Another Dutch e-bike maker bankrupt, now it is Qwic

Once again a Dutch manufacturer of electric bicycles has gone bankrupt. After VanMoof earlier this year, Qwic is now going under. The Amsterdam brand was already granted a deferment of payment last week.

Now bankruptcy has also been declared for parent company Hartmobile, it appears the Insolvency Register of the judiciary. Qwic’s curator could not yet be reached for a response to the bankruptcy.

“After years of strong growth in European e-bike sales, we have seen a trend break since the summer of 2022,” the company said earlier in an email to business associates. trade site Nieuwsfiets quoted from. “Demand for e-bikes is stagnating, which has left retailers saturated and sales prices under pressure.” Qwic had existed since 2006 and said it sold around 200,000 bicycles.

In addition to these market conditions, Qwic was also confronted with an additional assessment from the tax authorities of 12 million euros in import tax for parts from Taiwan. “This impending additional tax makes it impossible to refinance the organization in the short term,” the company said last week.