The sales success comes while Giant is investing heavily in its second production facility in Europe. This new plant in Hungary is focused on assembling e-bikes and production is planned to start this fall.
Listed at the Taipei, Taiwan stock exchange Giant Manufacturing Co is quickly catching up with the biggest in e-bikes. In 2018 Giant shipped about 385,000 e-bikes; close to doubling the number recorded a year earlier. Last month the company reported that it had sold 290,000 electric bikes in the first half of the year and aims to sell more than 310,000 units in the second half of 2019. With this year’s total aimed at 600,000 the company’s sales growth will stand at 56 percent compared to 2018.
Last March at the Taipei Cycle Show, Bonnie Tu said to expect that the company’s sales of electric bicycles was to grow by 30 percent this year and to contribute up to 25 percent of its total sales; up from last year’s 19 percent.