Volume 22, nr. 9 September 2018
ON TOP LEVEL WITH BIKE EUROPE
WWW.BIKE-EU.COM/SUBSCRIBE
Trade Journal for the Bicycle, E-Bike & Scooter Market
Outrunning Dumping Duties & Tariffs RELOCATION FACED WITH RESTRICTIONS
P. 8
Bosch eBike Systems CEO Claus Fleischer Predicting the E-Bike Future MARKET REPORTS RUSSIA, CHINA P. 9,10
MORE EUROBIKE NEWS
P. 14
INTERVIEW
P. 7
As China’s (electric) bike export is hit hard by EU anti-dumping duties and US tariffs
All-Out Production Relocation by Chinese Makers Coming? SHANGHAI, China – After the EU imposed provisional anti-dumping duties on e-bikes Imported from China, the US also hit them with an import tariff. Will it trigger Chinese makers to relocate?
O
n 18 July the European Union announced the 37 to 84% provisional anti-dumping duties on e-bikes imported from China. About one month later the United States declared a 25% tariff on its import of the same
Harley Davidson Looking for New Markets and Turns to E-Bikes
M
ILWAUKEE, USA - It’s considered as one of the company’s options for blazing into new trails. But it’s not one that fits with the image of the iconic motorcycle brand. Harley Davidson is looking into e- bikes as well as lightweight electric motorcycles. The listed company that annually makes some 6 billion US dollars is steering into new markets as consumer demands are changing fast. In 2019 the company is to launch its first electric motorcycle “to tackle the urban landscape”.
product. And there are more EU dumping duties and US tariffs coming; also for regular bicycles and (electric) bike parts. How the Chinese manufacturers and exporters of these products are responding to these measures became apparent at last July’s Eurobike. Here for instance the Golden Wheel Group showed that it will switch production from China to the Czech Republic. Is it that simple to avoid and outrun the dumping duties and Trump-tariffs? At first sight that’s what is about to happen. An all-out production relocation by Chinese makers to other Asian countries. And in particular
to countries that enjoy EU trading benefits for example through EU’s Generalized System of Preferences (GSP) or through Free Trade Agreements resulting in duty free export.
More to consider A relocation to the US will also be considered for the production of high-end e-bikes as well as to (Eastern) Europe. Or are there other considerations that influence the decision of Chinese exporters to move their production? And to what extent does legislation also come into play here? Before delving deeper into the con-
Putting Bike Industry at Core of Sustainable Development ROTTERDAM, the Netherlands – Following the successful first World Cycling Forum held in Porto last year, this trade journal in cooperation with the World Federation of the Sporting Goods Industry (WFSGI) will organise the second edition of this International Conference that focusses on the top of the industry. The 2nd
World Cycling Forum is scheduled for Tuesday 4 and Wednesday 5 June 2019 and will take place in Rotterdam, the Netherlands. The main theme of this 2-day International Conference for the industries’ top management is “Putting the Bicycle Industry at the Core of Sustainable Development”. More info will follow soon.
siderations that will be made; there’s also another option to be regarded. That’s the obvious one of absorbing the duties and tariffs of the EU and the US. This means that the Chinese exporters together with their import customers, each partially bear EU’s 37% (provisional) anti-dumping duty (for most Chinese e-bike exporters) and/or the 25% tariff of the United States. Something that could be a possibility; in particular at higher priced e-bikes. More on page 8
‘One Third of EU Importers Stopped Sourcing E-Bikes from China’
G
AND, Belgium - To what extent the registration and the imposition of provisional dumping duties on the import of e-bikes from China is harmful to import companies has recently been investigated by the Collective of European Importers of Electric Bicycles. It brings to light that 33% of all importers have stopped their e-bike imports from China and have not found an alternative solution. The survey confirms that the proceeding is causing actual injury to importers with the reported damage to be significant.
BIKE europe September 2018
3
BUSINESS Jan-Willem van Schaik Editor in chief
Market Disruptions
How will Chinese exporters of regular bicycles, e-bikes and P&A respond to the EU and US import restrictions? Will most of them do the same as what Tianjin Golden Wheel Group showed at last July’s Eurobike? The company had a (pictured here) sign on its booth saying that its Totem Bikes (and others) are to be produced in the Czech Republic. Is it that simple to avoid and outrun the dumping duties and Trump-tariffs? Just move the production Photo: Bike Europe from China to other countries like (Eastern) Europe? Answers to these questions are on page 8.
Standardised Range Test for E-Bikes Developed BAD SODEN, Germany - “What is the range of this e-bike?” An important question and a key condition for many interested in buying an e-bike. So far, there have been various approaches to identify this objectively, but such procedures could only be compared to a very limited extent.
T
he German industry association ‘ZweiradIndustrie-Verband (ZIV)’ has therefore developed the “standardised range test R200”. With this standardised test manufacturers, dealers and consumers can objectively compare the ranges of different e-bikes. ZIV developed
the R200 test partly on the basis of experiences in the daily use of electric bicycles. Also Accell Group, Bosch E-Bike Systems, Shimano and Velotech provided advice. The R200 test procedure can be carried out on qualified test rigs and is particularly characterised by reproducible results. Relevant influencing factors are, for example, the battery, the drive system, the powertrain and the tyres of the e-bike. In addition, the range of an e-bike depends very much on the selected support mode (e.g. Eco, Sport, Turbo). Nevertheless, in order to make the test results comparable the new method normalises all e-bikes to a uniform support factor of 200% (hence ‘R200’). This 200% support factor means that the drive system with 70W supports to 140W. In addition, the R200 range test shows the battery capacity
and the e-bike energy consumption. Next to the e-bike conditions there are other factors that affect the range. Among others these include weight, type of terrain, riding surface, how driving is started and wind conditions. To ensure comparability, the range test uses representative conditions (values) for these parameters. Tests show that this approach and the ranges determined by the method are realistic and reproducible. In the downloadable (in German) appendix on www.-bike-eu.com, there’s detailed information on the standardised range test R200, its procedure, the conditions and also test bench requirements. It is too early to say that test is a basis for arriving at an internationally accepted standard for the objective rendering of ranges of e-bikes.
While the European e-bike industry is anticipating the imposition of provisional dumping duties as announced by the European Commission in July, the global bicycle industry is faced with another, yet bigger, market intervention. The trade war with China triggered by President Trump has led the United States to charge the import of regular bicycles as well as electric bikes and bike products from China with a 25% tariff. The US bicycle industry is faced with a huge problem as it depends heavily on sourcing from China. The imported volumes are that big, that no other country or group of countries can supply the US market sufficiently. At least at short notice. Last year the US imported nearly 15 million bicycles from China. The importer’s search for new suppliers outside China to waive the 25% tariff and with that the inevitable increase in retail price, will result in a major market disruption. US demand for 15 million units will put more pressure on the production capacity outside China. Will this result in price increases, and to avoid missing out, order dates at OEMs to be pushed forward even further? It contradicts the current trend to reduce lead times and shorten the supply chain. In the end not only will the US market face the effects of Trump’s trade war, but also the European market has to indirectly deal with its implications.
janwillemvanschaik@vakmedianet.nl
4
September 2018 BIKE europe
FINANCIAL Riding through a critical moment in the global economy:
Longest Bull Market Ever, But No Celebration MUNICH, Germany – For the international stock market 23 August was a magical day. Several world stock markets experienced the longest bull market ever. On 23 August the bulls had been leading the pack for 3,453 days (since 9 March 2009). Jo Beckendorff
H
owever most markets didn’t celebrate. Stock market observers are keen to know how long the bulls can keep the bears out. At the time of writing stock market observers did not see any early warning signs. But this doesn’t mean that they are optimistic. They point to economists being concerned about upcoming long-term consequences as a result of the ongoing trade tariff turmoil. In an interview in the German business and financial newspaper “Handelsblatt�, it was revealed that Singaporean minister of trade S. Iswaran sees the disruption of global supply chains as a major problem of the once open market: “We all will feel the effects, and they can be permanent. After all, those who have to take a new path with their supply chains will probably never return to the old one.� This topic has already been intensely discussed
by top management in many companies when setting the course for any future investment decisions. “Everything that happens between the American and Chinese economies shines on the whole world,� stated Iswaran, “The fact that they are now starting this ‘tit for tat’ banter when negotiating trade tariffs is really worrying. Right now we are at a very critical moment in the global economy.� Moments like these are also harming the global stock market. Therefore, the midJuly to August bike stock chart development remains on a roller coaster course. The good news is that 13 of all in all 22 listed companies experienced July/August increases. The largest share value increases are reported by Atlas Cycles (plus 25%), Fox Factory (plus 22.7%) and Tube Investment of India (TII, plus 26.6%). However you have to take a look back at the previous June to mid-July share value development. Both saw Indian bike producers report sharp 16.4 and 20.3% share value decreases. Only Fox was able to shift further up. After reporting an outstanding 30.3% share value increase between June and mid-July, it was followed by another impressive two-digit plus noted above. The current uncertainty is also underlined by 52 week lows and highs at some chart members during the past six weeks. While four of them (Araya, Ideal, Lee Chi and Zhonglu) reached their 52 week lows, two (Fox and Shimano) reached their 52 week highs. In other words: There is no clear picture now.
