Pivoting hard from its pandemic strategy of acquiring manufacturing capacity in Taiwan and the U.S., PTON has now decided to partner exclusively with Rexon Industrial Corp. to produce its Bikes and Treads. The Taiwanese manufacturer has ample capacity to serve Peloton’s current demand for exercise equipment, especially given its $1.4 billion of inventory sitting in warehouses as of Mar. 31. Tonic Fitness Technology, Inc., another Taiwanese producer that Peloton acquired in late 2019, will suspend operations at least through the end of 2022. PTON will retain ... Log in to view full article.