Bike Care News:
BRUSSELS, Belgium – The last Thursday published “General Final Disclosure Document” on “Case AD643 – Anti-dumping proceeding concerning imports of electric bicycles originating in the People’s Republic of China” brings to light the motivations that lead to the European Union’s intention to impose high dumping duties on e-bikes imported from China. The European Commission’s motivations vary from state interference by China leading to distorting competition bringing significantly lower than averag...
BRUSSELS, Belgium – In a reaction to the publication of the Disclosure Document Moreno Fioravanti, Secretary General of the European Bicycle Manufacturers Association (EBMA) said “The disclosure is the next critical step to stop China dumping e-bikes in the EU. Without EU action, China’s unfair trade practices would destroy the European e-bike industry and record investments of over 1 billion euro per year in the EU. The EBMA wholeheartedly supports the view shared by the European Commission and...
GAND, Belgium – In a reaction to the Disclosure Document LEVA-EU and the Collective of European Importers of Electric Bicycles state that “Dark days are ahead as EU Commission discloses intention to impose duties.” LEVA-EU also reacted on EBMA’s comments about the Disclosure Document. It calls these comments “A stream of fake news.”...
PHILADELPHIA, USA – Last week Advanced Sports Enterprises (ASE) CEO Pat J. Cunnane informed his customers in a letter that ”The company has taken action to restructure and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code”. The move is intended “to facilitate the company’s long-term, strategic goals of enhancing profitability and reaffirming its commitment to its employees, vendors and the communities ...
KARLSTEIN, Germany – The BMZ Group took over the Frankfurt-based TerraE Holding GmbH. In May 2017 the TerraE consortium was founded by three investors with the intention to build a factory for large-scale li-ion cell production. Last month German media reported that the project didn’t take off successfully. Yesterday BMZ reported the take-over of the majority of shares....
BRUSSELS, Belgium – Yesterday, the European Commission has published its long-awaited “General Final Disclosure Document” on “Case AD643 – Anti-dumping proceeding concerning imports of electric bicycles originating in the People’s Republic of China.” In this Document, that the European Commission will send to stakeholders and parties which have co-operated in the proceedings, the outcome of EU’s extensive investigation on e-bike dumping by China is published together with the proposed anti-dumpi...