The Bike Industry Stock Chart Company Name
Rate Compared to 29.8.2018 19.07.2018 (%)
Accell Group NV, Amsterdam
EUR 17.96
- 3.2
Market Capitalization 01.01.2018*
52-weeklow
52-weekhigh
EUR 615.16 mn
EUR 16.62
EUR 26.75 US$ 89.81
Allegion PLC, New York**
US$ 87.67
+ 11.1
EUR 7.56 bn
US$ 73.85
Araya Industrial Co. Ltd., Osaka
JPY 1,897
- 5.2
JPY 12.06 bn
JPY 1,881
JPY 2,816
Asahi Company Ltd., Tokyo
JPY 1,433’
+ 5.4
JPY 36.18 bn
JPY 1,252
JPY 1,680
Atlas Cycles (Haryana) Ltd., Bombay
INR 120.00
+ 25.0
INR 1.41 bn
INR 117.20
INR 248.00
Dorel Industries Inc., Quebec***
US$ 20.13
+ 9.8
CAD 1.04 bn
US$ 16.43
US$ 26.34
US$ 63.55
+ 22.7
USD 1.46 bn
US$ 33.20
US$ 68.30
Giant Manufacturing Company Limited, Taipei
Fox Factory Holding Corp., New York
TWD 133.00
+ 1.5
TWD 61.32 bn
TWD 122.00
TWD 172.00
Halfords Group PLC, London
GBP 391.00
GBP 321.00
- 8.8
GBP 686,07 mn
GBP 305.40
HL Corporation, Shenzhen****
US$ 4.19
- 0.7
CNY 2.41 bn
US$ 4.00
US$ 9.03
Ideal Bike Corporation, Taipei
TWD 9.64
- 10.7
TWD 2.15 mn
TWD 8.60
TWD 15.35
Shanghai Phoenix Ent Gr Co. Ltd, Shanghai*****
US$ 0.62
+ 8.4
CNY 4.74 bn
US$ 0.53
US$ 1.01
TWD 114.00
- 14.3
TWD 15.60 bn
TWD 111.00
TWD 137.62
Lee Chi Ent. Co. Ltd., Taipei
TWD 10.60
+ 4.4
TWD 2.65 bn
TWD 10.00
TWD 13.55
Merida Ind. Co. Ltd., Taipei
TWD 145.00
- 2.7
TWD 37.37 bn
TWD 116.00
TWD 167.50
Samchuly Bicycle Co. Ltd., Seoul
KRW 6,900
+ 4.1
KRW 1111.44 bn
KRW 6,840
KRW 11,000
Shimano Inc., Tokyo
JPY 17.060
+ 3.1
JPY 1,480.46 bn
JPY 13,840
JPY 17,280
Sun Race Sturmey-Archer Inc., Taipei
TWD 33.85
- 18.6
TWD 3.22 bn
TWD 28.00
TWD 99.50
Tandem Group PLC, London
GBP 130.00
+ 2.0
EUR 5.40 mn
GBP 90.00
GBP 165.00
Tube Investments of India Ltd. (TII), Bombay
INR 226.75
+ 23.6
INR 50.54 bn
INR 212.00
INR 308.90
Vista Outdoor Inc., New York
US$ 17.80
+ 13.5
US$ 835.21
US$ 12.36
US$ 23.71
US$ 0.69
- 4.7
CNY 1.25 bn
US$ 0.65
US$ 1.66
KMC (Kuei Meng) International Inc., Taipei
Zhonglu Company Ltd., Shanghai*****
* Bloomberg, Corporate Information & Yahoo Finance ** Ireland-based Ingersoll-Rand plc spin-off and listed at NYSE – therefore rates in US$ *** Canadian Dorel rates in US$, company value in CAN$ **** Taiwanese HL Corporation is listed at the Shenzhen stock market in China – therefore rates in CNY ***** Chinese Shanghai Phoenix Enterprise and Zhonglu rates and market capitalization in US$ - except Shanghai market capitalization in CNY Composed and Copyright by Jo Beckendorff (no liability assumed)
MOBILITY
com
rts.
d iran w.m w w
epa abik
BIKE europe September 2018
5
FINANCIAL
Big Sales Drop for Mavic and ENVE HELSINKI, Finland – Amer Sports did not have a good first half of 2018 as its cycling activities through subsidiaries Mavic and ENVE saw a further deteriorating net sales after a disappointing 2017.
A
mer Sports’ January to June 2018 net sales stood at €1,106.8m; down 5% on the €1,160.0m. In local currencies net sales increased by 2%. Amer’s Outdoor division, including Mavic and ENVE, saw net sales drop
2% to €625.3m. Total sales of the Finnish sports group dropped slightly in the first half of 2018.
Lower OEM orders For the first six months of 2018 Mavic and ENVE posted total sales of €60 million. This accounts for a big 13% drop on the 2017 net sales results of € 69.3m. The reason behind this big sales decline is according to Amer Sport due to a continued drop of OEM orders and low demand in the wholesale channel. Amer Sport and its cycling subsidiaries Mavic and ENVE clearly suffer from the fact that fewer sports bikes are being produced and sold.
Shimano Reports ‘Robust’ Sales in Q1-2 OSAKA, Japan – Shimano reports that its net sales have grown by 7.1% in the first half of this year.
I
no’s two biggest markets have seen “distributor inventories of bicycles remain at an appropriate level.”
E-bike retail sales
n its financial statement the company mentions its STEPS E8000 drive unit for e-MTB’s in particular which “continued to be well received in the market. As a result, net sales from bicycle components increased 6.8%.” The world’s biggest bicycle components maker further reports for Europe that “domestic demand including personal consumption generally maintained an expansion trend.” The same is reported for the US where “the economy grew steadily due to firm business conditions and increased personal consumption backed by robust labour market.” In these conditions Shima-
As a result, for the first half of fiscal year 2018, Shimano’s overall net sales (including fishing tackle sales and from other activities) increased 7.1% from the same period of the previous year to JPY 174,731 million (€1,341m). Bicycle components sales increased 6.8% to JPY 137,918 million (€1,059m) while the company’s operating income increased 9.0% to JPY 29,506 million (€227m). Furthermore, Shimano reports that in Europe “Driven by the stable weather after April, e-bike retail sales have been robust. In North America, retail sales of completed bicycles were on par with an average year.”
Dorel Sports Sees Sales Improving MONTREAL, Canada – Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) had a much better quarter than anticipated, surpassing earlier published expectations.
S
econd quarter revenue increased US$ 15.5 million, or 7.4%, to US$ 224.5 million. With that six-month revenue increased US$8.1m, or 1.9%, to US$ 431.2m which is
flat to the prior year after removing the impact of varying foreign exchange rates year-overyear. In Dorel Industries financial report on its 2nd quarter results it is said that “Dorel Sports rebounded from a difficult start to the year with improved second quarter adjusted operating profit versus first quarter. Compared to the prior year, second quarter revenue growth was over 10% at both Cycling Sports Group (CSG) and Caloi. CSG recorded growth in all key regions. Caloi continued to grow on new product innovation aided by a gradual economic improvement in Brazil. Pacific Cycle experienced a modest revenue decline overall.”
Higo extends signal connector range with even smaller designs of Ø 4,8 mm and Ø < 7 mm
Accell Group Reports Stabile Turnover in First Half HEERENVEEN, the Netherlands – The loss of sales to major online distributor Fietsenwinkel.nl in the Netherlands and Sports Authority and Sports Chalet in North America put heavy pressure on Accell’s first half of 2018 results. Net turnover was up only 0.3% in the first half of 2018, when compared with the first half of last year the net result decreased by 2.9% to 25.5 million euros.
I
n its first half of 2018 report, Accell Group stated that, “the increase in turnover was tempered in particular by delays in the product development of (e-)performance bikes and to a lesser extent from the late arrival of spring weather. The delays in product development resulted in suboptimal availability, which meant that order deliveries shifted to the second half of 2018.” In Accell Group’s main market Germany, turnover increased by 13.4% from €191 million to €217 million due to higher sales of sporty Haibike, Ghost and Lapierre e-bikes. Turnover from parts & accessories came in at the same level as last year.
“We are preparing mobile bike service in Europe,” explains Ton Anbeek, Chairman of the Board of Directors. Photo: Bike Europe
Delayed innovations In the first half of 2018, the Netherlands recorded less turnover from both regular bikes and ebikes. This was partly due to the deliberate halt put on the deliveries of bikes to a major online player Fietsenwinkel.nl as well as a number of delayed innovations. In the first half of 2018 turnover declined by 10.4% from €123 million in 2017 to €110 million this year. In the rest of Europe, higher sales of e-MTBs led to an increase in turnover. Particularly in Austria, France and Norway, the Haibike, Ghost and Lapierre e-MTBs recorded an increase in sales. Sales of regular bikes and parts and accessories came in at the same level as last year. In North America, turnover decreased by 22.5% to €44 million because of the loss of the clients Sports Authority and Sports Chalet at the end of 2017. Following the acquisition of Beeline Bikes in March, this company has been fully integrated and will now be rolled out within the franchise network. “We are now preparing the introduction of this mobile bike service in Eu-
Micro Ø 4,8 mm
Mini F < Ø 7 mm
Check out Higo e-mobility connectors on www.higoconnector.com
rope,” explains Ton Anbeek, chairman of the Board of Directors. “Beeline’s mobile technology platform offers an innovative solution for all our IBD partners, a solution that provides ease and personal service for consumers.
Outlook for the rest of 2018 “For us 2018 is clearly a year of transition,” Ton Anbeek states. “A period we will use to reorganise our group and a period in which costs will outpace our income. Over the past six months, we have strengthened our management team and created a mix of young talent and solid experience, which has also created a completely different dynamic.” Accell Group expects to see continued turnover growth in the second half of 2018. Working capital at year-end 2018 is expected to see a major improvement, compared with end-June 2018. “Based on these developments, we expect the group to record an increase in net turnover and a higher operating result for the full year 2018,” says Ton Anbeek.
Mini F < Ø 9 mm
6
September 2018 BIKE europe
BUSINESS World’s largest bikes share company presented e-bike while Uber shifts focus from cars
Mobike and Uber Into Electric Bike Sharing BEIJING, SAN FRANCISCO – China based bike sharing company Mobike recently launched its first ebike which is co-designed with Dutch design firm Springtime. It brings power-assisted and even full electric cycling to Mobike’s bikesharing. The other giant in offering public mobility services; Uber is planning a shift in focus from cars to e-bikes and scooters for shorter journeys as part of its long-term strategy.
