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Dr. David Hon, the founder of DAHON, was invited by Bloomberg to speak at The China Show on October 10, 2025, sharing his views on Green Mobility and the company’s growth and outlook.
Impressive Listing Results Reflects Recognition and Trust by Investors
During the interview, Dr. Hon highlighted the impressive results of the company’s recent listing on the Hong Kong Stock Exchange, with oversubscription by 7,599 times by 222,000 would-be investors, a record high in Hong Kong in recent years. “The current stock performance reflects market recognition and the trust of investors. We are optimistic about the company's long-term value, not just about the stock price. The money would be good to good use for consumers and investors alike”, said Dr Hon.
The raised fund will be be used to expand production capacities, advance smart manufacturing, ramp up R&D capabilities, enrich the product lineup, and strengthen distribution network and promote strategic brand building.
Seizing Green Mobility Trends to Lead Development
To shed lights on the Chinese consumer trends and the impact of global trade dynamics, Dr. Hon pointed out that mainland China is the largest market for folding bicycles globally (approximately 22%), particularly strong in the mid to high-end segment, which accounts for 25% of domestic retail sales volume and 75% of retail sales value. With the expansion of the middle class and growth in per capita GDP, the demand for mid to high-end folding bicycles continues to rise.
Despite the global bicycle market facing inventory excess and significant declines due to international conditions and U.S. tariffs, DAHON has achieved growth, As of April 30, 2025, sales for the first four months reached 93,398 units, a 46.5% increase year-on-year, with net profit up 69.3%. This performance strongly confirms the ongoing robust demand in the folding bicycle market, especially among urban users with limited living space or multi-modal transportation needs, where folding bicycles have unique advantages.
In terms of global market structure, Dr. Hon explained that the global folding bicycle market is relatively concentrated, with the top five companies holding 19.4% of the market share in 2024. As the largest folding bicycle company globally, DAHON achieved retail sales volume of 226,400 units in 2024, with a market share of 6.2%, and its mid to high-end products are increasingly favored by the market.
DAHON is among the few publicly listed companies in the bicycle industry. The public listing not only provides financial support for business development and expansion but also strengthens operational capital for the global footprint. More importantly, being a publicly listed entity subjects the company to regulated oversight, aiding in long-term stable development.
Innovation Driving Core Competence
As a modern enterprise that emphasizes research and development, DAHON recently launched the patented "DAHON-V" technology suite, which effectively enhances the speed of DAHON’s product lineup. Dr. Hon emphasized that the company’s uniqueness lies in its focus on providing convenient, eco-friendly mobility solutions, with product performance being the core rather than merely the folding function.
In terms of patented technology, the company possesses several core technologies that competitors find difficult to match. For instance, patented technologies like DELTECH and SUPER DOWN TUBE have enabled folding bicycles to achieve performance levels comparable to or exceeding those of renowned brand road bikes. Additionally, the company maintains a set of bicycle design, testing technologies and methods that effectively address common structural deficiencies in bicycles.
The company currently employs 45 R&D engineers, including three PhDs, who are dedicated to developing advanced technologies to improve bicycle frame design, providing strong intellectual support for the company’s product innovation.
Upholds Sustainability, Charting a New Course for Future Growth
As sustainability underpins the development strategy of global enterprises, in particular, surveys have indicated that urbanization trends have resulted in the usage rate of folding bicycles being the highest in mainland China and other Asian regions. Combining convenience and environmental friendliness, folding bicycles play an increasingly important role.
Dr. Hon firmly believes that foldable green mobility tools represent the future development direction of urban transportation and leisure activities. The bicycle industry can only thrive by working together for the benefit of society. He is confident that the company’s high-quality products will capture a larger market share within the entire bicycle industry, contributing significantly to the promotion of global green mobility efforts.
This Bloomberg interview with Dr. Hon has showcased DAHON’s robust development has also gained recognition by an influential media authority. DAHON will continue to forge ahead with its strong focus on innovation to chart a new course of green mobility for the future!
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DAHON Founder Dr. David Hon: The Evolution of a Physicist to the Father of Modern Folding Bikes