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34                      SHOW DAILY          DAY 2


                         bike week

           Yuan Fuh


                            2
                On a 10,000m  site, the Yuan Fuh Hardware (Zhangzhou)
           plant entered production in 2019, and mainly manufactures alloy
           bicycle frames and e-bike frames. Annual output is 200,000
           units, and the plant boasts a high level of automation, including
           automatic welding equipment. Products are chiefly exported to
           the EU ( 60%) and US (30%).















                                                                   ▲AluForce GM Ken Wu (third from the left),




















           N+1

                The N+1(Nuvo) (Zhangzhou) plant occupies a
                   2
           29,000m  site, and went into production in the fourth
           quarter of 2021. It mainly produces extruded aluminum
           tubing, aluminum frame tubes, hydraulically formed
           tubing, and e-bike frames, which are chiefly exported
           to Southeast Asia, Europe, North America, and Japan.
           Affiliate Nuvo's Shajing plant recently merged with this
           plant, and will produce accessories such as bicycle bells.



                                                              ▲N+1 GM Louis Shih (third from the left),
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