producing specialized bicycles for health, sports and slow urban lifestyles.
Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are
transforming to produce sports and leisure bicycles based on the fast growth for these types of products.
The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio
last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.
Other companies including Bike8, Onelap and Incolor continue to manufact
ure innovative bicycles by improving the intelligent and network connecting levels of their products