M
obike is the world’s largest bikes share company in the world. Currently, Mobike operates in over 200 cities around the world, with more than 9 million bikes on the streets. In order to increase its service, the company is now expanding into public e-bikes. The same goes for Uber with the exception that this company is aiming on building an urban mobility platform.
Hybrid and full electric drive Mobike’s first e-bike is described by the Amsterdam-based design studio Springtime as “a clean-looking, lightweight, comfortable e-bike
that uses both hybrid power and full electric drive. The moped-like full electric drive will allow an easy transition for people with moped experience rather than cycling experience. The e-bike offers a 70km range and a top speed of 20km/h. The e-bike addresses rides up to 5km.” The Mobike e-bike will initially be introduced in China, followed by key International markets. At those European and US markets Mobike will have to deal with obstacles in the form of regulations, dumping duties as well as Trump tariffs.
Uber’s long-term strategy Last February Uber already entered the international bicycle market by adding e-bikes to its app and by acquiring the bike-sharing company ‘Jump’ last April. Today the Jump bikes are available in eight US cities and are planned to be launched in Berlin, Germany. Uber is planning a shift in focus from cars to ebikes and scooters for shorter journeys as part of its long-term strategy. Despite the fact that Uber can make less money from a bike ride than from the same journey in a car, the company regards its focus shift as essential. Uber CEO Dara Khosrowshahi explained in a recent interview with the Financial Times, “During rush hour, it is very inefficient to take one person 10 blocks by car. In the end customers will use the Uber app for more journeys more regularly. We have
48/32 46/30
E-bikes included in Uber’s ‘urban mobility platform’. already seen this effect with cyclists in San Francisco. We are able to shape behaviour in a way that’s a win for users and cities.” Khosrowshahi also acknowledged that Uber drivers would feel the competition from potential passengers who decide to take a bike instead of the car. On that the Uber CEO said: “Short-term financially this strategy shift, maybe it’s not a win for us, but strategically long term we think that is exactly where we want to head. In the longer term, Uber drivers would
Photo: Jump
benefit from a higher proportion of more lucrative longer rides and less congested roads. I am convinced that short-term losses are necessary to achieve longer-term goals. A part of it is a focus away from cars in inner cities.” Uber takes its shift in strategy seriously shown by recent deals with ‘Lime’, an electric scooter company, and ‘Masabi’, a London-based app that provides mobile ticketing for public transport, with the aim of building what Khosrowshahi calls an ‘urban mobility platform’.
BIKE europe September 2018
7
INTERVIEW Bosch eBike Systems CEO Claus Fleischer on market developments
Predicting the E-Bike Future
Claus Fleischer: ‘The e-bike boom will continue as e-bikes are now part of lifestyle.’
REUTLINGEN, Germany - In less than ten years, Bosch has succeeded in becoming a dominant factor in e-bikes. Bosch eBike Systems is market leader with its mid-motor drivetrains and other components for electric bicycles, e-MTBs and speed pedelecs. Due to this position the company steers market developments. In this interview the CEO of Bosch eBike Systems, Claus Fleischer, predicts where the market is heading in terms of products and size. Arne Gottschalck
E-bike sales in Germany continues to increase. What role does market leadership play in this? Does it for example bring advantages? “The electric bicycle is the most successful electric vehicle in Europe and is regarded as an important forerunner to the development and acceptance of electric mobility. Bosch eBike Systems, as one of the leading suppliers of eBike drive systems in the premium segment, contributes significantly to this with innovative technologies. We actively shape the market and develop products that inspire - and further boost the trend towards electromobility. As with the subject of eMountain biking; as a pioneer of this still young discipline, Bosch eBike Systems is promoting eMountain biking with specific products and projects that brings this sport forward.”
How many e-bike drivetrain suppliers will there be worldwide in ten years? What role can new suppliers such as Fazua play? “That’s a question I will be able to answer in ten years or so. We live in times where change happens much faster and more fundamental than it did a few years ago. Companies open new business areas while classic business models are being displaced. The technological and structural change due to globalisation and dig-
itisation is in full swing. E-bikes are widely accepted in society today. They inspire and generate desires. We are experiencing an unexpectedly high demand, which of course has also caused the competition to rise. New providers - even in niche segments - are fundamentally important for the further development of the entire market, as they are often able to serve specific user needs.”
Any danger of a market saturation, for instance in Germany? “What is certain is that the e-bike boom will continue. E-bikes are now part of lifestyle and have long arrived in the middle of the society. This is also because more and more people care about contemporary and sustainable mobility, which is fun and healthy. Of course, this trend can also be linked to numbers: Around 3.5 million pedelecs currently on Germany’s roads show how outstanding this concept is working. The share of e-bikes in the German overall bicycle market currently stands at 19%. The e-bike segment is growing, while the overall bicycle market is stagnant. In the long term, we assume that every second bike sold in European core markets will be an e-bike. So, we see plenty of potential in the future as well.”
What role does R&D play? “Research and development play an important role. This affects our entire portfolio. The Bosch
Photo: Bosch
eBike System range consists of high-quality components that are perfectly matched to each other. All components are designed for demanding tours and many kilometres. Behind this is a mature development process: Bosch eBike Systems are developed and manufactured according to the latest state-of-the-art in science and technology - and, of course, continuously developed by us. A look at the product history makes this clear: the comparison of drives, batteries and on-board computers a few years ago with current models shows how rapidly products and the market have developed. A lot has happened there. Without research and development, this would be unthinkable”
‘In the long term, we assume that every second bike sold in European core markets will be an e-bike.’ Along the e-bike value chain; what could be the next step for Bosch? For example the development of charging systems, like Tesla? Which areas of electromobility could you still imagine as a potential sales market for Bosch? “Electromobility is an important future market for Bosch. At Bosch eBike Systems we are resolutely following our path - and focus on innovative and high-quality drive systems. The innovative power in this area is far from being exhausted: Drives and batteries are smaller, lighter and better integrated into the frame design. In addition, with energy and intelligence on the bike also lights, braking, suspension,
navigation and many other functions can be electrically controlled. The pedelec networks via smartphone and internet offers the cyclist many additional benefits from digital services.”
Can you learn from other industries, such as the automotive industry? “Indeed, we have learned and are still learning from other areas. Already during the development of the eBike system, Bosch’s expertise could be used: the lithium-ion batteries for cordless power tools from the Power Tools division, the electric motors and sophisticated sensor technology from the automotive sector. Plus, a lot of know-how in electrical engineering. The most recent example is the Bosch eBike ABS, which we developed from Bosch motorcycle technology. Bosch has been an ABS system expert and market leader in motorcycle safety systems for more than 40 years. For the e-bike ABS we could use elements of the motorcycle ABS, which were adapted specifically to the driving and braking behaviour of pedelecs. The e-bike anti-lock braking system is a logical and meaningful innovation, its benefits are obvious: more safety, more driving pleasure.”
How do you assess the role of politics – could it fuel further demand for E-bikes? “The mobility of tomorrow does not develop by itself. Framework conditions have to be created to establish e-bikes further. For the pedelec this means: a bicycle-friendly infrastructure, charging stations, secure parking facilities. These are topics that politicians must tackle. Cities like Copenhagen or Amsterdam make it happen, many others follow suit. We are involved in a variety of ways and support associations such as the ECF (European Cyclists’ Federation), the ADFC (Allgemeiner Deutscher Fahrrad-Club) or the ARGE Fahrrad in Austria. Wherever the infrastructure fits, e-bikers will not be long in following.”
8
September 2018 BIKE europe
BUSINESS Production relocation faced with restrictions on Chinese investments in EU, US and Japan
Tackling Trade Distortions by China Continued from cover page
Absorbing the duties and tariffs of the EU and the US by Chinese exporters and their import customers will amount to a loss in margins which will have to be accepted. And there’s a limit to that acceptance. In particular as dumping duties could turn out higher than the current average of 37% when the definitive duties are announced in January 2019. And what’s to happen with regular bikes as well as bike parts imported from China?
T
he current 48.5% dumping duty in place now, is under review by the European Commission with the outcome also to be announced by January 2019. Also what is President Trump up to when his trade war with China escalates? Higher tariffs? Such uncertainties make it less likely that on a longer term dumping duties and tariffs will be absorbed by exporters and their customers and that nothing will change.
Production move on a massive scale? So, production is to move from China. And probably on a massive scale. An indication that this is likely presented itself last month with the announcement that Giant is opening a factory in Hungary. The fact that the company of Taiwanese origin is investing €48 million says something about the scale of this facility. Of course, Giant made clear that this factory is for producing close-to-market. However, Giant, which operates with six factories in China from which it exported electric bicycles to Europe, has been found guilty of dumping by the European Commission. In addition, the company has also been found guilty on being subsidised by the Chinese state. This could have further implications. It means that, next to a definitive anti-dumping duty, Giant China could also be convicted to pay an anti-subsidy duty by next January 2019. The combination of both duties would effectively kill Giant’s e-bike export from China to Europe. All the more reason for invest-
Relocating production to Europe will prove not to be simple for many Chinese exporters. ing in a facility in Hungary. Will this be exemplary for many more Chinese exporters? Just move to Europe, or even better take-over a European bike company with preferably a brand name that can count on some recognition.
Investment screenings No, it is not that simple. Especially since it has become abundantly clear in Berlin, Paris, London and Brussels that China has drastically increased its takeovers in Europe, following restrictions on Chinese investments in the United States. A recent online report by renowned ‘Politico’ states “Berlin is preparing a reform of its investment screening law in order to give the government “wider screening possibilities,” in an apparent move to better defend itself against state-led takeovers from China.” This reform will allow the German ministry to check any purchase giving a non-EU investor a 15% holding or more voting rights — lower than the existing 25% threshold.
