Industry News
SHANGHAI, China (BRAIN) — Bafang Electric has debuted on the Shanghai Stock Exchange, selling 30 million shares on the capital market and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the company's total share capital.
SAN FRANCISCO (BRAIN) — Lyft's bike-sharing service will return to the San Francisco area in December, four months after e-bike battery fires forced the fleet off the streets.
WASHINGTON (BRAIN) — The Trump administration has granted a tariff exclusion to importers of some bike computers from China thanks to a request from CatEye America. However it denied a California nonprofit organization's request for an exclusion for China-made kids bikes.
MUNICH (BRAIN) — German e-bike motor company Fazua has announced a list of preliminary OEM partners in the U.S. for 2020.
(BRAIN) — On this episode of the Channel Mastery podcast, co-produced by BRAIN, host Kristin Carpenter pays tribute to Ed Zink, the owner of the award-winning specialty bike store, Mountain Bike Specialists in Durango, Colorado.
STOCKHOLM (BRAIN) — Net sales for MIPS continue to increase in 2019, with the helmet technology company reporting 38% growth during the first nine months.
MONTREAL (BRAIN) — Dorel Sports reported third-quarter revenue increased 14.2% from the same time last year, while Dorel Industries Inc. earnings as a whole jumped 2.3% during the same period.
MIAMI (BRAIN) — Two members of the Ross family, whose last name was emblazoned on millions of bikes in the last century, want to bring the brand back to the market. One big problem? The family gave up the trademark in a bankruptcy court more than 30 years ago.
NEW YORK (BRAIN) — Sales by Vista Outoor's action sports brands, which include Bell and Giro, were flat in the company's second quarter, ending Sept. 29.
Quarterly revenue in the category totaled $83.9 million, down less than 1% from the period last year, when the category registered $84.7 million.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. third-quarter revenues dropped 54.1% compared to the same time last year, a development the company expected because of a production delay.
BELLINGHAM, Wash. (BRAIN) — Boutique mountain bike manufacturer Canfield Brothers rebranded as Canfield Bikes and will manufacture new bikes that will be available early next year.
For decades, Ross was the third-best-known brand in the U.S. bicycles, behind Schwinn and Huffy, and slotted between those two in volume, price point, and distribution channels.
NEW YORK (BRAIN) — On President's Day weekend last year, the Goldmeier family got news that changed it forever.
PHILADELPHIA (BRAIN) — Nearly 5,000 people attended last weekend's 10th annual Philadelphia Bike Expo that featured 200 vendors.
CHICAGO (BRAIN) — Organizers of the CABDA trade shows are planning an industry summit event to be held at Florida's Disney World Resort in early November next year.
NEW YORK (BRAIN) — Peloton's subscription revenue increased 103% in its first quarter as a public company, compared to the same quarter last year, the company reported Tuesday.
WASHINGTON (BRAIN) — The National Transportation Safety Board on Tuesday adopted an amendment recommending all 50 states pass laws requiring bicyclists of all ages to wear helmets.
MADRID (BRAIN) —Trainer and software brand Bkool has sold its hardware rights to a fellow Spanish indoor training company, Versa design, which markets the Zycle brand of trainers. Versa will rebrand the BKool trainers under the Zycle brand while BKool focuses on its cycling simulation software business.
LOS ANGELES (BRAIN) — Uber Technologies Inc. is threatening legal action against the Los Angeles Department of Transportation because of a disagreement over the sharing of real-time location data of its JUMP e-bike and scooter riders.
VISTA, Calif. (BRAIN) — Haro Bicycle Corp. is one of thousands of companies dealing with lawsuits over their websites' compliance with the Americans With Disabilities Act.
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