- General
- December 19, 2018
- 6 minutes read
Uber Seeks Chinese Tariff Exclusion For Electric Bikes
image : Jump Bikes Uber has asked the U.S government for an exemption from new tariffs on Chinese imports for…
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| image : Jump Bikes |
Uber has asked the U.S government for an exemption from new tariffs on Chinese imports for electric bikes the company is producing in the country. With ambitious plans for its bike and scooter business, Bloomberg says it now churns out nearly 1,000 bikes a day with over $1 billion set for spend on scooters, electric bikes and other transportation alternatives according to Vice President Rachel Holt in a recent interview.
The request filed by Uber was posted this Monday by the Office of the U.S. Trade Representative. A current 25% tariff is in place for $16 billion worth of Chinese imports including scooters and electric bikes, this incurs more costs for companies like Uber, Lime, Bird and several more who manufacture their scooters and electric bikes in the country.
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| Uber’s newly designed Jump Bike
image : Uber
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| Uber’s newly designed Jump Bike
image : Uber
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| Uber’s newly designed Jump Bike
image : Uber
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Uber just recently, unveiled a new Jump Bike with a handful of updates including swappable batteries, a front dashboard, a phone mount and cable lock. These bikes will begin rolling out in existing cities where the Jump bike-sharing service is available beginning next year. It’s also scheduled to roll out to new cities.
Uber has also reportedly held acquisition talks with scooter companies Lime and Bird, all of these signalling a double down on the alternative transportation space by the ride-hailing giant.
