December 1, 1986 (Bingyin October 30), the first bicycle production the Forever Group was established.


1986, established the nation's first bicycle manufacturing group - "permanent" Bicycle Group. (Today in History www.TodayOnHistory.com)
In December 1986, the nation's first bicycle manufacturing group --- "permanent" Bicycle Group established. Although in the early 20th century, Shanghai has been using imported parts are assembled bicycle manufacturers, but yield very little English and Japanese products long-term occupation of the market, the price is expensive, most people can not afford that, when the modern girl standing next to the bike regarded photography as a blessing. In 1940, the Japanese in Shanghai opened the first full line of factory production bike --- Chang and produced by the production of the first car named "wrench" brand --- permanent brand bicycles the predecessor. The founding of New China in 1949, this plant began production of "Forever" bicycles, and in 1953 officially named the Shanghai Bicycle Factory. Permanent Bicycle Group is using it as the main body of the factory by the Shanghai Bicycle Factory, and brandable "permanent" Bicycle OEMs, auxiliary parts as well as the commercial sector is composed of 14 companies. In In 1993, the group changed its name to Shanghai Forever Bicycle Company, transformed into "Shanghai Forever Bicycle Co., Ltd. in July, and in November of the same year, was listed on the Shanghai Stock Exchange. But the company's subsequent development is not very smooth due to the disadvantage of the product in the market competition and debt disputes, had three consecutive years of losses, the Shanghai Stock Exchange had to be listed on the company's shares be suspended with effect from May 14, 2001. Shanghai Forever Co., Ltd. is the new face of the private enterprise funds injected. Reviews
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