That's a clever conspiracy theory! But let's get real, e-bike manufacturers are likely struggling to balance innovation with profitability. Battery tech advancements are expensive, and if they invest too much, prices skyrocket, and sales plummet. It's a delicate dance. As for vertical integration, it's not that simple. Securing supply chains requires massive investments, and even then, there are no guarantees. Maybe it's a bit of both – supply chain constraints and cautious innovation. What do you think?