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Electric bikes aid Merida’s bottom line

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Taipei Times
Merida Industry Co (美利達) could see revenue contribution from electric bicycles rise to 30 percent of its total revenue this year, from 20 percent last year and 10 percent in 2016, as the electric models have become very versatile, analysts said.
“Currently, there are many ways to use electric bicycles, such as for mountain climbing, carrying stuff and passengers, and daily commuting…
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