Quarterly Growth in Bike Sales

　　Fox's bicycle-related sales in the third quarter increased by 38.7%year-on-year and 21.9%quarter-on-quarter.Compass Diversified saw an 11.8%increase in sales for the same quarter,with net income reaching$31.5 million.Shimano's third-quarter revenue grew by 5.34%year-on-year,breaking the trend of consecutive declines.These results signal a recovery in the bicycle market.

　　Australia Launches the Nation's First Standard for Electric Micro-Mobility Products

　　The Fair Trading Department of New South Wales,Australia,will introduce the nation’s first information standard for electric micro-mobility products powered by lithium-ion batteries.The aim is to inform buyers about the risks associated with these products and the correct usage methods.The standard,announced in early August,requires electric micro-mobility products to meet new testing,certification,and labeling requirements,which will be implemented in phases starting February 1,2025.Electric micro-mobility products include electric scooters,electric bikes,electric skateboards,self-balancing hoverboards,and related chargers.

　　Misleading Reports are Damaging Public Perception of E-Bikes

　　The Australian Bicycle Trade Association(ACT)has urged for fair and accurate reporting of news related to e-bikes.Reports indicate that Australian lawmakers have complained about the BBC’s incorrect implication that e-bikes are linked to accidents and have urged the BBC to correct this portrayal.ACT stated that such misinformation hinders people's willingness to try e-bikes.The Australian government has also called on cyclists and store owners to be wary of local media’s false reports and request corrections when necessary.

　　Bicycle Industry Joins Forces for Climate Action

　　Eight internationally renowned bicycle brands—Accell,Canyon,Quality Bicycle Products,Rose,Schindelhauer,Schwalbe,Scott,and Trek—have teamed up to launch an online training course aimed at educating the industry and helping reduce greenhouse gas emissions in the global supply chain.The training covers the basics of measuring and reporting greenhouse gas emissions,setting emission reduction goals and monitoring progress,and provides case studies on potential solutions for reducing emissions.

　　Yamaha Exits the U.S.Market

　　Yamaha recently announced that it will withdraw its electric bicycle business from the North American market by the end of this year.The company will offer discounts of up to 60%on its remaining inventory and continue to support electric bikes already sold in the U.S.for at least five years.