Porsche acquires a majority stake in high-end electric bike maker Greyp
The Verge
NOVEMBER 23, 2021
The pandemic was a big factor, with sales increasing 145 percent from 2019 to 2020, more than double the rate of non-motorized bikes, according to the market research firm NPD Group. Other times, it’s a much-hyped project that ends up falling victim to larger corporate cost-cutting, like General Motors’ Ariv e-bikes.
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