Merida is heavily investing in the expansion of its e-Bike production capabilities across Europe, amounting to an €18 million spend, as reported by Bike Europe.
The sum will be financed by Merida Industry and MCG over the next three years, with the money directed towards increasing the production of e-Bikes at the Merida and Centurion Germany facility in Hildburghausen, Thuringia.
It is predicted the multi-million euro investment will increase annual output up to 90,000 units by 2022 (this year’s annual capacity is estimated to be around 18,000 units), with a third assembly line currently being set up in Hildburghausen to meet the new production targets.
On the other side of the world, Merida is hoping to up e-Bike production at its Taiwan facility from just under 15,000 units per month to 20,000 in the latter stages of this year.
Last week, Merida reported a 90.28% increase in net income, rising to US$33.48 million in H1, with its financial results revealing earnings per share have near doubled from NT$1.84 to NT$3.5. Gross margin increased by 1.31 to 13.33%, while operating margin grew 1.2%.