Cheap China e-bikes 'kick in teeth' for UK firms
Published On Feb 7, 2025, 5:00 PM
The UK government has decided to lift tariffs on non-folding e-bikes imported from China, a move criticized by British manufacturers as harmful to the local e-bike industry amidst already challenging market conditions. UK-based companies are concerned about a potential influx of cheaper Chinese e-bikes, which may hurt their sales and disrupt an already struggling market that has been recovering from the Covid boom. The government claims the decision will benefit consumers by reducing prices, arguing it will help compete against unfair competition while still protecting folding e-bike manufacturers.
Stock Forecasts
HZO
Negative
The lifting of tariffs on non-folding e-bikes could negatively impact UK e-bike manufacturers who may struggle against cheaper imports from China. Increased competition may lead to market share losses for local companies, potentially affecting their stock prices.
BIVI
Positive
As the demand for e-bikes remains strong, the overall market for e-bikes including imports may still grow. Companies focusing on high-quality products and technology innovations could have a positive outlook despite the tariff changes.
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