Photo: Susanne Bruesch
Moreover, Europe, the United States and Japan have joined forces to tackle subsidised and state-owned enterprises. It is said that they “aim to tackle systemic distortions in global trade mostly created by China’s massive interventions in the economy.” Last May the three countries already agreed on developing stricter rules on subsidies and state-owned companies.”
that date ‘Brussels’ will also announce whether anti-subsidy duties are to be levied on the ebikes imported from individual Chinese companies, or on all e-bike imports from China. As this will have a major impact on the business, many Chinese e-bike manufacturers and exporters will wait for that announcement by the European Commission.
Anti-dumping and anti-subsidy
Handling complexities
Against that background and taking into account that currently (next to the anti-dumping) also an anti-subsidy investigation is being carried out by the European Commission on Chinese e-bikes as well as e-bike components exporters, it’s not likely that many will announce their move to Europe in the coming months. The anti-subsidy investigation is running parallel to the one on anti-dumping. Both investigations must end on 20 January 2019. On 19 January (or earlier) the European Commission must announce the definitive anti-dumping duties on e-bikes imported from China. And on
But there’s more that comes into play for Chinese companies that are considering to relocate their production. Like with rules of origin combined with local content regulations as well as anti-circumvention laws by the European Union. It means that these Chinese companies will have to find their way through a maze of trade barriers and regulations and have to understand all that comes with relocation. For some of the bigger Chinese exporters this will not prove to be an obstacle. The question is how will the majority of the much smaller scaled ones handle these complexities?
BIKE europe September 2018
9
MARKET REPORT RUSSIA Government regulations and ruble devaluation still prime source of uncertainty leading to:
Difficulties in Sales But Cycling Gets Trendy MOSCOW, Russia - Spring started early this year in Russia. It rapidly boosted sales of summer sports goods, namely bicycles, kick-scooters, roller blades etcetera. However, apart from basic mass-market bikes and bike products, Russian buyers are disappointed in failing to find what they dream of, in their local stores. Andrey Khorkov
U
nlike previous years with spring showing frequent rains, cold weather and only starting in June, this year everything worked for getting to higher sales and customer satisfaction. But the bicycle trade in Russia is faced with multiple threats which brings distributor reluctance to stock higher priced models.
Market statistics At first glance market circumstances seem positive. And not only weather-wise because inflation of the Russian ruble stands currently at a historic low of some 2 to 3% (compared to 5.4% in 2016 and 12.9% in 2015). Moreover, wages are up by some 7% (in 2017) while also more euros can be changed for Rubles benefitting importers. However, such official data doesn’t have much to do with real life. Particularly as inflation proved much higher for low-income families with increased prices for basic food products and utilities. The impact of all this on the Russian bike market is hard to appreciate. The only official statistic available is on imports. That shows a 2017 import of 1.9 million bike products for a total import value of US$ 80.4 million. 88% of it arrived from China (83%) and Taiwan (5%). According to a market study by BusinesStat (https://businesstat.ru) the import of high-end bikes from Europe and the US accounts for just 50,000 units. The study concludes that total imports have increased 2% in 2017. Next to this import some two million bicycles were made in Russia. But taking these numbers into account, it should be noted that import and local production volumes may overlap. This is due to the fact
that Russian companies, in order to meet their tax and financial goals, tend to ‘improve’ their records on the number of imported bikes and claiming them as their own produce.
Tax optimisation Government regulations were and still are the prime source of uncertainty in Russian market. After the US and EU sanctions implementation, federal authorities moved towards better administering of Russian tax laws. It left most importers with fewer possibilities for ‘tax optimisation’. Some of them decided to take a break to see how far the government would go. Unless an unspoken consensus is reached, capitals could be temporarily withdrawn from this market. Another point worth mentioning has roots in the 2014 ruble devaluation. In the following years the average mark-up dropped. Businesses started to get rid of previous years’ stocks almost at costs prices and sometimes even below them. Once retail prices again reached normal levels it left customers frustrated. They judged it as a temporary market twist leading to the postponement of new bike purchases or turning to the second-hand market. Public bikes and rental services profited from all this.
Cycling in Russia Contrary to all these sales difficulties, cycling is on the up and up in Russia. Bike paths and lanes are becoming almost a must now in renovation plans for recreational areas. Not only in Moscow and large cities are you able to take a pleasant bike ride separated from all sorts of motorised traffic. It’s possible even in a number of smaller regional towns like Klin; the birth place of composer Tchaikovsky. Moscow’s bicycle life is certainly setting the trend. This is highlighted by several bike parades with many central streets closed to cars for a few hours. The latest one, which took place end of May, gathered some 30,000 participants despite rainy and chilly weather. Ongoing Cycling-to-Work initiatives is attracting more attention than ever before. And many companies mount bike racks outside their offices these days. However, such bicycle parkings are not very large. Moscow is eager to host bike shows. Currently two annual exhibitions are organised in the Russian Capital; VeloPark in early February and
Cycling is on the up and up in Russia with Moscow setting the trend. Bike-Expo in September. They are announced as mostly B2B events with one or two days for customers. Business programmes include a number of meetings, work classes for startups, distributor seminars and announcements. They are popular although conducted mostly in Russian without translation. Most business visitors are interested in setting up a retail business. Classes and seminars are about sales strategies, trends and the combination of off and online actions as online sales has become an important business factor in Russia.
E-bikes Sales of electric bikes have not taken off yet on a big scale in Russia. With the average consumer
Photo: Andrey Khorkov
looking for a new bike in the price range of some €300 to 350, even low priced made in China ebikes are out of their target price range. There are several companies promoting e-bikes exclusively. One of them – Elbike – is a long-time Russian electric market member. They offer a range of affordable e-bikes and lure customers with motorcycle-like monster show-stoppers. One may buy a starter folding electric model Pobeda at €570. It weighs 17 kg, allowing you to cover 38 km at one charge without even pedaling. An average e-bike sells for some €1,000 retail. Currently the bottom line on e-bikes in Russia is that they remain a choice for enthusiasts as well as a small number of commuters who are very tired of the Moscow traffic jams.
YOUR WORLD OF CYCLING HIGH MARGINS · FULL ASSORTMENT · ALWAYS AVAILABLE presented by
www.m-wave-bike.com
1924
10
September 2018 BIKE europe
MARKET REPORT SWITZERLAND Accelerated growth of retail chains such as Decathlon, Bike World or Veloland
th
Every 4 Bike Sold Was Electric SOLOTHURN, Switzerland – After three years of stagnating sales, the Swiss bicycle market increased by 4.2% to 338,000 bicycles last year. For e-bikes, the slightly declining growth rate of the previous two years increased again by two points to 16.3% to set a new sales mark around 88,000 units. Peter Hummel
T
growth of the e-MTB by 38%. The market volume of regular e-bike expanded by 8% only while the 25 km/h e-MTB sales boosted by 70%. At 16,508 units, the s-pedelec’s sales growth almost stagnated. According to the statistics, the market for regular sports bicycles increased by 3% after several years of decline. This is mainly the result of the popularity of youth and BMX bicycles. The market for road race racing bikes remained stable and for the first time the type of brakes specified are re-
Swiss Bicycle Sales 2017 Company Name
Units
+/- 2016
he e-bike’s advance on the Swiss market is incessant: last year every fourth bicycle sold was an electric one. On the other hand, the industry is not that motorised, as several manufacturers and dealers might suggest. They claim that far more than 50% of their bicycles sold is electric. However, the 2017 statistics of velosuisse, the Swiss association for the bicycle and e-bike industry, show that at 88,013 units the market volume of regular bicycles still exceeded the number of 87,987 e-bikes sold.
MTB 26’’
16,694
- 7.0 %
MTB 27.5’’
52,976
- 2.2 %
MTB 29’’
31,672
+ 3.9 %
Cross 28’’
9,429
- 2.1 %
Road race
15,471
- 0.2 %
With its new centre of excellence called ‘The Lab’, Swiss based Chris Sports shows how a dedicated distributor can compete against online resellers and foreign retail giants. Photo: Peter Hummel
Junior 20-24’’/Freestyle
35,987
+ 22.7 %
City 28’’
63,747
+ 14.7 %
City 26’’
8,958
- 33.0 %
Junior 20-24’’
12,010
- 35.7 %
Special (Cargo, Folding)
3,298
- 20.4 %
E-bike 25 km/h
71,479
+ 19.5 %
E-bike 45 km/h
16,508
+ 2.0 %
ported. Already 30% of all road bikes has disc brakes. Today the e-bike contributes substantially to mobility in Switzerland. The state supported funding organisation NewRide concludes from the current e-bike sales figures that about 530 million motor vehicle kilometres were replaced by e-bikes. Hopefully, the growing popularity of the cargo bike will give a push to this development.
S-pedelecs slowing down
Total market
338,229
+4.2 %
IBD’s losing market share in volume
The 16.3% increase in e-bike sales (25 km/h plus 45 km/h) was mainly the result of strong
Source: velosuisse / Report h+h
For the second year in a row, the retailers’ lost 2.7% of their business in volume to DIY mar-
kets. However, with a market share of 63.2 % they hold a leading position in Europe. Thanks to the relatively high priced e-bikes, they were even able to increase their outstanding market share in value to no less than 88%. However industry insiders reckon the Swiss bicycle and e-bike market is on the brink of important adjustments due to the accelerated growth of new retail chains such as Decathlon, Bike World or Veloland and, of course, the increasing online sales volumes which are not included in the velosuisse statistics.
