Peloton will no longer be manufacturing its own bikes
CBSN
Peloton Interactive will no longer be manufacturing its own bikes. Instead, the company is expanding its current relationship with Taiwanese manufacturer Rexon Industrial Corp.
Peloton Interactive wants to simplify its supply chain and focus on technology and content, the company said in a press release. Peloton Interactive bought Taiwan-based fitness manufacturer, Tonic Fitness Technology, Inc. in 2019. However, the company will suspend operations there through the remainder of 2022.
Rexon, a leading Taiwanese manufacturer with over 50 years of experience, has partnered with Peloton Interactive for many years, Peloton Chief Supply Chain Officer Andy Rendich said in a statement. "We plan to maintain a significant corporate and manufacturing presence in Taiwan with over 100 Peloton Taiwan team members who continue to play a key role in our engineering and manufacturing strategy," he said.
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