Peloton exits owned-manufacturing, expands partnership with Rexon; suspends Tonic facility

PELOTON INTERACTIVE, INC.

Peloton exits all owned-manufacturing, expands partnership with leading Taiwanese manufacturer Rexon Industrial Corp.
Rexon becomes primary manufacturer for Bike and Tread product lines; Tonic Fitness Technology facility suspended through rest of 2022.
Over 100 Peloton Taiwan team members to remain, focusing on engineering and manufacturing strategy.
CEO Barry McCarthy says this simplifies supply chain, variablizes cost structure, reduces cash burden.

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