The famous motorcycle manufacturer from the United States, Harley Davidson, collaborated with Kymco in producing Livewire brand electric motorcycles.
The advantages possessed by Harley Davidson or Kymco will be utilized from design, engineering, manufacturing, supply chain distribution as well as infrastructure and global logistics capabilities.
Following the spin-off of electric motorcycle Livewire, Harley-Davidson is seeking partners on the New York Stock Exchange (NYSE) along with acquisition company AEA-Bridges Impact Corp (ABIC).
See also: Harley-Davidson’s electric motorcycle business will go public via SPAC
In the cooperation agreement, Kymco and Harley-Davidson spent an investment of up to USD 100 million. Meanwhile, USD 400 million will come from ABIC.
Harley-Davidson still maintains the electric motorcycle company’s equity of 74 percent. Then the ownership of 26 percent of the shares is divided into shares of ABIC, Kymco, and the founders of ABIC.
