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ofo (/ ˈ oʊ f oʊ /) was a Beijing-based bicycle sharing company founded in 2014. It used a dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, the ofo company had deployed over 10 million bicycles in 250 cities and 20 countries.
Electric bicycles were first produced in China in 1985, but were not initially popular. They gained popularity in the 1990s, and China has become both the dominant producer and consumer of e-bikes. [21] [27] [28] Around 30,000,000 e-bikes are sold every year in China, around four times the combined sales of the rest of the world. Over 90% of e ...
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]
Yadea Group Holdings Ltd. is a Chinese manufacturer of electric bicycles, motorcycles, and scooters headquartered in Wuxi, China. The company owns seven production sites in China, in Wuxi, Tianjin, Cixi and Qingyuan, with development in Shanghai and Wuxi as well.
Kinesis Industry Co. Ltd. is a manufacturer of aluminum and carbon fiber bicycle frames, forks, and components. Based in Taiwan, it has a plant in Guangzhou, China, and an American subsidiary (Kinesis USA, Inc.) in Portland, Oregon that generated $5-$10 million in annual sales until ceasing production and closing its doors in 2006. [1]
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Schwinn's annual sales soon neared the million mark, and the company turned a profit in the late 1980s. However, after unsuccessfully attempting to purchase a minority share in Giant Bicycles, Edward Schwinn Jr. negotiated a separate deal with the China Bicycle Co. (CBC) to produce bicycles to be sold under the Schwinn brand. [57]