Forever is a permanent brand bicycle, and it is one of the earliest bicycle manufacturers in China. In the 1970s and 1980s, bicycles were high-end means of transportation. At that time, rural wives often used "permanent cards" to pick up their brides. With the diversification of travel modes such as private cars, buses and rail transit, "permanent brand" bicycles have faded out of people's sight.
Permanent brand introduction
The history of Shanghai Permanent Co., Ltd. engaged in bicycles can be traced back to 1940. It is one of the earliest bicycle manufacturers in China.
During the period of 1940, as the largest state-owned bicycle factory, it made indelible contributions to the development of bicycle industry in China, permanently developed standardized bicycles that unified the national bicycle standards and specifications, and developed the first generation of 660MM light cars, trucks, racing cars, electric bicycles, LPG mopeds and other products in China.
Permanent brand bicycles have produced and sold nearly 90 million vehicles, becoming the most common single brand and single product transportation products in China. Bicycle, the main product, ranked first in domestic sales for four consecutive years from 2002 to 2005, and the sales of electric bicycles exceeded 200,000 in 2005. Products are spread all over the country and exported to more than 50 countries and regions in Europe, Asia and Africa.
As the earliest enterprise in China's bicycle industry to implement modern enterprise system reform, it began to be transformed into a domestic listed company on 1993, and its A shares and B shares were listed on the Shanghai Stock Exchange. In 2005, as the first A-share company in China with B-shares, it implemented the share-trading reform and made great contributions to the social and economic development of China.