Four of Taiwan's top bicycle and bicycle parts manufacturers are taking part in the 2016 Interbike International Bicycle Expo, which opened Wednesday in Las Vegas, Nevada.
Led by the Taiwan External Trade Development Council (TAITRA), Kenda, KHS, KMC and Tern unveiled new products at the expo in an effort to gain business opportunities at the U.S.' largest annual industry bike show.
At a press conference Tuesday, Jaime Ming-shy Chen (???), deputy director general of Taipei Economic and Cultural Office (TECO) in Los Angeles, said Taiwan is home to top-end bicycle and bicycle parts brands.
Chen said he hopes Taiwan manufacturers could increase their exports to the United States, one of Taiwan's major trade partners.
Taiwan and the U.S. maintain deep economic and trade relations, Chen said, noting that Taiwan is the U.S.' ninth largest trade partner and that two-way trade between the two countries exceeded US$66.6 billion last year.
Lee Hui-ling (???), director of the Taiwan Trade Center in Los Angeles, also spoke at the press conference, saying that Taiwan has established a fairly comprehensive supply chain, including bicycle assembly, frame and parts, and has developed many high-priced, high-value added products in recent years.
Despite a decline in Taiwan's exports overall exports, its bicycle sector has seen steady export growth, Lee said.
Last year, exports of finished bicycles grew by an annual 10.04 percent to US$1.89 billion, while exports of bicycle parts increased 5.45 percent to US$1.09 billion, according to Lee.
In the electric bicycle sector, exports of finished bikes and parts registered a 25.27 percent annual growth last year, Lee said.
In particular, Taiwan's e-bike exports to the North American free trade zone grew 30.48 percent from the previous year, she said.
Some of Taiwan's newly developed products on display at this year's bicycle show include Kenda's e-mountain casing (EMC) tires and KMC's X11-e e-bike chains.
In addition, Tern's Elektron, touted as the world's most compact Bosch-driven e-bike, and KHS's brand-new carbon road bike Flite 900 and its Free Agent Team Limo are expected to attract great attention at the expo.
The 2016 Interbike expo, which has drawn 1,400 exhibitors from around the world, will run until Friday. (By Tsao Yu-fen and Evelyn Kao)
Source: Focus Taiwan News Channel