Cake, the Swedish producer of light-weight electrical bikes, has signed new distribution and manufacturing partnerships to promote greater than 200,000 electrical bikes in China, Mexico and Greece.
Cake signed the most important deal for the Chinese language market: A collaboration with two-wheeler producer and distributor Shanghai Eternally will see 150,000 Cake bikes manufactured and bought in China over the subsequent 4 years.
“Entering into one of many greatest markets with the optimum associate feels superb. In China, now we have an important alternative to contribute to high-quality automobiles that last more, in addition to proceed to experience on their electrical wave,” says Cake CEO and Founder Stefan Ytterborn. “With Eternally, we could have the flexibility to affect thousands and thousands of individuals, from not solely the utilization of our electrical automobiles, however by additionally lowering consumption by merchandise that last more, in addition to educating and offering inexperienced renewable vitality options.”
In Mexico, Cake is cooperating with motorbike producer Italika and Citio, a Mexican firm providing the nation’s first battery trade community. Italika is anticipated to fabricate and promote 50,000 Cake bikes in Mexico over the subsequent few years. Plans additionally name for incorporating Italika and Citio’s manufacturing and meeting capabilities to fulfill demand in North America.
In the meantime, Cake has entered right into a distribution-only partnership in Greece with Automotive Options. It consists of an order for 1,500 electrical bikes, which shall be distributed all through Greece and Cyprus from the second quarter of 2023.
In response to Cake, the corporate is trying to increase its distribution community additional in Europe, Asia, the Center East, Australia, South America, and Africa. The producer thus promised that extra distribution updates would observe quickly.
ridecake.com (China), ridecake.com (Mexico), ridecake.com (Greece)