Golden Wheel Group (Totem Bikes) Announces 10 Million Euro Investment in European E-Bike Facility

DOLNI DOBROUC, Czech Republic – Tianjin Golden Wheel Bicycle Group Co. Ltd recently announced plans for the investment of some 10 million euro in a new Czech Republic based facility that is to have a capacity for assembling 180,000 e-bikes annually. The Chinese company already expanded its Totem branded e-bike production in the country last September.
Sales & Trends
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One Million E-Bikes Sold in Germany in 2018; Up 36 Percent!

BAD SODEN, Germany – E-bikes are boosting the German bicycle industry as the sales volume hiked by a staggering 36 percent in 2018 compared to 2017. No less than 980,000 units were sold last year. Today every one out of four bicycles sold in Germany is an electric one.
Sales & Trends
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