NEW M800 | 55 Nm
M800 MINI MID MOTOR SYSTEM FOR E-ROAD RACING STYLE BIKES, INCLUDING GRAVEL AND CYCLOCROSS: 200 W output and a max torque of 55 Nm, system weight: less than 4.4 kg, double chainring compatibility, InTube battery with 200Wh, quiet and low resistance operation. bafang-e.com
Booth 4107 & test track
BIKE europe September 2018
11
BUSINESS Founding of new company signals global launch of Accell’s P&A brand
XLC Goes Global SCHWEINFURT, Germany - The new company name already appeared here and there, but since Eurobike it is official. Accell Bike Parts GmbH is the new company, its founding signals the global launch of XLC which is Accell Group’s Parts & Accessories brand. Jo Beckendorff
A
2017 financial report also states that its XLC brand scored a higher share in its total P&A business and made a positive contribution to the segment result.
XLC Global Team To expand the P&A business further, Accell formed a motivated team that deals with product development and marketing. The XLC Global Team operates under the leadership of brand manager Burkard Schuster. Product management - supported by product designer Philipp
Träuptmann – is managed by Hans Härtel and Florian Zeibig. Together they work on the expansion of the XLC portfolio with more innovative products. XLC’s marketing is done by Mairjam Stumpf. She is supported by content manager Ina Crespel. At last July’s Eurobike Accell’s customers got a first impression on how the XLC brand intends to create its global future. A brand new booth presentation created an atmosphere corresponding with XLC’s new slogan; ‘Love Cycling’.
XLC Global Team (from left): Burkard Schuster, Florian Zeibig, Mairjam Stumpf, Ina Crespel, Philipp TräuptPhoto: S. Mikut/Accell Group mann and Hans Härtel.
ccell Bike Parts GmbH is part of the Winora Group which is the German subsidiary of the listed Dutch Accell Group NV. With the founding of Accell Bike Parts, Accell Group intends to systematically expand its P&A market position with the development of XLC into a strong and internationally known ‘first choice’ P&A brand.
Global distribution
Important turnover component Accell Group NV focusing more on this part of its business is due to the fact that it is has grown into an important component of the company’s total turnover. In 2017 Accell’s P&A business accounted for net sales of €255.9m; contributing for 23.9% to the holding company’s total turnover of €1.068m. Segment result stood at €19.4m with organic net turnover growth at 0.5% which was impacted by the termination of Accell’s P&A activities in North America. Accell Group’s
At July’s Eurobike, Accell’s customers got a first impression on how the XLC brand intends to create its global future. Photo: Bike Europe
Giant Records DoubleDigit Growth TAICHUNG, Taiwan – Thanks to a strong e-bike demand as well as favourable exchange rates, Giant Manufacturing Co. Ltd. saw its net income grow by 31.8% in the first half of this year. Consolidated group revenue increased by 7.9% up to a total of TWD 29.17 billion (€830.2 million).
G
iant’s net income after taxes (NIAT) dropped compared to the first six months of 2017. That was caused by a 20% income tax rise. NIAT dropped by 10% to TWD 1.83b (€52.2m). “Excluding the taxation impact, NIAT for the first half of 2018 would be up 8% compared to 2017”, noted Giant. Eyeing the overall business of Taiwan’s biggest bicycle maker, Europe outperformed all other regions in which Giant is active. The company recorded double-digit growth in Europe in the first half of 2018. Sales were mainly driven by e-bikes. Giant’s US market performance was flat in the first half of this year – but it saw growing demand for e-bikes. Giant notes in its financial statement: “With new model year products introduced in the second half of this year, we expect to create more demand.” Sales for Giant in China remained soft. But the company notes that it was encouraging to see this year’s carbon bike sales increase: “This shows
the gateway to the Benelux
that Giant’s strategy to transform China’s bicycle market is paying off.” In its outlook for the whole of 2018 the company states: “With a strong growing demand for e-bikes, Giant possesses a competitive advantage with its well established e-bike supply chain and is making pace to increase distribution in the global market. Giant’s Taiwan production
Eyeing the overall business of Taiwan’s biggest bicycle maker, Europe outperformed all other regions in which Giant is active. facility is well positioned as the development and production base for high-end e-bikes that offer innovative and value added products demanded by both European and North America markets. Giant China e-bike production facility is focusing on producing entry to mid-level e-bikes serving China domestic, Japan, Taiwan and other Asian markets. Giant’s Netherlands production facility in combination with the company’s new Hungary facility, which will produce both regular bicycles as well as e-bikes, are able to offer greater responsiveness to market demand”.
Accell Group’s various European subsidiaries are distributing the XLC branded parts and accessories. In the German speaking countries (Austria, Germany and Switzerland) it’s handled by E. Wiener Bike Parts which is Winora Group’s wholesale company. Accell Netherlands’ wholesaler Juncker Bike Parts is distributing XLC in Benelux and in the UK, Raleigh UK. Accell’s subsidiaries in Denmark and Spain - Danish Cycle Service Nordic and Comet are distributing XLC in the Nordic countries and in Spain, France and Portugal. “We look forward to the challenge as a team and have a very clear idea to position and strengthen XLC in the future with brand implementation already in full swing”, says XLC brand manager Burkard Schuster.
95% reach
1.
Tweewieler, the most highly appreciated trade medium in the two-wheeler sector With an impressive reach of 95%
80%
reads (almost) everything
1. Tweewieler newsletter, the nr. 1 spot among e-newsletters Tweewieler.nl, the nr. 1 spot among trade websites
Download the mediakit
www.bike-eu.com/tweewieler
12
September 2018 BIKE europe
SHOW REVIEW Initially for CycleLab Group members only, but now open to all IBDs:
Pro-Days France’s Leading Industry Show VINCENNES, France – The latest edition of the Pro-Days which took place from 22 – 24 July, confirmed its position as THE French trade show. No less than 170 exhibitors and some 17,000 visitors came to Vincennes, near Paris. While France lacked a dedicated trade show for some years, this event clearly meets the demand for face-to-face contact in business.
new hall this year,” confirms Manuelle Sarazin. No doubt this issue will be solved next year looking at the ambitions of the Pro-Days organisation. The Pro-Days have been initiated some years ago by the CycleLab group, headed by Denis Briscadieu. Initially the event was exclusively open for members of the group which include Culture Vélo, Bouticyle and Vélo Station stores. However, the show was gradually opened to all professionals in the sector, making it France’s leading B2B show today. Obviously well-known French brands lined up their latest innovations at the Pro-Days.
Highlights of the show Isabelle Leboeuf
T
he goal for the Pro-Days organisation was two-fold. “The show not only had to represent the industry, with a maximum number of brands on display, but it also had to attract the biggest possible number of retailers,” explains Manuelle Sarazin of the organising team. Indeed, more than 650 IBDs came to visit the Pro-Days 2018, representing more than 50% of the French market. Only a few major brands, such as Specialized and Giant, who organised events themselves and have their own network of stores, were not in Vincennes. “Unfortunately, we also had to turn down multiple requests for booths despite the addition of a
Created seven years ago, Moustache was one of the first French brands fully dedicated to ebikes. Today the company offers more than 50 different models, covering all categories which are distributed via 200 IBDs. Moustache’s flagship models, like the Monday 26 are renewed every year while the regular models stay on the market during several model years. This autumn Moustache will present a new range of light weight road bikes. In 2018 the total production will be 26,000 units for the local market as well as export. Next year Moustache will move to a new and much larger production site. Look took the electrification of the road bike one step further, introducing three new models including the Gravel Disc E-765 designed for
Travel Far coming soon
CSTtires.eu
Like many competing brands including the French Sunn, also Look has specified the German Fazua electric drive system. Photo: Isabelle Leboeuf mixed terrain. Like many competing brands including the French Sunn, also Look has specified the German Fazua electric drive system that fully integrates the battery in the down tube of the frame. In urban and city, Peugeot presented its latest
ET101 which is specified with a Bosch Active Line Plus engine, a 500W Powertube battery and Magura hydraulic disc brakes. French made Arcade Cycles launched their ‘Vitality’ comfort urban e-bike which comes with multiple options in Ah and range.
BIKE europe September 2018
13
LAWS & REGULATIONS United States imposes 25% tariff on all bikes imported from China bringing:
‘Devastation to American Bicycle Industry’ WASHINGTON, USA – The trade war with China triggered by President Trump has led the United States to charge the import of regular bicycles as well as electric bikes from China with a 25% tariff. This comes on top of an 11% import duty (on regular bikes) resulting in a total import tax rate of 36%. According to the country’s biggest bicycle importer – Huffy Corporation – it will have a devastating impact on bike sales and it will devastate the American bicycle industry.
T
he United States started to impose the 25% tariff on all bicycles imported from China on 23 August. Earlier, at the public consultation rounds, Huffy’s president and CEO Bill Smith said in his comments to the US Trade Representative: “The tariff solves no problems. It only creates problems.” Particularly as it brings serious disruptions to the current world trade in bikes and parts. That comes with the huge import volume in bicycles the Unites States annually imports from China.
14.6 million bikes from China Huffy’s top manager explained in his commentary exactly where this US import relates to quantity wise. He said: “The bicycle industry imported 15.7 million bikes last year and Huffy had the largest market share of the industry’s total imports at 26%. Of those 15.7 million bikes imported last year 14.6 million or 93% came from China. Huffy imported over 4 million bikes from China, resulting in a 28% market share of those bikes imported from China. There is no other country in Asia or Europe that can provide the volume Huffy requires, as China is the largest bicycle producer in the world. There is no domestic parts infrastructure to protect as most bicycle components are also produced in China.”
