4/4/2023 0 Comments Giant bike serial number![]() ![]() To cope with the demand, Giant has begun building a new plant in Europe. Their revenue for the first quarter of 2021 increased 55%. Their total annual sales for the year 2017 were 6.6 million bikes and their revenue was $1.9 billion.ĭuring the Covid-19 pandemic, sales of bikes increased massively. The company continued to grow from there, to the point where, in 2018, they had sales in over fifty countries and 12,000 shops. Giant Cadex 980C first mass-produced carbon fiber road bicycle photo: ( Peter.shaman) With the introduction of the CADEX carbon fiber road bike in 1987, Giant became the first bike manufacturer to use computer-aided design to produce carbon road bikes. Giant has been responsible for a number of innovations in bike design and manufacturing over the years. Giant, therefore, began manufacturing their own range of bikes aimed at the $200-and-above range. In 1987, Schwinn decided to get their bikes manufactured elsewhere. By the mid-1980s, Giant was manufacturing two-thirds of Schwinn’s bikes, which represented 75% of Giant’s sales. Increasing bike sales, combined with a workers strike at the Schwinn plant in Chicago in 1980, meant that the importance of Giant as a supplier increased massively. This meant that they could manufacture bikes that would then be sold under another label. ![]() The first major deal for the company came in 1977 when their CEO, Tony Lo, managed to broker a deal to make bikes as an OEM for Schwinn. ![]() ![]() Giant bikes were founded in Dajia, Taichung County, Taiwan by King Liu. ![]()
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