September 2023 Bicycle production steadily converging in Europe CONTENTS Lithuania 2 Lithuania moving to the forefront of bicycle production Lithuania is putting itself on the map as the next bicycle production hub in Europe. Factory in Poland 4 Chinese-backed brand builds e-bike factory in Poland Backed by a Chinese manufacturer of home appliances, Polana Bikes has ambitions to produce 80,000 e-bikes per year in the future. Panasonic closer to European market 5 Panasonic gets closer to European market Bike Europe visited Panasonic's head office near Osaka and discovered why the e-bike pioneers first put the brakes on Europe. Data driven component 7 Data driven component manufacturing pushes Herrmans forward Herrmans Bike Components has entered a new phase where sustainability and automation are a key focus. Investments in European production continue 8 Investments in European production continue In recent years an increasing number of companies are opting for close to market production in Europe.