Electric bike sales boom during coronavirus pandemic, but it’s too late for GM’s Ariv

As lockdowns ease up and city dwellers look to avoid public transportation during the coronavirus pandemic, e-bike sales are flourishing. It's surprising, then, to see a company the size of General Motors exit the business. U.S. bike companies like Rad Power Bikes and Aventon Bikes all reported triple digit percentage growth in sales in some markets as the pandemic has reshaped city streets, according to a report from The Verge .  It’s not just the U.S. market, either. This trend has been con...