Serious threat Furthermore, Bill Smith says: “This tariff is a serious threat to Huffy, the over 200 people directly employed by Huffy and the thousands upon thousands of Americans employed by our industry. This proposed tariff disregards the fact that our industry is already paying an 11% Duty on ALL imported bikes regardless of country source. This represents an estimated US$ 98 million tax on American bicycle consumers based on the US Department of Commerce Import Data. Remember, more than 95% of all bicycles sold in the US are import-
ed. Simply our industry has no immediate viable alternatives to using China as our main source.” Huffy’s president and CEO also reflects in his comments on what the tariff brings for retail prices of bicycles sold in the United States. It will increase average retail prices of bicycles sold in the mass retail segment, which represents 85% of the bicycle industry unit volume, by increasing the average retail price from US$ 100 per bike to US$ 125 per bike.
Extraordinary price increases He furthers with: “The average retail price for a bicycle in the independent bike dealership is US$ 500 which equates to a US$ 125 price increase to US$ 625 per bike. These are extraordinary price increases for middle class Americans who make up the clear majority of our
No other country in Asia or Europe can provide the volume Huffy requires. riders. This proposed tariff will have a devasting impact on bicycle sales as consumer demand will plummet. More importantly, it will
Huffy’s President and CEO Bill Smith: ‘Our industry has no immediate viable alternatives to using China as our main source’. Photo: University of Illinois
devastate the American bicycle industry across all segments disproportionately impacting 4,000 independent bicycle dealers whose very livelihood depends on the sale of bicycles. For perspective, the recently implemented 25% tariff on the nascent electric bike category will derail this new industry initiative before it even gets off the ground.”
ADVERTORIAL
For mountain bikers who aim high: Brose launches new e-bike drive The new Drive S Mag is the latest contender in Brose’s Drive S sports category. For e-mountain bikers who want to feel confident and agile, – even if the trail itself turns into an adventure. With the new drive, e-bikers can now enjoy the maximum power of 90 Newton metres over an even wider cadence range. The instant power output of the new Brose Drive S Mag delivers an even more agile e-mountain bike riding experience. Along with the Drive S Mag Brose introduces the
new assist level “Flex Power Mode”, a combination of two new software features: thanks to the torque- and cadence-sensitive support Cadence Power Control e-bikers can receive up to 30 percent more support at higher cadences. The newly developed Progressive Pedal Response provides an even faster drive response when pressure is applied to the pedals. The instant support of the new Brose Drive S Mag ensures a more controlled start on inclines.
The new Brose Drive S Mag – smaller, lighter and even more agile. Agility
410% Support
Torque 90 NM
Highlight: The Brose Drive S Mag with maximum support of 410 percent.
Dynamics
Efficiency
• • • • •
Natural riding feeling Powerful support and harmonious handling Sensitive response characteristics Silent, low-vibration Dual freewheel technology - no pedal resistance • Magnesium housing • Weight reduction by 500 grammes Diagnosis and service tool for dealers: maintenance made convenient and efficient Brose is breaking new ground with a specially developed diagnosis and service tool for dealers and workshops. From mid-2019 onwards, the new service tool will enable a fast and pre-
cise diagnosis and maintenance of Brose drives. In addition to that, Brose is consistently expanding its worldwide partner network. New service partners have been assigned in North America, Southern and Eastern Europe as well as in Switzerland; more countries will follow. Dealer trainings were conducted last year already and will again be offered this autumn. Participants are certified in servicing Brose drives. The schedule will be announced shortly.
brose-ebike.com
14
September 2018 BIKE europe
SHOW REVIEW EUROBIKE 2018
Shimano Expands E-MTB Facelift for Bafang’s M400 Range With STEPS E7000 E-bike drive system manufacturer Bafang presented an update of the M400 at Eurobike.
To serve a wider audience of e-MTB riders, Shimano developed the STEPS E7000 groupset. Shimano presented this e-bike groupset at Eurobike. It features new shift switches, drive unit, display unit and smartphone customisation options.
W
hile Shimano’s E8000 e-MTB groupset has been designed for difficult trails with extreme ascents, the Japanese component manufacturer developed the E7000 for more recreational mountain biking with its rider-tuned support. This new groupset will be available as of next September. The handlebar controls for Shimano STEPS E7000 include a left-hand side switch to change support modes and a symmetrical right-hand side switch/shifter to take care of gear controls. A handy feature for mountain bikers is the design of the left-hand side switch that allows a neat combination with a thumb-operated remote seat post lever. This comes in a clamp band design, compatible with all mountain bike set ups including Shimano’s new i-Spec EV standard for an even neater cockpit. All the metrics coming from the motor unit, the battery and Shimano’s Di2 system can be shown on a new display. Thanks to Shimano STEPS’
T
his M420 is a clean, compact drive system for electric city and trekking bikes. Next to the facelift of the well-established M400 system, the M420 drive comes with a range of new options but uses the same frame mounting interface. It comes with a powerful 80 Nm performance at 25 km/h. Batteries are compatible with the 450 Wh InTube and come in various rack types. M420 offers a number of new displays which will give designers ample oppor-
Shimano STEPS E7000 features the typical MTB Q-factor. Photo: Shimano wireless functionality, all riding information can also be displayed on 3rd party devices such as GPS or smartphone by using the new minimalistic EW-EN100 connector to transfer the information. The 60Nm drive unit comes with the option to customise the rider’s performance ranging between optimum acceleration or optimum battery conservation. The system’s characteristics Explorer, Dynamic or Custom can be set with the drive unit of smartphone. Just like the E8000, the E7000 drive unit has a peak power of 500-watts (nominal power output: 250W) with a maximum support up to 25 km/h. To suit the different riding conditions, the system can be set in three modes: Eco, Trail or Boost.
Bafang’s M420; clean, compact drive system for city and trekking bikes. Photo: Bafang tunity to create contemporary looking city and trekking bikes.
Metz: Newcomer in E-Bike Drives Another newcomer in e-bike drives at Eurobike 2018 was Metz. And like the others it also has its roots in the automotive sector.
H
owever, through the Daum group, that since 2015 owns Germany based Metz, it also has a background in e-bikes and bicycle ergometers. Metz introduced a compact mid-motor that weighs 2.8 kg and offers up to 85 Nm of torque. Continuous rated power is 250W with 700W peak power. It’s adjustable to four support modes and comes with
New drive supplier Metz has roots, through owner Daum, also in e-bikes. Photo: Bike Europe torque and cadence sensors. The Metz e-bike drive system’s batteries are available in two capacity levels (522 or 612Wh) and three types.
Blaupunkt Next in Line of New E-Bike Brands The Blaupunkt brand is better known for car radios, but this traditional name is now also used for e-bikes. Earlier this year the brand owner Evo-Sales already announced its entrance on the bicycle market. The two new models were shown at Eurobike. The well-known Blaupunkt company had to file for bankruptcy in 2015, but the brand lives on as German Evo-Sales is the extensive brand
owner for automotive, including e-mobility and vehicle electronics. And so it entered the market for e-bikes earlier this year. In spring they already presented two folding e-bikes with 16 or 20 inch wheels, the Clara 180 and Carlson 280 and two more were launched at Eurobike for model year 2019. These were the Clara 290 with 20 inches wheels and the Carlson 390. Both come with a 36 V Samsung battery with 10.4 Ah as well as Shimano 7-speed hub. The Clara 290 features V-brakes while the Carlson 390 will be available in black with disc-brakes. As Blaupunkt is a licensee brand is will be put on the market by different distributors.
LOOKING FOR A NEW JOB? START YOUR SEARCH NOW Meet great companies within the two-wheeler market
Stay ahead and create your personal job alert for free
Finding jobs made easy using our clever search engine
Send your job application directly to the employer or headhunter
BIKE-EU.COM/JOBS
BIKE europe September 2018
15
SHOW REVIEW EUROBIKE 2018 Selle Royal, Herrmans and Curana establish colour and material fits for saddles, fenders and grips
Collaboration for Integrated Styling Solutions It was presented at last month’s Eurobike; the collaboration between Selle Royal, Herrmans and Curana.
T
his cooperation is about establishing colour and material fits for saddles, fenders and grips and through that offering OEMs integrated styling solutions Selle Royal has been producing innovative products for the global bicycle market since 1956 and collaboration with its suppliers and customers has al-
ways been one of the company’s key values. This has led the company to explore opportunities with other component manufacturers to find innovative solutions for today’s bicycle market. At Eurobike, Selle Royal showed what joining forces with Herrmans and Curana is bringing. Also, this collaboration has been strongly requested by the OEMs served by the three parts makers. They urged them to use Selle Royal’s saddle cover material also in other areas on the bicycle; on the grips, on the mudguards and also on the chain case. With that the bike offers
a more integrated styling with the same accents, colours, texture, and material on various selected areas. “Currently Selle Royal only offers a limited program,” said VP OEM Sales Steve Carr, “Next to the saddle our customers wanted more products from us. Rather than listen and not do anything, we reached out to Herrmans and Curana and found partners that were willing to work together and share in our search to bring benefits to the market. We believe that this will just be the start of many further future collaborations.”
Collaboration on colour and material fits for saddles, fenders and grips. Photo: Selle Royal
French Start-Up Integrates Gearbox with E-Bike Drive Unit The company is named Kervelo and has a background in the automotive industry. They developed a striking combination of a 4, 6 or 12 speed gearbox with a 250W drive unit that fits with the current trend of highly integrated e-bikes.
Kervelo integrates 4, 6 or 12 speed gearbox with 250W drive unit. Photo: Kervelo
A
t Eurobike Kervelo presented its Quartz drive unit in combination with a planetary Kernel labelled gearbox. The company claims that this combination brings
“less moving parts for better mechanical reliability. And it was engineered from the drawing board to work with electrical assistance to deliver a highly reliable drive unit.” The Kervelo Quartz drive unit is mounted in the downtube while the 126mm diameter hub, housing the gearbox, remains visible. The company emphasises that its motor-gearbox integration brings more design options and high ground clearance to protect the drive unit. Kervelo’s Quartz 12 speed drive unit weighs 3.9 kg. “It delivers as much torque, power, and gears as almost every other system currently available, for a fraction of the weight and in a reduced visible volume.
