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THE INVESTOR
November 01, 2020
Big Reunion

Startups & Investors

Electric bicycles demand surges amid COVID-19 outbreak

  • PUBLISHED :June 01, 2020 - 15:17
  • UPDATED :June 01, 2020 - 15:17
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South Korean bicycles maker Samchuly Bicycle said on June 1 its sales of electric bicycles have surged as people are looking for new ways to travel amid the coronavirus outbreak.

According to the company, its sales of electric bicycles have surged 34 percent on-year in the first quarter as they can serve as an alternative to crowded public transportation. 

Samchuly Bicycle’s Phantom Q (Samchuly Bicycle)



“Demand for electric bicycles as well as general bicycles has jumped as customers can minimize contact with other people when traveling on bicycles, a company official said.

Samchuly’s electric bicycle Phantom Q can travel up to 100 kilometers on a single charge and offers a speed of 3 to 4 kilometers per hour. It also supports a “pedestrian mode” when riders haul their bicycles.

By Kim Byung-woo (kbw@heraldcorp.com)

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