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EU Import Figures Indicate Hard Drop in Trekking, Road and MTB Sales

BRUSSELS, Belgium – Booming e-bike sales in many EU markets is proving to have a major downside. Heavy pressure on sales of conventional bicycles. This is clearly reflected in the EU import. Eurostat figures for the first three quarters of 2017 show that big shifts per country are taking place. They indicate a hard drop in higher-priced trekking, road and mountain bikes sales....

Future President Joins Board of Shimano’s Biggest Subsidiary

EINDHOVEN, the Netherlands – Taizo Shimano has joined Shimano Europe’s Board. He is the son of Keizo Shimano who was the company’s top technician; the inventor of for instance, Dual Control who passed away much too early. Taizo Shimano’s new role brings him a step closer to his predestined position as President of the world’s biggest bike component maker....

Intersport Deutschland Enters into Sourcing Partnership with Signa Sports

HEILBRONN/ESSEN, Germany – Intersport Deutschland eG, the German subsidiary of Intersport International Corporation GmbH (IIC) and Signa Sports Group, owner of Karstadt Sports and majority shareholder of multiple bicycle and outdoor webshops signed a strategic partnership this week. It leads to a new (German and international) purchasing powerhouse....

Bulgaria Turning into Newest EU Bike Valley

SOFIA, Bulgaria – Supplying close to one million units to European countries, Bulgaria is already an important manufacturer of bicycles and e-bikes for the EU market. Ongoing investments in the modernization of production and increasing the capacity should improve this strong position....

CES 2018 Award for Sitael’s Intelligent Smartphone Holder

LAS VEGAS, USA – Siteal has been named a CES 2018 Innovation Awards Honoree for its ‘Magnetic Assisted Tap’ (MAT) for e-bikes. MAT is a new concept of smartphone holder and docking station transforming an e-bike into a fully connected vehicle....

German Government Invests Millions in Study on Battery Cell Production

FRANKFURT, Germany – This month a consortium of 17 companies and research institutions starts R&D on processes for large-scale series production of lithium-ion battery cells. This 12.1 million euro project has received a 5.5 million euro grant from the Federal Ministry of Education and Research (BMBF)....

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