Peloton is planning a new $400 million factory in Ohio

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email
A runner trains on the Peloton Tread.
Photo by Amelia Holowaty Krales / The Verge

Peloton has announced plans to invest $400 million in a US factory to produce its connected bikes and treadmills, located in Troy Township, Ohio — about half an hour south of Toledo. The facility, which is planned to be approximately a million square feet, is called the Peloton Output Park. Peloton hopes it will eventually lead to lower prices for its products, though its CEO John Foley admits that could take a few years to happen.

Currently, Peloton mainly manufactures its fitness equipment in Taiwan, while many of its customers are in the US. This caused expensive shipping delays earlier this year as the company ran into both heightened demand and long shipping times resulting from the pandemic. The company’s factory announcement is...

Continue reading…

More To Explore

How to preorder Amazon’s latest devices

Illustration by Alex Castro / The Verge

Amazon announced a fleet of new products at its hardware event, including the Astro home robot, several Ring home security products, and other products like a bigger Echo Show 15 a…

Microsoft starts testing xCloud integration on Xbox consoles

Illustration by Alex Castro / The Verge

Microsoft is starting to test its Xbox Cloud Gaming (xCloud) integration with Xbox consoles today. Some Xbox Insiders in the Alpha Skip-Ahead and Alpha rings will be able to access…

Ready to take the plunge into the online world?

drop us a line and keep in touch