VILNIUS, Lithuania – The announcement by Pon Holding to construct a new e-bike and bicycle factory in Lithuania started a string of reactions in this small Eastern European country. With this new dynamic, the country has put itself on the map as the next bicycle production hub in Europe.
AMSTERDAM (BRAIN) Pon Holdings revenue increased 23% year-over-year to reach $10 billion euros ($10.9 billion) for the first time in company history, while Pon.Bike revenue was 2.4 billion euros ($2.62 million).According to a Pon Holdings spokesperson, the private company has shared some earnings data with two Dutch newspapers in the past but this is the first time it shared