Net income at Giant Group increased 7% to TWD 1,913.5 million ($64.2 mm) in the first quarter from TWD 1,792.5 million, on 8% higher sales of TWD 22,260.3 million ($747.2 mm) against TWD 20,617.5 million. E-bikes accounted for 26% of group sales, and sales gains were also driven by improved shipments to OEM customers. Among the group’s own brands (Cadex, Giant, Liv, Momentum), Giant-USA saw rapid growth in e-bikes “with sales growth in the low teens.” At Giant-Europe, e-bike sales were impacted by delivery issues. In ... Log in to view full article.