Peloton to Completely Outsource Manufacturing in a Radical Bid to Slash Costs
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PELOTON EXITS OWNED-MANUFACTURING AND EXPANDS PARTNERSHIP WITH LEADING TAIWANESE MANUFACTURER REXON
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Peloton (PTON) Stops Owned-Manufacturing Operations, Partners with Taiwan s Rexon
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Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will expand its relationship with Taiwanese manufacturer Rexon Industrial Corp., which will become the primary hardware manufacturer for its bike and tread product lines.