Taiwan E-Bike component maker Joy Industrial Goes Public
Taiwan based component maker Joy Industrial is preparing for an Initial Public Offering (IPO).
Shares of this company are already traded on the OTC (Over The Counter) market. This year the company’s stocks will be transferred into the regulated Taiwan Stock Exchange (TWSE). It’s listing’s number is 4559. Joy’s founder and President Steven Chen has promoted his sons Tate to the new position of CEO and Jeff to CMO (Chief Marketing Officer). Because he thought that the next generation should take over more responsibilities for the company.
It is mentionable that, Joy Industrial isn’t listed within the nation’s bicycle company’s segment, but under Taiwan’s electronics segment. That’s due to thir electronics offering for e-bikes and e-scooters. Joy is now introducing an e-bike mid-motor drive system that’s also suited for e-MTB’s. Moreover, three years ago they started to produce electric scooters. They are sold in Taiwan now, but Joy’s next target is to sell them in China also. Original story by Jo Beckendorff for Bike Europe. Read full story.by