Right now, we cowl a extra common checklist of happenings about our good business:
- Damon is taking an enormous hit with the introduction of recent tariffs, with their CEO even admitting that, “it’s been a wild experience.”
- Triumph debuts a brand new Particular Version Trident that pays homage to a 5-time Isle of Man TT Race Winner!
- Honda is dedicated to getting the value of their electrical bikes on par with that of gasoline bikes, and to try this, they’re opening up a brand new plant in India within the subsequent three years.
- LiveWire is capturing for the proverbial stars with a brand new mannequin they’re calling the “Doki.”
- Cardo has been so form as to publish a brand new adapter for Shoei’s newest Gen 3 helmets!
Let’s begin with the corporate that promised that fairly yellow EV bike that we had been teased again at CES in January of 2020, we could?
Business Insider: Tariffs and NASDAQ De-Itemizing Trigger Damon Bikes to Rethink US Entry
“… It’s Exhausting to Alter.”
We knew for a very long time, I believe, that our good EV business, whereas buzzing with innovation, isn’t proof against the unpredictable winds of the Powersports financial system; in reality, if we’re utilizing winds as a euphemism for chaotic residuals, then one would possibly place a 30% tariff on par with that of, say, a gale drive wind on the higher finish of the Beaufort scale.
Not a great time for the perfect of our good producers… particularly if they’ve any kind of dependency on the environment friendly and expeditious suppliers ever-present in China.
Suffice it to say that it will be protected to contemplate Damon… often known as Damon Inc… beforehand Damo Motors… previously-previously Damon Bikes… in that class.
How Tariffs are Affecting Damon Inc
Take this recent report from BIV (Business Intelligence for Vancouver), for instance; on this report, Adam Campbell sheds mild on how ongoing auto tariffs are inflicting Damon to drive a concentrate on different markets, with their CEO imparting the next frustrations:
– Dominique Kwong, co-founder and CEO of Vancouver-based Damon Inc. (Nasdaq:DMN) |
Beforehand, Damon had thought-about the US a key market as part of their progress technique, citing the discharge of their first machine to markets by the yr 2027. These desires had been joined by bold plans to supply as much as 40,000 bikes yearly and attain practically $1 billion in annual income by 2025.
With the US President’s announcement of 25 p.c tariffs on Canadian items again in March, adopted by the implementation of 25-percent tariffs on Canadian car imports and components, Canada’s Prime Minister’s subsequent announcement of matching tariffs has solely added one other layer of complexity to the equation that Damon’s working with within the publishing of their first bike.
– Dominique Kwong, co-founder and CEO of Vancouver-based Damon Inc. (Nasdaq:DMN) |
Damon Thought-about for NASDAQ Delisting
So as to add gasoline to the hearth, we additionally perceive Damon’s a possible delisting from NASDAQ, because of shareholder issues and an extra letter from the Nasdaq Itemizing {Qualifications} Division(through Investor.com).
Damon is, by all accounts, buying and selling at $0.01 per share after shedding 99.12% year-to-date, placing Damon Inc.’s monetary well being at a “WEAK” score with a regarding present ratio of simply 0.09. Damon’s motion within the inventory market itself – significantly, a current securities issuance by the corporate – has brought on the Nasdaq Itemizing {Qualifications} Division to be involved, with the residual dilution of shareholder worth mentioning the vulnerabilities of Damon’s standing on NASDAQ.
For individuals who had been scratching their head at that like I did, this info merely means Damon’s short-term property are considerably lower than their short-term liabilities, inflicting folks to doubt their monetary stability and inflicting NASDAQ to wish to take away the corporate from being part of the inventory market.
In response to the delisting notification, we’re instructed that Damon Inc. has secured a listening to with the Nasdaq Hearings Panel on Might 20, 2025, the place they may current their plan to regain compliance. Within the meantime, all buying and selling of Damon Inc.’s shares has been halted since yesterday (Thursday, April 29), pending the Panel’s determination.
BIV additionally stories that Damon Inc. is exploring the opportunity of buying and selling on the OTCQB market as a contingency plan ought to the Nasdaq ruling not be favorable… however based mostly on the model’s state, we’re not optimistic on the resurgence of this model.
All the perfect to Damon and their present crew as they proceed to navigate what’s little question one of many hardest conditions wherein a producer can discover themselves.
