For fiscal 2020, Taiwan’s largest bicycle manufacturer, Giant Group, reports total sales of 70.01 billion New Taiwan Dollars (€2.08bn-$2.45bn). This is an increase of 10.3 percent compared to the previous year. Rising global demand for both traditional and e-bikes also led to record profits. At TWD 4.95 billion (€147.29m-$173.43m), profit after tax was actually 46.7 percent higher than in the previous year. Looking at its own brand portfolio (Cadex, Giant, Liv, Momentum), all Giant sales companies “contributed to the significant sales and profitability growth in the face of high demand worldwide.” The three main markets of China, Europe and the U.S. each posted double-digit year-over-year growth in local currencies. Sales of e-bikes increased by 28 percent, accounting for 26 percent of the group’s total sales Taiwan’s number one bike maker is optimistic about the 2021 fiscal year in view of changes in lifestyles and people’s awareness of health and fitness. In addition, to reduce the carbon footprint, there will likely be a continuous push by governments in various countries to encourage their citizens to use bicycles or e-bikes.