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MyVelo offers freedom of movement and comfort with electric bikes and wheelchairs for the whole of Germany
No customs duties for import to Germany
With regard to electric bicycles, the European Union has imposed anti-dumping duties of up to 83.6% on electric bicycles manufactured in China from July 2018, and the price of electric bicycles manufactured in China has therefore decreased.
On the other hand, it is a good business opportunity for Korea to secure global market share through Korean-made electric bicycles due to the Korea-Europe Free Trade Agreement (0% tariff).
Rapid growth in the mobility market
The electric bicycle market is expected to grow to $10,000 million annually from 2019 (approximately $110 trillion market, source: Navigant Research).
In particular, the corresponding market is expected to grow annually due to environmental factors such as traffic share of at least 20% in Europe (40% ↑in the Netherlands) and 20% in Japan.
Electric wheelchairs are expanding the market as mobility products in the ageing society.
Technological innovation
- Continuous technology development and safeguarding of proprietary technology to improve engine performance.
- Ensuring the finished vehicle with control function and high completion by using the company's own technology.
- Securing qualified professional mechanics for electric bikes.
- Our professional technicians have at least 5-10 years of experience.
- Our team is able to improve performance at the right time and solve problems efficiently in case of defects.
Infrastructure for market trends
We are able to market and sell products according to market trends through our own staff and partner companies (in Korea and abroad) as well as through outsourcing.
Unique products and competitive strategy
- Operation of a production line in three factory buildings (total 3,300 ㎡/about 1,000 pyeong).
- Location in the customs territory (free trade zone).
- Ensuring competitiveness for imports and exports.
- Increased preferences for Korean-made products and company-owned A/S infrastructure.
- “Made in Korea" products can be exported at the 0% tariff rate due to the free trade agreement.
- We are able to compete on price with products from China, which compete globally.
- We are proud to be the only company that can take responsibility for postal management as a producer and manufacturer and not just a simple trader.
