Dear Valued Customers,
We would like to inform you about a recent development that may impact our pricing. Due to the recent update in Section 301 Tariffs, the exemption from the tariffs related to bikes and e-bikes has not been extended. This change will result in a 25% increase in duty, affecting the overall cost within our industry. Consequently, Velotric has adjusted our prices accordingly, effective June 1st.
We understand that any price increase can be concerning, and we deeply appreciate your understanding during this time. This adjustment is necessary for us to continue sourcing high-quality materials and maintaining the exceptional standards you have come to expect from us.
By adapting to these changes, we are also contributing to a more balanced and fair trade ecosystem, which we believe will benefit both businesses and consumers in the long run. As a brand dedicated to providing quality products and excellent service, we are committed to sustaining a long-lasting and sustainable business. This commitment enables us to innovate and offer you the best biking experience possible.
If you have any questions, please do not hesitate to reach out to us. We are here to help in any way we can. Thank you for your understanding and continued support as we navigate through these changes together.
Warm regards,
The Velotric Team