International Dealer News 173 Jun/Jul 2023 IDN172 Jun/Jul 2023 | Page 30

THE BRADLEY REPORT
THE BRADLEY REPORT

HiSun pouring money into entering V-twin motorcycle market

HiSun might not be a name that is familiar in the motorcycle market , but buyers of ATVs and side-by-side UTVs might well know the company . It already has a 7.1 million sq ft factory making four-wheelers and a U . S . distribution subsidiary ( HiSun Motors Corp ., U . S . A .) at McKinney , Texas . However , it would appear that HiSun ' s parent company , Chongqing Huansong Technology Industry Co , is now turning its attention to motorcycles . The parent company is
' filings show the former S & S owned X-Wedge 60-degree V-twin '
the main shareholder of a new motorcycle brand - Chongqing Weiqi Technology - and developing a range of large-capacity V-twin machines . The company was established in 2020 , with an opening investment of 100m yuan ( around $ 15m ) from five shareholders , led by Chongqing Huansong and its owners . While we don ' t yet know what the
Chongqing Weiqi ' s bikes will be called , the new company has applied for several trademarks , including a graphic ' X ' logo and two names , ' Knight ' and ' Whiskey ', for upcoming models . Designs for two bikes have been registered so far by the company , as well as the visual appearance of the
S & S V-twin engine that it appears to be intending to use . The first model is a Fat Boy-style cruiser , the second a full-dress tourer along the lines of the
Harley Ultra Limited . Both use the same Softail-style frame , with hidden rear suspension , and the same engine which carries the S & S logo and ' 121 ' badges , showing it to be the 121 cubic inch version of S & S ' s 60-degree X- Wedge design . According to sources at S & S Cycle , the X-Wedge engine family had been removed from their lifecycle plan to open up engineering and manufacturing bandwidth for a more diverse product line , with the IP and all manufacturing equipment subsequently sold to HiSun Motors in 2020 . Although we ' re yet to see these bikes in the metal , the design images show machines that could easily pass for American V-twins , and with 121 cu in ( nearly 2,000 cc ) engines , they ' re promising to be the largest motorcycles yet to come from a Chinese brand .

eROCKIT in multi-million euro partnership with Motovolt

Indian electromobility company Motovolt Mobility Pvt Ltd . has acquired a stake in eROCKIT AG of Germany - investing € 1m as the first step towards a capital increase . The investment is intended to " strengthen product development and production of the two-wheeler manufacturer ' s designs at its site near Berlin ". In addition to this commitment ,
Motovolt is planning further investments of close to € 10m in India for industrialisation of eROCKIT products . " Part of product strategies , Motovolt ' s commitment strengthens the production of premium eROCKIT models in Germany and opens up access to India , the world ' s largest mobility market ". Andreas Zurwehme , Chairman eROCKIT AG , said : " I am pleased to have Motovolt as a strong shareholder in the company . The investment accelerates eROCKIT ' s expansion plans as a vehicle manufacturer and technology provider . It ' s a strong signal for our shareholders and we are open to further investors ." Tushar Choudhary , CEO Motovolt , said : " eROCKIT is a great mobility concept that impresses with innovation and quality across the board . Together we will lead the eROCKIT brand to global success . Motovolt intends to redefine motorcycles as a category in India to significantly enhance the user experience by using the eROCKIT next
generation technology platform and its German engineering ." In the global booming electromobility market , the eROCKIT " is an extraordinary vehicle ( light motorcycle / L3e / 125 cc category ), which differs fundamentally from other vehicles thanks to its innovative e-pedal drive . The eROCKIT is intuitive , combining the experience of a performance motorcycle and an e-bike for a unique rider experience ". This is said to be made possible by human hybrid technology . eROCKIT AG is a joint-stock company holding 100 % of the shares in eROCKIT Systems GmbH in Hennigsdorf near Berlin . The unique pedal-controlled electric motorcycle eROCKIT is built there . " The eROCKIT Group team consists of first-class twowheeler and automotive experts and a strong management . Richard Gaul , business consultant and formerly head of communications at BMW , is member of the supervisory board of eROCKIT AG ". Motovolt was founded in Kolkata in
2018 by Tushar Choudhary and his family and is one of the leading electric mobility companies in India - making sustainable , multi-utility , micromobility e-bikes and e-scooters for urban commuters . Motovolt says it plans to invest around € 40m more in its e-mobility business , citing India as one of the largest and fastest growing two-wheeler markets in the world . By 2030 , the Indian government is aiming for a 30 % share of electric vehicles . www . erockit . de
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