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Cycleurope, electric bike, factory, production, Sweden, transport -

Tony Grimaldi, President and CEO of Cycleurope this week, has said that ‘It is more profitable to start e-bike production locally instead of importing them from Taiwan’. Cycleurope expects to produce 20,000 - 30,000 units from it’s Varberg factory. Electric bikes continue to sell well in Scandinavia, and Cycleurope expect the boom to continue, and also hope to increase their workbase. Source

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