Right this moment, we cowl a extra common record 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 journey.”
- 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 worth of their electrical bikes on par with that of gasoline bikes, and to do this, they’re opening up a brand new plant in India within the subsequent three years.
- LiveWire is taking pictures for the proverbial stars with a brand new mannequin they’re calling the “Doki.”
- Cardo has been so type 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, lets?
Trade Insider: Tariffs and NASDAQ De-Itemizing Trigger Damon Bikes to Rethink US Entry
“… It’s Laborious to Regulate.”
We knew for a very long time, I feel, that our good EV business, whereas buzzing with innovation, isn’t resistant to the unpredictable winds of the Powersports economic system; actually, 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 pressure wind on the higher finish of the Beaufort scale.
Not time for the very best of our good producers… particularly if they’ve any type of dependency on the environment friendly and expeditious suppliers ever-present in China.
Suffice it to say that it will be secure to contemplate Damon… also referred to as Damon Inc… beforehand Damo Motors… previously-previously Damon Bikes… in that class.
How Tariffs are Affecting Damon Inc
Take this latest report from BIV (Enterprise Intelligence for Vancouver), for instance; on this report, Adam Campbell sheds mild on how ongoing auto tariffs are inflicting Damon to pressure a give attention to 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 of the US a key market as part of their progress technique, citing the discharge of their first machine to markets by the 12 months 2027. These desires had been joined by bold plans to provide 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 vehicle imports and elements, 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 gas to the fireplace, we additionally perceive Damon’s a possible delisting from NASDAQ, due to shareholder issues and an extra letter from the Nasdaq Itemizing {Qualifications} Division(by way of 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 latest securities issuance by the corporate – has triggered 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 data merely means Damon’s short-term belongings are considerably lower than their short-term liabilities, inflicting folks to doubt their monetary stability and inflicting NASDAQ to need 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 Could 20, 2025, the place they’ll 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 resolution.
BIV additionally reviews that Damon Inc. is exploring the potential for 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 aren’t optimistic on the resurgence of this model.
All the very best to Damon and their present crew as they proceed to navigate what’s little question one of many hardest conditions during which a producer can discover themselves.
For extra insights into how tariffs are impacting companies in Vancouver and past, be sure you 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 Could
Triumph Bikes is dipping into its racing historical past with a neat Tribute Version bike that’s certain 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 latest protection and debut launch, Triumph’s model new Trident Triple Tribute Version has been impressed by the long-lasting “Slippery Sam,” a Trident that received the Isle of Man TT a minimum of 5 instances. 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 group needed to stick with available manufacturing facility elements; regardless of this limitation, the Trident beat the chances to emerge as a logo of Triumph’s racing potential.
Right this moment, Triumph is greater than a little bit excited to carry all that juicy heritage to the fashionable 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 Pink, 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 with no beefy suite of enhanced options. This features a new ‘Sport’ driving mode to affix the present 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 commonplace. For floating duties, Triumph has chosen a high-spec Showa 41mm USD fork and a preload-adjustable monoshock. These Diablo Pink 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 center of this explicit 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 advisable 10,000-mile service intervals and a two-year limitless mileage guarantee; what you resolve to do with that data is yours to do with as you want, and as at all times – keep secure on the twisties!
To study extra concerning the Triumph Trident Triple Tribute Version and different thrilling fashions, be sure you try Triumph’s official web site:
Electrical All the things: Honda Strikes Towards EV Bikes at ICE Costs
Electrical Motorbike Manufacturing Plant in India to Start in 2028
Large Pink remains to be targeted on electrical transportation choices being the longer term; as such, new objectives have been shared of their latest press launch, and with it comes the Holy Grail of EV market objectives: To carry down the worth of electrical bikes to a worth level similar to that of gasoline bikes.
Based on Honda’s launch, our favourite multi-conglomerate producer is making important strides in its quest to make electrical bikes a viable choice for the lots. Honda admits on this launch that one of many most important struggles with the transition to electrical bikes has been the Complete Value of Possession (TCO); in different phrases, electrical bikes present energy and accessibility, however the whole business reveals they are usually too costly to be a rider’s simple first selection.
Honda, being Large Pink and usually obsessive about electrifying all the pieces, has proven they acknowledge this latency within the EV market. As such, Honda’s bold objective is to carry 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 working prices, machine upkeep, and battery lifespan.
To realize this aggressive pricing objective, Honda is laying down – anticipate it – a multi-million greenback manufacturing plant in India. The plant is ready to be erected by 2028 and can give attention to producing a variety of EV fashions – presumably the two-wheeled type, given their power-point presentation focus – at charges folks will really feel they’ll really 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
In brief, Large Pink goes to make use of the identical sort of battery or the identical form of motor in numerous totally different bikes. Through the use of the identical elements for a number of variants, Honda can:
- Make the manufacturing of their bikes quicker (It’s faster to construct bikes if among the elements are at all times the identical)
- Make the manufacturing of issues easier (The factories don’t have to learn to construct 1,000,000 totally different elements)
- Make the manufacturing of issues cheaper (Shopping for numerous the identical half makes every half value much less cash)
The thought is that India-manufactured bikes will value Honda much less to make the bikes; they’ll then promote their bikes for much much less cash in order that extra folks can attempt dwelling 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 inbuilt India. We’ll hold you posted on the particulars as they arrive down that specific pipeline.
For extra particulars on Honda’s EV technique, be sure you 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 superb time to hurry for an electrical bike as a most important 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 carry an entire new ergonomic to LiveWire’s lineup.
Based on the incomparable Dennis Chung at Motorbike.com, LiveWire has filed a trademark software for an electrical bike with the identify “Doki.” We don’t know all the pieces 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 coated a broad vary, together with “Motor scooters; Electrically powered motor scooters; Two-wheeled motorized automobiles; two-wheeled electrical motorized automobiles; Bikes; Electrical bikes; Structural elements for the foregoing.”
Primarily based 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’ll possible see this new LiveWire scooter hit markets subsequent 12 months, in 2026, with an anticipated arrival within the first half of 2026.
For the total story and extra particulars on LiveWire’s upcoming “Doki” maxi-scooter, be sure you try Dennis Chun’s report on Motorbike.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 personal press launch, this new Shoei adapter is designed particularly for Shoei’s newest era 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 consists of:
- 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 aspect of their Shoei Neotec 3, GT-Air 3, or J-Cruise 3 helmet.
- Insert the brand new adapter nose-first, guaranteeing 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 typical.
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 moderately than later will discover it obtainable on-line, proper now, for a really cheap $19.95.
To search out out extra concerning the new Shoei adapter and Cardo’s vary of communication methods, be sure you go to the official Cardo Programs web site:
