Bicycle saddle manufacturer CIONLLI held a groundbreaking ceremony for its new factory at Vietnam Singapore Industrial Park III (VSIP III) in Ho Chi Minh City on November 10, 2026.The factory will occupy a 10,000-square-meter site, with a building area of 6,000 square meters and a planned annual capacity of three million saddles. Production is scheduled to begin in the third or fourth quarter of 2027.

CIONLLI General Manager Daniel Lee said the investment responds to customer demand, with Vietnam expected to become a key production base supplying European and U.S. Markets. Lee believes the bicycle market has passed its lowest point and is gradually recovering. By investing ahead of the recovery, CIONLLI aims to have production capacity ready as demand returns. The company also sees opportunities in Southeast Asia, where cycling culture continues to grow.

VSIP III has attracted bicycle industry companies including Giant, Tsai Jung (Massload), Hsu Sheng (Sun Rise), Tektro, D.Mag, and China’s Feimin. CIONLLI’s new factory will further strengthen this industry cluster, creating opportunities for local sourcing and closer supply chain cooperation.