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Stock impact report

Slumping Bain-Backed BRP Makes Bets on Electric Motorbikes [BNN Bloomberg (Canada)]

Harley-Davidson, Inc. (HOG) 
Last harley-davidson, inc. earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: BNN Bloomberg
Chief Executive Officer Jose Boisjoli, who announced the new line of electric motorcycles at a gathering for dealers last month, said the market for gas-powered motorcycles is already too mature to enter. But the electrification trend is creating new space in the market that “can't be ignored,” he said. The catch is cost. BRP's new e-motorcycle offerings, the Can-Am Pulse street bike and the Can-Am Origin off-road adventure bike, range from $14,000 to $16,500, which is still 20% to 50% more expensive than popular gas-powered models from the likes of Honda and Kawasaki, according to Siyi Mi, an analyst on electric vehicles for Bloomberg NEF. Harley-Davidson Inc.'s LiveWire S2 Del Mar electric bike is in a similar price range, starting at $15,500, but with a slightly better range than Can-Am's 90 to 100 miles (145 to 161 kilometers) and almost twice the horsepower. While electric two-wheelers are the fastest growing segment of EVs, much of the strength lies in scooters and mopeds Show less Read more
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