Chinese bike makers just stole the industry
The pattern is so clear it's almost boring at this point. Chinese manufacturers spent years churning out bikes for Western brands. Now they're building their own, same quality, half the price.
This is exactly how it went with EVs. Once you control the supply chain and the production line, why cut Western middlemen in? You don't.
The bike industry didn't see it coming. Neither will the next one.

Source
x.com