Its architecture warrants for longer maintenance periods, up to 10,000 km or once a year only, using standard gearbox oil.”
Available in November The Quartz-12 speed drive unit that offers a total gear ratio of 545% in combination with the 250W motor delivering 70Nm in torque makes it a fit for e-MTBs. Quartz-6 is Kervelo’s city-bike version with a 323% ratio while Quartz-4 with 200% gear ration and 250W motor is claimed to be mostly for bike-sharing platforms. Kervelo starts delivering its gearbox-drive units including frame bridges next November.
16
September 2018 BIKE europe
SHOW REVIEW EUROBIKE 2018
CeramicSpeed Developed Efficient Shaft Drive
Easier Purchasing at Prologo
If the claims are substantiated by live tests then it could prove to be really revolutionary. It’s about what CeramicSpeed has named ‘Driven’; a drive shaft concept that has to set a new benchmark as the world’s most efficient drivetrain.
For 2019 Prologo has revised its whole saddle range in order to make the purchasing process easier for all customers.
P
D
rive shaft transmission in bicycles have never turned mainstream as the internal gearing result in transmission losses. At cars, motorcycles and many more motor powered vehicles these losses are easily compensated. That’s different at human powered propelled bicycles. Has CeramicSpeed found the solution?
Obsolete chains and derailleurs Partnering with the Mechanical Engineering Department at the University of Colorado, CeramicSpeed says that its Driven shaft drive “creates 49% less friction when compared to the market leading chain and derailleur drivetrain. A traditional chain and derailleur drivetrain contain eight points of sliding friction, which is generated from the articulation of the chain at these points. CeramicSpeed’s new Driven concept impressively eliminates all eight points of sliding friction. To achieve the ultimate performance, Driven uses CeramicSpeed bearings in a pinion style drive shaft system. In total 21 CeramicSpeed bearings play a crucial role in the
CeramicSpeed: ‘We achieved 99% efficient multi-speed drivetrain’ while eliminating chain and rear derailleur.’ Photo: CeramicSpeed
functionality and efficiency of Driven. Thanks to their extremely low rolling friction and longevity, the bearings transfer torque from the front ring through the drive shaft, then onto the 13-speed rear cog.”
‘99% efficiency’ At the head of CeramicSpeed’s Driven Project is company chief technology officer and founder of Friction Facts, Jason Smith. He says, “CeramicSpeed has proudly accomplished what many have said couldn’t be done. We achieved
a 99% efficient multi-speed drivetrain while eliminating the chain and complex rear derailleur. Advancements in drivetrain technology have been evolutionary since the 1920s. Driven is truly revolutionary given its unique rolling element power transfer and unmatched efficiency. The Driven concept has the ability to change the way the cycling industry views drivetrain design and drivetrain efficiency.” CeramicSpeed launched its Driven drivetrain at last month’s Eurobike where it was honoured with an Eurobike Award.
rologo’s Performance saddles have the highest level of technologies, materials as well as research for every detail that distinguishes a top range product. They have NACK or Tirox rails with CPC or C3 (full carbon monocoque base) and lighter foams. Prologo’s Adventure & Touring saddles are targeting the ones who are searching for extra comfort as well as competitive prices. The Adventure & Touring range includes saddles with an extra padding, different special foam density for greater comfort on longer rides and different rail materials. All Prologo saddles are available with round, semi-round and flat shape to satisfy all customer needs.
For 2019 Prologo has revised its whole saddle range. Photo: Prologo
Sep/ǻ 26-28/#Ǽ 2018 Splendor Hotel 12FǼ VIP
BIKE europe September 2018
17
SHOW REVIEW EUROBIKE 2018
rd
Yamaha Launches 3 Motor Generation Targeting City E-Bikes At last month’s Eurobike show Yamaha launched its newest midmotor. Here the Japanese e-bike components maker showed its new PWseries TE which is focused on ebikes used in cities.
F
or electric city bikes the new drive unit “provides comfort and a stable ride in urban areas, coping effortlessly with road conditions including steep climbs. This technology has been developed to be more powerful, easier to use, and intelligently adapted to its riding environment,” says the Yamaha PWseries TE information. Yamaha’s 3rd generation mid-motor is making use of what is named “Quad Sensor System”. The Japanese e-bike motor maker explains
PWseries TE is Yamaha’s new and 3rd mid-motor Photo: Bike Europe generation.
that this system holds four sensors to support the e-bike riding experience. “The Quad Sensor System adds an angle sensor to detect the bike’s angle of climb or descent, in addition to the existing ride speed, crank rotation, and pedalling torque sensors. The system automatically detects riding conditions such as hill starts, and delivers the appropriate assist power and smooth acceleration.” New at the PWseries TE motor is also the automatic support mode. This must ensure that “intelligent and natural assistance is provided with a lightweight feel from the moment pedalling is started. The drive unit is designed to automatically provide natural-feeling power assistance. Each of the sensors automatically monitors the riding conditions, and algorithms provide finely-tuned, rider-friendly pedal assistance. The system can even automatically change the support mode at the appropriate moment during the ride. There are four power assistance modes (plus the mode where assistance is turned off) for suiting to the riding conditions. Mode can be changed during riding.” The new Yamaha PWseries TE motor weighs 3.4 kg. It’s the regular 250W type mid-motor offering a maximum torque of 60 Nm. Next to an expansion of its offering in drive systems Yamaha is also expanding its production and not only in Japan, but also in Taiwan, at Yamaha Electronics Taiwan Co. Ltd in Taoyuan. Here production already started in April 2016 which is mainly destined for Europe.
Phylion Plans Battery Pack Production in Europe Chinese e-bike battery maker Phylion revealed plans at last month’s Eurobike for starting production of battery packs in Europe. These plans are at an advanced stage with the official decision to be made at short notice.
L
uc Liu, Phylion’s vice general manager of the company’s Light Electric Vehicle division, revealed the plans on the production start in Europe, which indicates the probability that there will be a green light coming from the company’s management, which is highly likely. Phylion’s battery pack making facility will be located in Portugal or in one of the Eastern European countries. Company representatives have already inspected four possible locations. Vice GM Luc Liu said that, when there’s a positive decision by the company’s Board, the construction of the new facility is to start in 2019. Production capacity will be minimal at what Phylion currently ships annually to Europe. This stands at some 500,000 battery packs. Once running at full capacity it’s expected that some 80 jobs will be involved. On the question whether the current anti-dumping proceedings by the European Commission on the e-bike import from China, instigated the plans for a European based production facility, Luc Liu answered: “The anti-dumping just accelerated the process of establishing a production unit in Europe. It’s part of our worldwide expansion plan
Phylion currently ships 500,000 battery packs annually to Europe. Photo: Bike Europe which calls for localised production. In view of current market developments we need close to market production.” The 500,000 battery packs that Phylion currently ships annually to Europe are made with Japanese and Korean cells from premium makers like Sony and Samsung. The remaining 35% come with cells made by Phylion itself. Phylion was one of the first lithium-ion battery makers turning to the e-bike market in Europe. The company opened a European office already in 2009. Phylion is based in Suzhou, near Shanghai where it was founded in 2003. Its products are mainly applied in electric vehicles (EV) and light EVs like e-bikes and e-scooters and in energy storage systems. In order to keep up with market growth, Phylion opened an all new factory in 2012. Today Phylion employs some 1,900 people. Only recently Phylion announced the construction of another factory, in the city of Chuzhou.
18
September 2018 BIKE europe
SHOW NEWS
CALENDAR
Battery Experts Forum in Frankfurt KARLSTEIN, Germany – To meet the continued growth in visitors and companies that want to be part of the event, the 16th Battery Experts Forum (10 to 12 April) will move next year from its current home Aschaffenburg to Frankfurt am Main. It will take place at Messe Frankfurt, 10 - 12 April 2019.
wants to offer the Forum visitors an even more versatile programme. At the upcoming Battery Forum, renowned international companies from the battery industry will present their latest products at Messe Frankfurt. New in 2019 is the trade fair ticket, with which interested parties have the opportunity to visit the exhibition area. In other words, so far the Battery Experts Forum has always had a ticket to visit both conference and exhibition. In the future, “visitors will be able to procure a trade fair ticket for the high-quality conference presentations on one side and one for the exhibition on the other�. Over the three days, there will be over 100 leading users, developers, politicians and researchers from international companies and institutes.
With the new location, the organiser of the Battery Experts Forum – BMZ’s Batteryuniversity GmbH based in Karlstein am Main – is expanding the lecture and exhibition area. With that it
" ( # Ć&#x; % & ' # Ć&#x; "$' # " !" $ "$& -++%+++ ! "$& ) % Ć&#x; % !! $
#!
# "$ $ # "# '
" " ' ,/+.
Ride On Stopped at Taichung BW 2018 TAICHUNG, Taiwan – The about 15 companies and brands that collaborated as the Ride On Group have stopped their cooperation for the joint participation during the Taichung Bike Week. This is reported by one of the participating companies. The Ride On Group drove the development of the Taichung Bike Week as the popular low cost product manager’s event. The Ride On event was held for the first time over ten years ago. The 15 brands and companies that collaborated in this event started out at the Nan Shan Education Centre and Hotel located on one of the hills surrounding Taichung. Mavic, FSA, Selle Royal, Fizik, Magura, Hayes Bicycles Group, Crankbrothers, Fox Racing Shox, Vittoria, Manitou and Answer held Ride On there for years. It triggered more companies to target product managers in the same way in September/October in Taichung. This brought about Taichung Bike Week as we know it for years now.
