27th December 2021, 17:27
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| Senior - BHPian  Join Date: Mar 2021 Location: Bangalore
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| Harley-Davidson & KYMCO partner for future EVs Taiwanese manufacturer, KYMCO has announced an investment of US$ 100 million in LiveWire - Harley-Davidson's EV sub-brand. This is in addition to the US$ 100 million investment by Harley-Davidson itself. The new investment by the two companies will benefit LiveWire in a number of ways, right from offering engineering expertise to expanding its manufacturing footprint, distribution and supply chain infrastructure.  Once the deal is complete, the investment from KYMCO will give it a 4% share in the venture. Harley-Davidson is expected to take LiveWire public with a post-money valuation of over US$ 2.3 billion. It will also make LiveWire USA's first publicly traded electric motorcycle company. Additionally, the partnership of KYMCO could help LiveWire enter multiple Eurasian markets. The Taiwanese company already sells a number of electric two-wheelers in these markets, which could be tweaked, rebranded and sold under the LiveWire brand. Source: Autocar India Link to Team-BHP news Last edited by RahulNagaraj : 27th December 2021 at 17:28. |
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