Electric bicycles production brought back to Bologna from Shanghai


29/05/2017 - Five (Italian Factory Electric Vehicles) inaugurated its new “zero impact” production plant in Bologna on the 22nd of May 2017. The company is an innovative startup part of the Termal Group and produces electric bicycles with the brands Wayel, Italwin and Momodesign. The investment started in 2013 and is aimed at relocating in Emilia-Romagna the production activities previously moved to Shanghai. According to the company’s management, producing in China was not convenient anymore because of issues concerning quality, costs, times and also because the “Made in Italy” is a great brand acknowledged by the customers. The investment on the new plant amounted to 10 million euro. All the required electric energy is provided by a roof covered with solar panels. The bicycles are refinished with eco paints.

The so-called phenomenon of “reshoring” refers to companies bringing back productions sites previously moved abroad. Emilia-Romagna is one of the regions in Italy with the highest number of companies carrying out this kind of operation.

Website: http://www.fivebikes.it/  www.wayel.it/  http://www.termal.it/mobilita-elettrica/

 

Source: IlSole24ore (23/05/2017), Corriere di Bologna (23/05/2017), LaRepubblica (27/02/2017), Report “Il fenomeno della rilocalizzazione produttiva («Reshoring»)” Uni-CLUB MoRe.

 

 

 

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