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John Degenkolb and Warren Barguil were among six Giant-Alpecin riders taken to hospital on Saturday after being struck by a car while training in Spain.
The accident happened near Calpe in Alicante, and resulted in emerging French star Barguil and German sprinter John Degenkolb being taken to hospital along with fellow riders Chad Haga, Fredrik Ludvigsson, Ramon Sinkeldam and Max Walscheid.
The team issued a statement on Saturday saying that all riders were stable and conscious but offering no further details of their injuries.
"Everyone on the team is in shock right now, and there are some major issues that we need to take care of, but we also realise that we have had some luck on our side," team physician Anko Boelens said.
"Everyone is conscious, stable and approachable, but we are waiting for the latest information and consult the doctors in those hospitals about the treatments needed for the riders."
The team said the riders had been struck head on by the car, stating the riders had been in formation on their own side of the road.
Degenkolb, 27, won the prestigious Milan-San Remo and Paris-Roubaix classics last season, as well as the final stage of the Vuelta a Espana, an event in which he won the points classification in 2014.
Barguil, 24, finished 14th overall in last year's Tour de France and is considered to be among the riders capable of ending France's long wait for a home winner.