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𝐖𝐨𝐥𝐭, 𝐔𝐧𝐲, 𝐚𝐧𝐝 𝐄𝐈𝐓 𝐔𝐫𝐛𝐚𝐧 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐞 𝐭𝐨 𝐒𝐥𝐚𝐬𝐡 𝐋𝐚𝐬𝐭-𝐌𝐢𝐥𝐞 𝐄𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐛𝐲 𝟗𝟎%
Merida Industries and Ideal Bike have reported first-half losses, attributing this to the strengthening Taiwan dollar against global currencies. The exchange rate challenges have also affected other major players like Giant and Shimano. As the micromobility sector evolves, these financial pressures highlight the need for strategic adjustments in production and pricing.
Lior Bazak - Founder and CEO of Green Speedy
#GreenSpeedy #micromobility #urban-mobility #cargo-bikes #ebike
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