Breakingviews - E-bikes give the two-wheeled market a jolt

  • 📰 Reuters
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

From Breakingviews: As a growing number of people avoid public transport, the estimated $65 billion bicycle business seems to be buzzing, says peter_tl

A detail is pictured during a"Cooper E" model montage of the British Cooper Bikes company at the TECHNIBIKE plant in Stassfurt, Germany, January 24, 2020. Picture taken January 24, 2020.

Covid-19 has provided a further spark. E-bikes appeal to commuters who are keen to avoid public transport, but don’t want to dress head-to-toe in Lycra and treat their journey to work like a stage of the Tour de France. Manufacturers have struggled to keep up with demand. VanMoof, a Dutch firm which makes futuristic e-bikes that sell for around 2,000 euros each, is planning to double its manufacturing capacity to 12,000 vehicles a month by the end of the summer.

So far, existing bike manufacturers have been the main beneficiaries of the boom. Accell, the $730 million Dutch group which owns brands such as Raleigh and Sparta, earned more than half its revenue from e-bikes last year. Investors are betting that will continue. Giant shares have risen 43% so far this year, and are now valued at 26 times Daiwa Capital Markets’ forecast earnings for 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Breakingviews peter_tl I’d get an electric scooter.

Breakingviews peter_tl tutto moto bene, senonché in Occidente la curva demografica è tale per cui la maggioranza della popolazione è crescentemente composta di anziani. S'immagina che possano usare bici e monopattini?!

Breakingviews peter_tl Bikes USED to be good for exercise too!

Breakingviews peter_tl cool

Breakingviews peter_tl 🤙🏽

Breakingviews peter_tl

Breakingviews peter_tl arashparvizi is Robert back in biz

Breakingviews peter_tl As odd as this sounds, we may have found a positive COVID19 story. With more people getting around on 2 wheels, that could help to ease the obesity crisis.

Breakingviews peter_tl Try this in Lagos .Gidi_Traffic zikokomag 3 things will happen 1. Eko traffic is mad and we will end up not leaving our street on bike . 2. The people who own Lagos will bring an Electric Bike Tax of Billions 3. The people who own the road will start arresting bikes.Park well

Breakingviews peter_tl E bikes are a burgeoning sector to invest in.

Breakingviews peter_tl Exactly, my forecast from moths ago: covid won't transmit between cyclists.

Breakingviews peter_tl Somehow the private sector can't even mange to make a profit out of bikes, needing massive public cash so they can profit in the long run off taxpayers cash

Anarcho_Suburbo Breakingviews peter_tl THIS is what I'd like to see in Aotearoa (New Zealand). Better as a nation, better for individual health. Governments have ability to buy in bulk and offer cheap loans/grants. How about now? Especially now SkyPath is happening. _chloeswarbrick jacindaardern grantrobertson1

Breakingviews peter_tl I’m in favor of battery assisted bicycles...great transportation and exercise

Breakingviews peter_tl Everyone and their Gerbal are buying ebikes

Breakingviews peter_tl

Breakingviews peter_tl Pedestrian should be the priority in all the downtowns around the world. The bicycle lanes should be very well designed. And always priority to the pedestrian! Bicyclers could be dangerous drivers. Amsterdam is a super bad example with dangerous lanes and bicyclers.

Breakingviews peter_tl Free market And mask manufacturers

Breakingviews peter_tl Great ❤️ Love Run Bike

Breakingviews peter_tl

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'I don't know exactly what the secret is': Zoom's marketing chief on the company's rise through the pandemicZoom's chief marketing officer Janine Pelosi said the company has a 'massive responsibility' given its rise. The secret? A global pandemic forced the world into video chats and somehow yours got selected over Skype because the larger companies didn’t develop them until later... It works very well! That's the secret. I don’t use it ✋🏻
Source: CNBC - 🏆 12. / 72 Read more »