Yes, there are folding bikes. Brompton and Dahon are two
makers.
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Leisure Lakes Bikes sell a huge range of bikes. They sell
mountain bikes, road bikes, folding bikes, BMX bikes, Hybrid bikes,
electric bikes and kids bikes.
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Researching Korean bicycle manufacturers has found that one
company called Samchuly is the largest manufacturer of bikes in
Korea. The company makes a large variety of bikes such as folding
bikes, racing bikes, children's bikes, women's bikes and mountain
bikes.
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The Dahon folding bikes are advertised as being 'the worlds best
selling folding bike'. There are over 20 different models
available. Each model features a strong, light-weight frame that
can be quickly folded up for easy storage/transportation.