Ninety percent of the world’s bikes are manufactured in China, and the country is now pushing to become a design hub of its own.

“China is the center of manufacturing…. [it is now becoming] familiar with building brands and products. We have the technology and good design. It’s also easy to get money in China, so we can go global faster,” SpeedX co-founder and CEO Tony Li told TechNode.

Beijing-based SpeedX’s Leopard bike surpassed its own Kickstarter goal by 46 times, with over $2.3 million USD pledged of a $50,000 USD goal. It also set the record for the most highly-funded bike on Kickstarter’s crowdfunding website.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com