MY 2020 products
#
" ( # # ! ( # # " 4220%.3%--/%,,.1),/
" ĆŠ "$$ # #
A good professional journal is more than a carrier of information. It selects, classifies and analyses. It brings all those working in the trade in contact with each other. A professional journal from Vakmedianet is the meeting place for professionals. Bike Europe is your scanner for the market! BIKE europe Trade Journal for the European Trade in Bicycles and Scooters Bike Europe will be published 10 times in 2018 Š 2018 Vakmedianet Hanzestraat 1 7006 RH Doetinchem The Netherlands Phone: +31 88 584 0675 E-mail: marianvanderzalm@vakmedianet.nl
Publisher Esther Scholten Chief editor Jan-Willem van Schaik janwillemvanschaik@vakmedianet.nl Phone: +31 88 5840 619
Deputy editor in chief Jack Oortwijn jackoortwijn@vakmedianet.nl Phone: +31 88 5840 601 Hedwig Berendsen - Hooman HedwigBerendsen@vakmedianet.nl Phone: +31 88 5840 661 Annemarie Visser AnnemarieVisser@vakmedianet.nl Phone: +31 88 5840 676 Sub editor Zana van Dijk Design colorscan bv, www.colorscan.nl Correspondents Belgium/EC: Annick Roetynck, Canada: John Palmer, Czech Republic: Jakub Ditrich, Finland: Heikki Kuva, France: Michel de Chavanon, German speaking countries: Jo Beckendorff, Italy: German Eslava, Poland: Marek Utkin, Portugal: Alexandre Silva, Russia: Andrei Khorkov, Slovenia, Baltic States: Grega Stopar, South East Asia: Satnam Singh, Spain: Ivan Perez Cudrada, Switzerland: Peter Hummel, Taiwan: David Frazier, United Kingdom: Paul N. Blezard, United States: Gary Boulanger, South Africa: Ron Thompson, Electric vehicles: Susanne BrĂźsch For all your advertising requirements contact: Sales B2B Lucas van ‘t Hof Phone: +31 6 53709687 lucasvanthof@vakmedianet.nl
This year’s Taichung Bike Week will not feature the Ride On event in Hotel One. The 2018 Taichung Bike Week will be held 26 – 28 September at the exhibition hotels Evergreen Hotel, Tempus Hotel, Splendor Hotel and Lin Hotel. Some of the companies that used to be part of the Ride On Group are this year presenting their MY 2020 products in one of these hotels.
Representatives per country: Taiwan & China Infotrade Media Co. Ltd. Peter Chu Phone: +886 (4) 23132189 # 101, 203 Fax: +886 (4) 23133239 service@trade-eye.com India Kapshan Solutions Kapil Suri Phone: +91 (11) 2 614 4712 Fax +91 (11) 2 467 9912 kapshan@hotmail.com All advertising copy should be sent to: Traffic department Vakmedianet P.O. Box 448 2400 AK Alphen aan den Rijn The Netherlands Phone: +31 88 5840 400 binnendienst@vakmedianet.nl Marketing Jildau SchrĂśer Subscription rates Subscriptions can start at any chosen time. Sign-up via www.bike-eu.com/ subscribe or by telephoning our Customer Service. Subscriptions will automatically continue unless Customer Service receives a cancellation notification at least 3 months prior to subscription end date. Notification of
International Shows September 26 – 28 Taichung Bike Week Taichung, Taiwan 27 – 30 Cycle Show Birmingham, UK October 3 – 7 Intermot Cologne, Germany 18 – 20 Autonomy Paris, France 19 – 21 Euro Cycling XP Maastricht, the Netherlands 31 – 03 Taipei Int’l Cycle Show Taipei, Taiwan November 6 – 11 EICMA Milan, Italy 15 – 18 Vietnam Bicycle Exhibition Hanoi, Vietnam 29 – 01 India Bike Expo New Delhi, India January 2019 11 – 12 Dubai Int’l Bicycle Exhibition Dubai March 8 – 10 Aarhus Bike Show Aarhus, Denmark 15 – 17 Copenhagen Bike Show Copenhagen, Denmark 15 – 17 Swedish Bicycle Show Gothenborg, Sweden
subscription termination can be done either in writing or per e-mail. For information regarding running subscriptions, you can also contact Customer Service. Prices Annual subscription worldwide â‚Ź420,- (excl. VAT) by preauthorized debit or electronic invoicing. For beneficial introductory rates, take a look at www. bike-eu.com/subscribe. General conditions Applying to all offers, estimates and agreements made by Vakmedianet are the conditions registered at the Direct Court and the Chamber of Commerce, Arnhem. ‘All rights reserved. No part of this publication may be reproduced, in any form or by any means, without permission in writing from the publisher.’ While every care is taken to present the information in BIKE Europe as accurately as possible, neither the publisher nor the authors can be held responsible for the damage of any kind that might result from use of that information. Privacy Vakmedianet, the publisher of BIKE Europe, collects data on subscribers to this magazine and when you contact our organization. These data may be used for direct marketing purposes for Vakmedianet, its ventures and carefully screened companies. You can block your data to be used for direct marketing by contacting us via customerservices@vakmedianet.nl. Printing by Ten Brink
INTERNATIONAL & ACCESSORIES BICYCLE PARTS DIRECTORY
Let’scommunicate in the Bicycle & Scooter Market!
More information: lucasvanthof@vakmedianet.nl -+31 (0)88 5840732
Company Name : DONGGUAN YENYUE MACHINERY CO., LTD. Company Name Contact Position Address Postal code City: Country Telephone Fax E-mail Website Categories
: BRANC CO., LTD : Emily Chen : Sales Manager : 7 Fu Kung Rd., Fu Hsing Ind. Zone : 50662 : Changhua City : TAIWAN : +886-4-7688016 : +886-4-7688020,7688021 : branc@mail.branc.com.tw : www.boryueh.com : Accessories: Rack, Bottle cage, Basket, Kickstand, Unicycle
Company Name : GUMONDER INDUSTRIAL CO., LTD.
Contact
: Evan Lin
Brand
: GMD
Position
: Sales
Contact
: LIN, WEN-JU
Address
: No.62, Kirin Ridge Road, Shahu Village,
Address
: NO 3-8, JI LUNG HSIANG, HO PING LI,
Tangxia Town, Dongguan Postal code + City : 523710 Guangdong
JYI JYI TOWN Postal code + City : 552 NAN TOU HSIEN
Country
: China
Country
: TAIWAN
Telephone
: +86-769-86852366
Telephone
: +886-49-2762306,2760187
Fax
: +86-769-86852388
Fax
: +886-49-2762889
: yenyue@kindshock.com.cn
: gmd100@ms41.hinet.net
Website
: www.exa-form.com
Categories
: Dropper & Suspension Seat post
Leticia@gmd-tire.com.tw Website
: www.gmd-tire.com.tw
Rear Shock Front Fork
Categories
: Wheel Components
Handlebar Accessories
Company Name : DDK GROUP CO., LTD. Contact : Joy Sung Position : Sales & Marketing Director Address : 12F-10,No.213,Chaofu Rd. Postal code + City : 40757 Taichung Country : Taiwan Telephone : + 886-4-22551897 Fax : + 886-4-22551827 E-mail : ddk@ddk-group.com Website : www.ddk-group.com Categories : Saddles Grips City and Trekking Bike Components e-Bike Components Accessories
Tire & Tube Manufacture Company Name Contact Position Address Postal code City: Country Telephone Fax E-mail Website Categories
Company Name : Formula Cycling Contact
: Filip Carpentier
Position
: Managing director
Address
: Bargiestraat 32
Company Name : HWA FONG RUBBER Ind. Co., Ltd.
Postal code + City : 8900 Ieper
Contact
: Roger Luo
Country
: Belgum
Position
: Vice president
Telephone
: +32 (0)57 48 75 00
Address
: Rm #815, 8th Fl., No.152, Sung-Chiang Rd.,
Fax
: +32 (0)57 48 75 01
Postal code + City : 10458 Taipei
: info@formula-cycling.be
Country
: TAIWAN
Website
: www.beone-bikes.com
Telephone
: +886-2-25319833
Categories
: Bicycles & accessoiries
Fax
: +886-2-25221630, 25221184
: duroexp2@duro.com.tw
Website
: www.duro.com.tw
Categories
: Tire & Tube Manufacturing
Company Name Contact Position Address
: KING RITZ ENTERPRISE CO., LTD. : Juliana Chi : Sales Manager : 11-11, Sihyue Rd, Hou Li
Postal code + City : 42112 Taichung Country : Taiwan, R.O.C. Telephone : +886-4-25561130/1, +886-4-25573688/9 Fax : +886-4-25572320 E-mail : yst@ms6.hinet.net Website : www.yst-corp.com.tw Categories : Transmission Components e-Bike Components
the gateway to the Benelux
: LANXI WHEEL TOP CYCLE INDUSTRIES,LTD. : James SONG : GM Assistant : No.22 Chenjiao rd,Lanxi,Zhejiang,China : 321100 : Lanxi : China : +886-579-89022983 : +886-579-88230678 : James.song@wheeltop.com : www.wheeltop.com : Transmission Components City and Trekking Bike Components e-Bike Components Accessories Crankset & Chainwheel
95% reach
Tweewieler, the most highly appreciated trade medium in the two-wheeler sector With an impressive reach of 95%
1.
1. Tweewieler newsletter, the nr. 1 spot among e-newsletters
Tweewieler.nl, the nr. 1 spot among trade websites
Download the mediakit
www.bike-eu.com/tweewieler
LOOKING FOR A NEW JOB? START YOUR SEARCH NOW Meet great companies within the two-wheeler market
Stay ahead and create your personal job alert for free
Finding jobs made easy using our clever search engine
Send your job application directly to the employer or headhunter
BIKE-EU.COM/JOBS