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Bafang's production line in Poland, photo courtesy of Bafang.

SHANGHAI, China (BRAIN) — Bafang Electric has debuted on the Shanghai Stock Exchange, selling 30 million shares on the capital marketing and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the total share capital.

Tagged Earnings/Financial Reports

MADRID (BRAIN) —Trainer and software brand Bkool has sold its hardware rights to a fellow Spanish indoor training company, Versa design, which markets the Zycle brand of trainers. Versa will rebrand the BKool trainers under the Zycle brand while BKool focuses on its cycling simulation software business. 

Tagged Mergers & Acquisitions
Photo from Customsnews.vn.

BINH DUONG, Vietnam (BRAIN) — Vietnam customs officials have seized a shipment of 313 bikes that was bound for the U.S., charging that the exporter had improperly labeled the bikes as “Made in Vietnam” to avoid U.S. tariffs on Chinese bikes. 

TAITRA officials met with journalists on Monday to discuss the bike industry.

TAICHUNG, Taiwan (BRAIN) — TAITRA officials said Monday during an introductory press conference before its annual bike factory tour week that Taiwan's e-bike exports grew by 131% by volume in the first three quarters of this year compared to the same time last year.

Tagged Electric bike / Taipei Cycle Show
Taichung Bike Week concluded its 15th year on Friday.

TAICHUNG, Taiwan (BRAIN) — Steve Fenton always has said Taichung Bike Week is a three-day show for the industry by the industry. After concluding its 15th annual event on Friday, Fenton said Bike Week delivered again.

Tagged Taichung Bike Week

DENDERMONDE, Belgium (BRAIN) — Cycling legend Eddy Merckx was admitted to the emergency room at a Belgian hospital Sunday following a heavy crash while riding his bike, the Belgian daily Het Nieuwsblad reported.

Courtesy photo.

SAN LUIS POTOSÍ, Mexico (BRAIN) — As the Trump administration upends global trade policy with China with punitive tariffs on bicycles, parts and accessories, Mexico’s Grupo Mercurio is eyeing the U.S. market.

ZURICH (BRAIN) — Accell Group has sold Protanium, a pedelec development brand, and Diavelo, an associated pedelec bike brand, to a new Swiss company headed by pedelec entrepreneur Karin Vogelsanger. 

Tagged Electric bike / Mergers & Acquisitions
Bosch will continue to work with QBP for service in the U.S.

REUTLINGEN, Germany (BRAIN) — Bosch eBike Systems is taking a 50% stake in Magura Bike Parts, a subsidiary of Magura. The new venture, called Magura Bosch Parts & Services, will handle service and replacement parts distribution for Bosch e-bike systems in Europe. A spokesman at Bosch's U.S.

Tagged Electric bike

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing's chairwoman, Bonnie Tu, told Bloomberg that the era of "Made in China" is over.

Tagged Tariffs / Electric bike

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike's organizers are changing some policies in order to engage consumer-direct brands, brands with large dealer events, and other companies that have seen little value in attending trade shows.

Tagged Eurobike

WASHINGTON (BRAIN) — Early in this decade, the U.S. imported bike car racks, high-end road wheels, and the occasional road bike from Mexico. As recently as 2001, the U.S. imported hundreds of thousands of bikes annually from south of the border. But more recently, Mexico has exported almost no bicycle products to the U.S.

Tagged Tariffs

GIVISIEZ, Switzerland (BRAIN) — Scott Sports is now occupying its new headquarters building here, a 7-level, 278,000-square-foot structure that houses 600 employees in the company's Bike, Winter, Moto and Running divisions.

KIRCHBERG, Luxembourg (BRAIN) — Giant Electric Vehicles has asked the General Court of the European Union for an anullment of the 24.6% anti-dumping duties it imposed on the company's China-made e-bikes in January.

Tagged Tariffs / Electric bike

BEIJING (BRAIN) — China is considering restricting the export of rare-earth magnets in response to the trade war with the U.S. A restriction could throw a big wrench into the e-bike market, because the magnets are a critical part of all e-bike motors and China controls much of the world's supply.

Tagged Tariffs / Electric bike
The Bold Unplugged Volume 2 frame.

GIVISIEZ, Switzerland (BRAIN) — Scott Sports has announced "a strategic collaboration" with Bold Cycles, a Swiss brand founded in 2015 known for its innovative carbon full suspension frames, which feature fully enclosed rear shocks.

Tagged Mergers & Acquisitions

SHANGHAI, China (BRAIN) — At the China Cycle show being held here this week, the folding bike brand Dahon has announced an expanded initiative to license some of its intellectual property to other bike makers. 

Tagged Tradeshows and conferences

WASHINGTON (BRAIN) — Some hubs and sprockets would be among the $11.5 billion in goods subject to retaliatory tariffs of up to 100% proposed by the Trump administration.

Tagged Tariffs
Personal request led to cross-Atlantic business deal.

REXFORD, N. Y. (BRAIN) — Prestacycle, a U.S. supplier of hand and inflation tools, is now the exclusive North American distributor for the European wheel and component brand Edco. Likewise, Edco, based in Germany, is now distributing Prestacycle products in Europe.

TAIPEI, Taiwan (BRAIN) — The Trump Administration’s ongoing dance with the Chinese over tariff issues — and with no end point in sight — has Taiwanese manufacturers and suppliers continuing to evaluate supply chain logistics.

Tagged Tariffs / Taipei Cycle Show

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