Rad Power Bikes Files Chapter 11, Owes $8.3 Million to U.S. Customs as Tariffs Pressure E-Bike Industry
Rad Power Bikes filed for Chapter 11 bankruptcy, listing an $8.3 million unpaid tariff bill to U.S. Customs among its largest debts, highlighting financial challenges amid COVID-driven demand declines and rising costs in the e-bike industry.
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