Giant Records Double-Digit Growth In Europe Driven By E-Bikes

Giant Manufacturing Co. Ltd. saw its net income grow by 31.8 percent in the first half of this year. Consolidated group revenue increased by 7.9 percent up to a total of TWD 29.17 billion (€ 830.2 million).

In its outlook for the whole of 2018 the company states “With a strong growing demand for e-bikes, Giant possesses a competitive advantage with its well-established e-bike supply chain and is making pace to increase distribution in the global market. Giant’s Taiwan production facility is well positioned as the development and production base for high-end e-bikes that offer innovative and value added products demanded by both European and North America markets. Giant China e-bike production facility is focusing on producing entry to mid-level e-bikes serving China domestic, Japan, Taiwan and other Asian markets. Giant’s Netherlands production facility is situated at the heart of the e-bike market, offering customers with innovative products and on time after sales service to the European markets. Giant’s new Hungary production facility will produce both regular bicycles as well as e-bikes offer greater responsiveness to market demand.”

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