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Peloton to Open First U.S. Factory to Build Bikes, Treadmills

  • CEO: Facility will lead to expanded production, lower prices
  • Dedicated U.S. Peloton factory may mitigate geopolitical risks
    
Photographer: Adam Glanzman/Bloomberg
Updated on

Peloton Interactive Inc. will open its first dedicated U.S. factory in 2023, with an eye to expanding production capacity, reducing shipping times, expanding to new markets and cutting prices.

The factory, dubbed Peloton Output Park, will open in Troy Township in Ohio, Chief Executive Officer John Foley said in an interview Monday. The facility will accelerate an expansion into Europe and other new markets, reduce geopolitical risk involving Asia manufacturing facilities and improve economies of scale, Foley said.