Harley-Davidson partners with KYMCO for future EVs

    Published On Dec 27, 2021 11:51:00 AM

    5712 Views

    KMYCO to invest $100 million in Harley-Davidson’s LiveWire brand as part of its upcoming public offering.

    Earlier this year, Harley-Davidson announced that its LiveWire electric motorcycle would be spun off into its own sub-brand called LiveWire, and the bike itself is now called the LiveWire ONE. Harley-Davidson has now announced that LiveWire will go public, and partner with sustainability-focused special purpose acquisition company AEA-Bridges Impact Corporation (ABIC).

    There will also be a $100 million investment from Harley-Davidson itself, and another $100 million investment from Taiwanese manufacturer Kwang Yang Motor Co Ltd (KYMCO), which will give the latter a four percent share in the venture. Once the deal is completed, LiveWire will become the first publicly traded electric motorcycle company in the USA, with an estimated post-money valuation of $2.3 billion.

    With a number of products in LiveWire’s pipeline, KYMCO’s entry should help the brand crack the Eurasian markets where it has a strong footing. The press release mentions that LiveWire will benefit from the engineering expertise, manufacturing footprint, distribution, supply chain infrastructure and global logistics capabilities of both Harley-Davidson and KYMCO. Additionally, KYMCO is already manufacturing and selling electric scooters in Eurasian markets, and perhaps, these could be tweaked, rebranded and sold under the LiveWire brand.

    Copyright (c) Autocar India. All rights reserved.

    Comments
    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now
    Search By Bike Price
    Poll of the month

    Which was your favourite new car launch of 2021?

    Mahindra XUV700

     

    49%

    New Maruti Celerio

     

    3%

    Hyundai Alcazar

     

    4%

    New Tata Safari

     

    15%

    Skoda Kushaq

     

    7%

    VW Taigun

     

    8%

    MG Astor

     

    7%

    Other

     

    6%

    Total Votes : 3252
    Sign up for our newsletter

    Get all the latest updates from the automobile universe