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HEERENVEEN, Netherlands (BRAIN) — Accell Group says its traditional bike sales were down 13% in value last year, while sales of e-bike were up 11% and of cargo bikes up 47%.

Tagged Earnings/Financial Reports
Major bike maker warns that 'anti-Chinese sentiment' in Vietnam could cause delays there and in Cambodia.
A welder at a Taiwanese bike factory. BRAIN photo.

TAICHUNG, Taiwan (BRAIN) — The CEO of A&J Bicycles — one of the world's largest bike makers, with factories in Taiwan, China, Vietnam, and Cambodia — is warning customers of possible shipment delays due to the novel coronavirus outbreak in China.

Tagged Coronavirus / Tradeshows and conferences
Stella Yu toasts guests at the 2019 Velo/Wellgo/Prologo dinner.

TAIPEI (BRAIN) — The welcoming dinner, hosted by the Velo saddle company, Wellgo pedal and Prologo, has been canceled. The show is surveying registered visitors to see if they still plan to attend.

Tagged Taipei Cycle Show
Taipei Cycle attracts more than 1,110 exhibitors and 8,000 visitors.

TAIPEI, Taiwan (BRAIN) — Taiwan-based exhibitors at the Taipei Cycle show — scheduled to open a month from Tuesday — are circulating a petition asking organizers to cancel it because of the new coronavirus outbreak in China. 

Tagged Taipei Cycle Show / Coronavirus / Tradeshows and conferences
Workers at Bafang's factory in Poland.

SUZHOU, China (BRAIN) — Bafang, one of the world's largest e-bike drive system manufacturers, has announced that it is extending delivery lead times by at least 10-15 days because of the coronavirus outbreak.

Tagged Electric bike / Coronavirus / Tradeshows and conferences
Unsplash photo of man in Macau, China, in face mask during the coronavirus outbreak.

TAIPEI, Taiwan (BRAIN) — Next month's Taipei Cycle Show will be held as scheduled, organizers announced, but visitors and exhibitors from mainland China will not be welcome. Organizers also said all workers at the show will be required to wear face masks. 

Tagged Taipei Cycle Show / Coronavirus / Tradeshows and conferences
ISPO Beijing has been canceled because of the outbreak.

(BRAIN) — Due to the spread of the coronavirus, Chinese businesses and government officials are extending the Lunar New Years holiday closing period until at least Feb. 8 in more regions, increasing the likelihood of bicycle shipment delays. 

Outbreak might reduce participation at March's Taipei Cycle show
Hong Kong, where this photo was taken, has restricted travel to and from China.

MILTON KEYNES, United Kingdom (BRAIN) —The U.S. industry, which depends on China for about 95% of its bikes as well as many of its parts and accessories, is bracing for disruption due to the Coronavirus. The virus has sickened thousands in China and led to travel restrictions into and out of the country, as well as within it.

Tagged Coronavirus / Tradeshows and conferences

WASHINGTON (BRAIN) — The bike industry got good news on tariffs on Friday from two directions.

Tagged Tariffs
A worker at the Sunrise Bicycle Industrial Co.

TAICHUNG, Taiwan (BRAIN) — Changing labor laws, an aging population and aversion to working in rural locations all challenge Taiwan’s bicycle factories as they try to recruit qualified employees.

AMSTERDAM (BRAIN) — Pon.Bike, which owns Cervélo, Santa Cruz, Gazelle, and other brands, has acquired Urban Arrow, a Dutch electric cargo brand.

Tagged Electric bike / Mergers & Acquisitions
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 market and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the company's 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

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