>4%E-bike production YoY~2%E-bike sales YoY>6%Bike + e-bike exports YoY
BUSINESS IMPLICATION
For OEM/ODM suppliers, the signal is positive but still favors disciplined capacity planning. European customers may return to more regular ordering, yet smaller batches, shorter lead times, fast replenishment and dependable spare-parts support are likely to matter more than aggressive volume commitments. The key theme is normalization rather than a return to boom-era purchasing.