Giant expects to sell about 600,000 e-bikes this year, Bike Europe reports.
The sales success comes while Giant is investing heavily in its second production facility in Europe, which is focused on assembling e-bikes. Production is reportedly planned to start later this year.
In 2018, Giant shipped about 385,000 e-bikes, close to doubling the number recorded a year earlier. Last Monday the company reported that it had sold 290,000 electric bikes in the first half of the year and aims to sell more than 310,000 units in the second half of 2019.
With this year’s total aimed at 600,000, the company’s sales growth will stand at 56% compared to 2018, says Bike Europe.
Last March at the Taipei Cycle Show, Bonnie Tu said to expect that the company’s sales of electric bicycles were to grow by 30% this year and to contribute up to 25% of its total sales; up from last year’s 19%.