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Dahon is the world's largest manufacturer of folding bicycles [5] [need quotation to verify] with a two-thirds marketshare in 2006. [6] The company was founded in 1982 by David T. Hon , a former laser physicist, and is headquartered in Los Angeles, California , with assembly factories in China, Macau and Bulgaria. [ 7 ]
David T. Hon (born 1941) is a Guangdong-born [1] Taiwanese physicist, inventor and entrepreneur. He is best known as the inventor and founder of Dahon folding bicycles.Dahon has since grown to become the world's largest manufacturer and marketer of folding bikes [2] [3] with Hon still CEO to this day.
Initially the company was the subject of litigation between Dahon and the founders, but a settlement was reached in 2013. The Arctic tern was the inspiration for the company name, due to the fact that it travels the longest distance of all migratory animals and is light and small, qualities the company attributes to its bicycles.
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Neobike International was originally created in 1992 as a joint-venture company formed between Euro-Tai SA of Taiwan and Brompton Bicycle Ltd of the United Kingdom. [1] The remit was to produce officially licensed copies of the Brompton folding bicycle for sale into Asian and Japanese markets, where Brompton were not able to keep up with demand. [1]
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