(ELE) KYMCO TO SPIN OFF IONEX BRAND

KYMCO, the largest motorcycle and scooter manufacturer in Taiwan, says it is likely to spin-off its IONEX line of electric vehicles as a new public entity with an overseas IPO. The move would take a page out of Harley-Davidson’s book.

Back in the summer, Harley-Davidson announced that its single electric motorcycle, the Harley-Davidson LiveWire, would be spun off into its own startup known simply as LiveWire.

The bike itself became known as the LiveWire ONE, and now the new EV-only company has several more electric models in the works.

The new brand LiveWire recently announced that it would have its own IPO with the help of a major investment from KYMCO, joining parent company Harley-Davidson on the New York Stock Exchange.

KYMCO, also known as Kwang Yang, now seems interested in pulling a similar move of its own. electrek - link - Micah Toll - link - more like this - link