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Taiwan records 21% increase in electric bike exports: trade body

Taiwan records 21% increase in electric bike exports: trade body 2020-09-15Leave a comment

electrical bike Taiwan information 21% improve in electrical bike exports: commerce physique

Taipei, Sept. 15 (CNA) Taiwan noticed electrical bicycle exports within the first seven months of this 12 months hovering 21 % in quantity from a 12 months earlier, bucking the downturn of virtually 30 % within the export quantity of conventional bikes, the Taiwan Exterior Commerce Growth Council (TAITRA) mentioned Tuesday.

Throughout a information convention during which TAITRA introduced that the 2021 Taipei Cycle Present shall be held in March, Walter Yeh (葉明水), council president and chief government officer, mentioned Taiwan has benefited from sturdy demand for electrical bikes from Europe and america.

Knowledge compiled by the TAITRA reveals that Taiwan bought about 410,000 electrical bikes within the seven-month interval, up 21 % from a 12 months earlier, whereas conventional bike shipments fell 29.69 % to some 905,000 items.

In response to Yeh, electrical bike exports to Sweden alone from Taiwan within the seven months soared 323.74 % from a 12 months earlier when it comes to quantity, exports to america grew 49.12 %, exports to the Netherlands rose 16.91 % and exports to Germany elevated by 15.29 %.

By way of gross sales worth, electrical bike exports additionally rose 18.03 % from a 12 months earlier to US$523 million within the seven-month interval, whereas conventional bike exports fell 22.38 % to US$583 million, in accordance with the TAITRA knowledge.

Large Manufacturing Co. and Merida Trade Co., two main bicycle manufacturers in Taiwan, mentioned the sturdy international demand from shoppers eager to make use of electrical bikes as transportation instruments or for “staycations” amid the COVID-19 pandemic, their factories have been operating at full pace.

Within the information convention, Merida Chairman Tseng Music-chu (曾崧柱), mentioned the bicycle business had been feeling the pinch of the COVID-19 pandemic, which has led to large lockdowns worldwide, however with financial restoration, his firm has been seeing orders coming in and its manufacturing capability has been totally booked into March 2021.

Equally, Bonnie Tu (杜綉珍), chairwoman of Large, famous that biking has develop into a well-liked motion in lots of international locations and, primarily based on orders the corporate has obtained, has its manufacturing capability totally booked, a state of affairs that’s anticipated to proceed into subsequent 12 months. In the meantime,

Robert Wu (吳盈進), chairman of motorcycle elements provider Kuei Meng Worldwide Inc., mentioned that many European international locations have give you subsidies for bike purchases or are constructing devoted paths for biking, which has supplied a very good alternative for Taiwan’s bike business to hunt the next market share.

In response to TAITRA, the 2021 Taipei Cycle Present shall be held within the Taipei Nangang Exhibition Heart from March 3-6.

Along with a bodily exhibition, the commerce present may also present on-line conferences for distributors and potential patrons as many individuals shall be unable to attend in particular person as a result of COVID-19 journey restrictions.

TAITRA additionally mentioned a web based exhibition will begin on March 3 and proceed for one month.

(By Liang Pei-chi and Frances Huang)

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