E-bikes push Giant to new records in sales and profits

Taiwan’s largest bicycle manufacturer, the Giant Manufacturing Group, reported record revenue and profits in the first quarter. Sales rose by 54.8 percent to 20.62 billion Taiwan dollars (€610.2m-$737.4m), and net profit jumped as much as 170 percent to TWD$1.7 billion (€50.3m-$60.8m). In private label (Cadex, Giant, Liv, Momentum brands), ...