Corp. announced it also will sponsor NASCAR driver Chase Briscoe's No. 04 Roper truck in this year's Camping World Truck Series.

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