News
Sydney Electric Bikes Opening Two New Stores
Pyrmont, NSW Sydney Electric Bikes is about to open two new stores which will take their total number of locations up to nine. Founder Jake Southall recently spoke to The Latz Report and started by summarising his rapid growth from the humblest of beginnings. “We opened up the first little concept shop on Pyrmont Bridge…
Shimano’s Sales and Profits Soar Higher
Osaka, Japan The third quarter financial update from Shimano, for the first nine months of 2021 to 30th September 2021, has illustrated the world’s largest bicycle component supplier’s rush to fill a void in supply, with net sales in the nine months to September up 49.6%. That acceleration of trading saw the firm’s operating income…
Porsche Moves to Grab Majority Stake in Greyp Bikes
Zagreb, Croatia German high-performance car manufacturer Porsche is moving to increase its stake in Greyp Bikes, confirming it plans to acquire a majority stake in the Croatian company by the end of this year. The move, which is awaiting approval by regulatory bodies, continues an escalating trend in automotive companies buying into the bike industry,…
Keeping You More Up To Date
Wollongong, NSW Never before have the global bicycle and micromobility sectors experienced such rapid and major changes, as the world embraces them as transport solutions and escalating technologies drive their evolution. Major bike news from Australia and around the world is coming thick and fast, so from early 2022 The Latz Report and Micromobility Report…
Will Your Next Competitor be a Surf Shop?
Wollongong, NSW I recently walked past the shop window of a well presented surf and ski shop and there front and centre were a couple of e-bikes. Looking inside, there were a few more on prominent display. After receiving permission from the owner, I took the two photos that accompany this article. The bikes are…
World’s First Fully Recycled Lithium Battery Cell
Västerås, Sweden Swedish battery manufacturer Northvolt has announced it has produced the first fully recycled lithium-ion battery cell, in a major breakthrough towards the sustainability of micromobility and other transport. Northvolt’s recycling program, Revolt, this month produced the cell with 100% recycled nickel, manganese and cobalt, which had been recovered from battery waste using a…
New Marketing Head to Lead Ambitious Gillett Foundation Agenda
Melbourne, VIC The Amy Gillett Foundation (AGF) is expanding its team and has appointed promotions powerhouse Adam Lana as its Head of Marketing. Foundation CEO Dan Kneipp said Mr Lana, the co-founder and former brand director of internationally successful bike manufacturer Curve Cycling, would be a crucial part of the foundation’s “ambitious new cycling safety…
Have Your Say About How We Can Improve the Yearbook!
Wollongong, NSW For 25 years the Yearbook has been a popular information source for bicycle trade members. If you’re a bicycle retailer anywhere in Australia then hopefully you have a copy of the 2021 Latz Report Yearbook in your store. (If not, please call us and we’ll send you one!) We’re also continuing with our…
NZ MTB Innovators Unite to Conquer the World
Queenstown, New Zealand Four NZ companies have decided the time is right for Kiwi MTB brands to take on the world and they’ve formed a rare alliance to achieve their goal. It started as an informal think tank for the owners of Kids Ride Shotgun, Mons Royale, Aeroe and earSHOTS – regular online catch-ups to…
Cycling’s $6.3 Billion Injection to Australian Economy
Canberra, ACT Australia’s cycling industry directly contributed $3.4 billion to the nation’s Gross Domestic Product (GDP) in 2020 and had a total direct industry output of $6.3 billion for the year, according to an Australian-first report spearheaded by the We Ride Australia cycling advocacy group and released last week. The We Ride Australian Cycling Economy…