For extra insights into how tariffs are impacting companies in Vancouver and past, remember to try BIV (Enterprise Intelligence for Vancouver):
New Stuff: Triumph Reveals Unique Trident Triple
Paying Homage to “Slippery Sam” with a Swanky Tribute Version Bike for Might
Triumph Bikes is dipping into its racing historical past with a neat Tribute Version bike that’s positive to stir the hearts of these of us who’re obsessive about Triumph (me) and the legendary Isle of Man TT (additionally me)!
Based on Triumph’s recent coverage and debut release, Triumph’s model new Trident Triple Tribute Version has been impressed by the long-lasting “Slippery Sam,” a Trident that gained the Isle of Man TT at least 5 occasions. For these of you questioning, the unique “Slippery Sam” was a meticulously ready, production-class racing machine with a 750cc three-cylinder coronary heart. The rules of the time meant groups like Slippery Sam’s Les Williams Racing crew needed to follow available manufacturing facility components; regardless of this limitation, the Trident beat the percentages to emerge as a logo of Triumph’s racing potential.
Right now, Triumph is greater than slightly excited to deliver all that juicy heritage to the trendy street with this new Trident Triple Tribute Version. Riders seeking to safe this bike for themselves may even safe a signature ’67’ race graphic, in addition to daring rubber wrapped round a rim painted in Diablo Crimson, the addition of a My Triumph Connectivity system, and the welcome set up of a Sapphire Black windscreen full with an identical Triple Tribute graphic element.
In fact, this bike could be remiss and not using a beefy suite of enhanced options. This features a new ‘Sport’ driving mode to affix the prevailing Highway and Rain modes, in addition to optimized cornering ABS and Traction Management. Triumph’s Tribute Version Trident additionally carries Triumph Shift Help and Cruise Management as customary. For floating duties, Triumph has chosen a high-spec Showa 41mm USD fork and a preload-adjustable monoshock. These Diablo Crimson rollers come shod with Michelin Highway 5 tires, too, whereas twin Nissin two-piston entrance calipers mated to 310mm discs ship clean, progressive stoppage.
The guts of this specific Trident is Triumph’s iconic 660cc triple engine, delivering a really good 79.8hp with 47.2lb-ft of torque throughout the rev vary leaving loads of play room.
We couldn’t NOT add right here that Triumph’s Tribute Version comes ready for top-tier protection within the type of really helpful 10,000-mile service intervals and a two-year limitless mileage guarantee; what you determine to do with that info is yours to do with as you want, and as at all times – keep protected on the twisties!
To be taught extra in regards to the Triumph Trident Triple Tribute Version and different thrilling fashions, remember to try Triumph’s official web site:
Electrical All the pieces: Honda Strikes Towards EV Bikes at ICE Costs
Electrical Bike Manufacturing Plant in India to Start in 2028
Large Crimson continues to be targeted on electrical transportation choices being the longer term; as such, new objectives have been shared of their current press launch, and with it comes the Holy Grail of EV market objectives: To deliver down the value of electrical bikes to a worth level corresponding to that of gasoline bikes.
Based on Honda’s release, our favourite multi-conglomerate producer is making important strides in its quest to make electrical bikes a viable choice for the plenty. Honda admits on this launch that one of many essential struggles with the transition to electrical bikes has been the Whole Value of Possession (TCO); in different phrases, electrical bikes present energy and accessibility, however your complete business exhibits they are usually too costly to be a rider’s simple first selection.
Honda, being Large Crimson and usually obsessive about electrifying every thing, has proven they acknowledge this latency within the EV market. As such, Honda’s bold aim is to deliver the three-year TCO of their electrical fashions in keeping with that of comparable gas-powered bikes – and sure, this implies the corporate has additionally factored in issues like operating prices, machine upkeep, and battery lifespan.
To realize this aggressive pricing aim, Honda is laying down – look forward to it – a multi-million greenback manufacturing plant in India. The plant is about to be erected by 2028 and can concentrate on producing a variety of EV fashions – presumably the two-wheeled form, given their power-point presentation focus – at charges folks will really feel they will truly afford.
