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VELO VELO CEO Ann Chen ▲VELO CEO Ann Chen states that the Vietnam
pointed out that the Vietnam factory is currently focused on small-batch
In response to overseas factory uses the latest, entirely production, preparing for large-scale production
customer demand, VELO also new machinery (imported from in 2025.
bought land and built a factory Germany and Taiwan), and op-
in the Bao Cui International erates with 100% bonded sta- Taiwan factory and supplied
Industrial Park in Binh Duong tus. The production capacity is by local vendors. The Vietnam
Province. Originally planned to on par with the Taiwan plant, factory covers 28,000 square
begin production in 2020, the meaning the Vietnam factory meters, with a monthly capac-
launch was delayed due to the can produce all the products ity of 300,000 units. Ann Chen
COVID-19 pandemic and the made in Taiwan. Ann empha- also mentioned that the Vietnam
factory finally started opera- sized that VELO’s decision to factory holds great expectations
tions in October 2022. Howev- set up the factory in Vietnam due to its top-notch layout and
er, due to high global inventory was not for cost reduction or significant growth potential,
levels and a sharp reduction in cheap labor but mainly to estab- and that VELO will continue to
orders, the factory is currently lish a short supply chain for im- invest efforts toward sustainable
running small batches for train- mediate service to local bicycle environmental goals.
ing purposes, preparing for assembly plants. Raw materials
mass production in 2025. are sourced mainly from the
2025 Bike & E-Bike Market Update 33
