As demand for e-bikes continues to increase, e-bike sales is giving Taiwan's cycle industry a revenue boost, and companies including Giant, Merida, and KMC enjoyed good sales in January. 

For instance, Giant had sales of NT$4.445 billion in January, need which represented a month-over-month increase of 7.14%, and a year-over-year increase of 7.31%. The growth in these companies' sales is chiefly derived from the ongoing popularity of e-bikes, especially in the European market, which has caused the companies' overall sales to maintain positive growth.

▲

Merida's January sales of NT$1.883 billion represented month-over-month growth of 4.62%, and year-over-year growth of 36.15%. Although the number of units sold by Merida decreased by 9.15% year-over-year in January, net sales revenue still managed to increase by 36.15% thanks to sales of high unit price e-bikes. 

▲

The major chain producer KMC set a new sales record in January with revenue of NT$564 million, which represented a month-over-month increase of 5.62% and a year-over-year increase of 43.11%. In fact, KMC has set new sales records in three consecutive months thanks to a growing share of the global bicycle chain market, supply of chains for shared bicycles in China, and a firm grasp of the market. 

▲