Right here’s Honda’s order of assault, in line with their press launch:
- Set up a devoted manufacturing facility in India
- Safe and stabilize the battery provide
Briefly, Large Crimson goes to make use of the identical sort of battery or the identical type of motor in plenty of totally different bikes. By utilizing the identical components for a number of variants, Honda can:
- Make the manufacturing of their bikes quicker (It’s faster to construct bikes if among the components are at all times the identical)
- Make the manufacturing of issues simpler (The factories don’t must learn to construct one million totally different components)
- Make the manufacturing of issues cheaper (Shopping for plenty of the identical half makes every half value much less cash)
The concept is that India-manufactured bikes will value Honda much less to make the bikes; they will then promote their bikes for a lot much less cash in order that extra folks can strive residing the EV life.
Neat.
As an extra replace, we’re reminded that Honda has been working with a number of battery partnerships to construct top-tier batteries (in addition to a steady and dependable provide chain) completely suited to the bikes quickly to be in-built India. We’ll preserve you posted on the particulars as they arrive down that individual pipeline.
For extra particulars on Honda’s EV technique, remember to try the protection on the producer’s web site:
Quick Fillings: LiveWire is Engaged on a Third Bike
New “Doki” Mannequin to be Made in Collaboration with Kymco
Whereas I wouldn’t say that now is a good time to hurry for an electrical bike as a essential supply of long-distance commuting, LiveWire believes it has one thing extra for which suburbaners would possibly put some first rate cash down – and if the patent filed on April eleventh with the U.S. Patent and Trademark Workplace is right, that third machine will deliver an entire new ergonomic to LiveWire’s lineup.
Based on the incomparable Dennis Chung at Motorcycle.com, LiveWire has filed a trademark software for an electrical bike with the title “Doki.” We don’t know every thing about this machine simply but, however we DO know that that is the primary patent that LiveWire has submitted with a scooter within the itemizing. The patent lined a broad vary, together with “Motor scooters; Electrically powered motor scooters; Two-wheeled motorized automobiles; two-wheeled electrical motorized automobiles; Bikes; Electrical bikes; Structural components for the foregoing.”
Based mostly on the latter little bit of proof, Dennis speculates that this mannequin may be very possible a scooter, probably even the maxi-scooter that LiveWire is making in collaboration with Taiwanese powerhouse Kymco. Ought to Dennis be right on most fronts, we are going to possible see this new LiveWire scooter hit markets subsequent yr, in 2026, with an anticipated arrival within the first half of 2026.
For the complete story and extra particulars on LiveWire’s upcoming “Doki” maxi-scooter, remember to try Dennis Chun’s report on Motorcycle.com:
Techy Bits: Cardo Publishes New Shoei Adapter
A “Shoei-In” for Cardo PACKTALK PRO, EDGE, and NEO!
We at all times love a little bit of tech with which to decorate the lids warming up for the summer season months – and, in wonderful kind, Cardo has outdone themselves once more by remaining on the slicing fringe of the bike tech market and publishing a brand new adapter.
Based on Cardo’s own press release, this new Shoei adapter is designed particularly for Shoei’s newest technology of helmets: The Gen 3 lineup, together with the Neotec 3, GT-Air 3, and J-Cruise 3 – lastly a plug-and-play resolution for up to date Shoei followers!.
We’re instructed that this new adapter is designed to work with Cardo’s complete second-generation PACKTALK lineup. This contains:
- PACKTALK PRO
- PACKTALK EDGE
- PACKTALK NEO
As for the set up course of, we went over to Cardo’s YouTube web page for a tutorial, and the method seems to be tremendous easy:
- Take away a small cowl on the left facet of their Shoei Neotec 3, GT-Air 3, or J-Cruise 3 helmet.
- Insert the brand new adapter nose-first, making certain all of the tabs line up and lock securely into place.
- 3. Slide the Cardo cradle – which comes with the PACKTALK unit – onto the 2 prongs on the adapter till the entire thing locks in.
- Route the wires neatly by a retainer clip on the adapter, and the remainder of the PACKTALK set up proceeds as regular.
The tip end result, as promised, is a clear, safe setup with no scraggly bits hanging about. Thanks, Cardo! 🙂
These of you eager on capitalizing on this little adapter sooner quite than later will discover it obtainable on-line, proper now, for a really affordable $19.95.
To search out out extra in regards to the new Shoei adapter and Cardo’s vary of communication techniques, remember to go to the official Cardo Techniques web site:
*Media sourced from Damon Inc., Triumph Motorcycles, Honda, Vaielettrico and Cardo Techniques*
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