The Taipei Times reports that Giant shipped about 385,000 e-bikes in 2018; close to doubling the number recorded a year earlier. Merida more than doubled its e-bike shipments to some 143,000. Both companies outperformed the rest of Taiwan’s bicycle industry.
As e-bikes have about three to four times the average selling price of regular bicycles the increased sales for this e-category resulted in a 9.4 percent revenue increase at Giant to TWD 60 billion (1.72 billion euro) in 2018. The company told investors last December that its shipments of electric bicycles would reach 450,000 units this year, up 20 percent year-on-year, compared with single-digit percentage growth for its overall bicycle sales.