Recently, listed companies in Taiwan have announced their first-quarter financial reports one after another. Giant, Merida, and KMC, the three major companies in the Taiwanese bicycle industry, have performed well, mainly due to the strong demand in the European electric bicycle market.
Relevant companies indicated that Giant and Merida are supported by electric bicycles. Giant and Merida’s revenues are expected to grow at a double-digit rate this year; KMC’s revenue in the first quarter has reached record highs with the help of the growth of electric bike chain shipments. . What inspires them is that there is still 10% growth potential for European and American electric bikes.