Nov 25, 2021 07:39 PM (GMT+8) · EqualOcean
Cailian, November 25 (Xinhua) -- since the beginning of this year, the price of raw materials in the upstream of the bicycle industry has soared, resulting in the price rise of bicycle parts such as frame handlebars and transmissions to varying degrees. The person in charge of a bicycle manufacturing enterprise in Shenzhen told reporters that since his employment, this is the first time he has experienced such a long-term rise in the price of raw materials. The continuous rise of raw materials has led to a significant increase in the manufacturing cost of bicycle enterprises. In order to reduce the cost pressure, some bicycle manufacturers have to raise the ex factory price of complete vehicles for many times. The person in charge of a bicycle store said, "since November, the price of all products has increased by more than 15%