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NA Powersports EV Update
Read the complete report in April PowerTALK™ News
EDITOR’S NOTE. Power Systems Research tracks the global trend of electrification of industrial equipment. This is one of a series of reports on these trends.
Michael Aistrup Polaris INDUSTRIES, Minneapolis, is planning to debut a new electric Ranger utility side-by-side in December 2021. The Ranger will be the first electric vehicle Polaris has developed through their partnership with Zero Motorcycles.
The electric Ranger is the first product in Polaris’s long-term plan to accelerate its leadership in powersports electrification. Production will take place in Polaris’s Huntsville, AL facility.
Bombardier Recreational Products Inc. (BRP), which owns popular brands such as Can-Am, Rotax, Sea-Doo and Ski-Doo, plans to offer electric models in each of its product lines by the end of 2026. The company is investing $300 million in product development and production facilities.
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PowerTALK™ News, February 2021
Chris Fisher, senior commercial vehicle analyst at Power Systems Research, provides a forecast in the February 2021 issue of PowerTALK™ News for MHV.
Here are more articles in this issue:
North America: Electric MotorcyclesDataPoint: Global SnowmobilesEurope: Volvo Penta Plans Zero EmissionsSouth America: Brazil Vehicle Exports Up 22%Taiwan: Innovation Powers Gorgoro NetworkJapan: Honda Launches Electric BikeSouth Korea: Hyundai Offers Custom EVsIndonesia: New Tesla Investment?India:…
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Honda Launches Electric Bike for Business
Honda announced the “GYRO e:” and “GYRO CANOPY e:” as planned commercial models of electric three-wheeled scooters for business use that use replaceable batteries. The new models will be marketed as the Honda e: Business Bike series together with the BENLY e: business electric two-wheeled scooter, which has been sold to corporate customers since April 2020.
The GYRO series will be used in many business applications such as deliveries. The GYRO series is a three-wheeled model with one wheel in the front and two in the rear to increase stability, and there is also a “CANOPY” model with a roof and wipers that can handle a little rain.
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Gogoro Network Powered Through Innovative Solutions
To date, there have been over 151 million battery swaps, an average of 2.8 per second.
Erik Martin TAIPEI (Taiwan News) — Imagine being asked to design and build a totally new, green energy infrastructure for an entire country — from scratch.
This was the goal given to Gogoro Network (GN) General Manager Alan Pan (潘璟倫) by Gogoro founder and CEO Horace Luke (陸學森). Sitting down for an interview with Taiwan News, Pan described some of the issues electric scooters faced before Gogoro, including limited charging solutions due to lack of space in Taiwan and high battery and maintenance costs.
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New Wave of COVID-19 Cuts Brazil Motorcycle Production by 50%
Manaus-AM had the biggest impact of COVID 19 in Brazil and it is where Honda and other Motorcycle OEMs have production plants. Honda, responsible for over 80% of the production, had to stop twice in January due to the pandemic effects. The consequence is that the production in January 2021 fell by 50% when compared with January 2020 and by 27% when compared with December 2020.
Source: Press Release Read The Article
PSR Analysis: The demand for motorcycles remains high and the…
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NA Electric Motorcycle Segment Growing
Michael Aistrup Motorcycling in America is changing as industry leaders and new technology competitors are trying to attract newer/younger riders who want something different from Harley-Davidson’s big cruisers or screaming Japanese and European performance bikes.
The changes are in response to younger riders who are attracted to the efficiency and fun of two-wheel travel associated with e-motorcycles, while older riders are losing interest, or simply becoming unable to ride any longer.
At present, e-motorcycles remain a niche market. Riders are typically city dwellers in their early 40s–slightly younger than the average age of a U.S. motorcycle rider, which is 47, according to the Motorcycle Industry Council’s U.S. Motorcycle Owner Survey — and uses the bike to commute.
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Powersports Segment Growth Ignores COVID-19
Michael Aistrup While much of the North American economy slowed to a crawl after COVID-19 shutdowns in 2020, the powersports industry posted significant growth. Many people, weary of staying at home, found a cure for cabin fever while riding an off-road vehicle or experiencing socially distant spaces on trails. By all indications, the sales increase in powersports equipment has been one of the few bright spots in an otherwise grim COVID-19 economy.
According to Jeremy Jansen, senior vice president of Wells Fargo Commercial Banking’s distribution financing business, “What started out as a slight uptick has just taken off to record sales levels,” he said. “Dirt bikes, ATVs, side by sides, personal transport vehicles — everything in the book is retailing well above prior year.” After plummeting briefly in mid-March amid the initial shutdown, powersports sales skyrocketed in the ensuing months.
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Kawasaki To Spin Off Motorcycle and Engine Business
Kawasaki Heavy Industries said it will spin off its motorcycle and engine business in April 2021. The business is the only B2C business in KHI. By spinning off the business, the company aims to speed up decision-making and offer new products and services for consumers.
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Market Updates: PowerSports, Lawn & Garden and Marine
New Powerboat Retail Sales Up 8%
Michael Aistrup Data from the National Marine Manufacturers Association shows August was another strong month for new powerboat retail sales, which were up 8% year to date on a seasonally adjusted basis compared to a year ago.
New power boat retail sales did slowed in August following increases in the early summer months. Total sales were down 13 percent compared to July, while sales are still strong with increases across all major categories, year to date. Sales of saltwater fishing boats, tow boats, cruisers and yachts each had double-digit growth ranging from 11 percent to 15 percent, compared to 2019. PSR
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Global Recovery: Opportunities and Challenges
SUMMARY. The global economy, especially within the Engine, OEM and Components industries, has felt the immediate impact from COVID: assembly line shutdowns, labor issues, supply chain issues, logistics and transportation to name a few. The pandemic has exposed many weak links in the global economic chain. However, by end of summer, most of these challenges were either completely resolved or temporary solutions had been put in place.
Yosyf Sheremeta Diversification has become the theme during the pandemic recovery, and we expect this trend to continue. Not only are companies looking for new markets and suppliers to grow top and bottom line revenue as well as to minimize risks, but we see a shift into new industries. Furthermore, rapid developments of new technologies create massive opportunities for OEMs and suppliers as well as posing real threats to OEMs that solely rely on traditional products that are powered by fossil fuels.
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