Piaggio, Ktm, Honda and Yamaha are drifting in the market of batteries for two wheels
Piaggio with Ktm, Honda Motor and Yamaha Motor forms a consortium – in the wake of what has been done in India – to develop interchangeable batteries for motorcycles and light electric vehicles. All the details.
Piaggio, an Italian manufacturer of two-wheeled vehicles, rears with Ktm, Honda Motor and Yamaha Motor. The four companies join forces in a consortium to develop interchangeable batteries for motorcycles and light electric vehicles. All the details.
WHAT PIAGGIO, KTM, HONDA AND YAMAHA WILL DO
Let's start with the facts. Piaggio has signed a letter of intent with Ktm, Honda Motor and Yamaha Motor “to create a consortium to develop interchangeable batteries for motorcycles and light electric vehicles”, stated in a note.
PUSH THE USE OF ELECTRIC VEHICLES
The four companies hope to promote the use of electric vehicles by having an interchangeable battery system and helping to make the life cycle management of used batteries in the transport industry more sustainable.
ACTIVITIES FROM MAY 2021
The consortium will start operations from May 2021, focusing on expanding the range offered, reducing charging times and vehicle and infrastructure costs.
The four founders "invite all stakeholders who are interested to join the project to expand the consortium's knowledge and skills", reads a note.
WHAT THE SUN 24 HOURS HAS WRITTEN ABOUT PIAGGIO
Together, Piaggio, Ktm, Honda and Yamaha represent 42.6% of the European market (2020 data), Il Sole 24 Ore stressed: "The emerging agreement can therefore aspire to have a significant impact on the development of electric mobility for two. wheels in the EU area, also considering the not secondary fact that in the intentions of the four founding members the Consortium is "open" and will have to expand to the presence of other players in the supply chain: manufacturers of motor vehicles, but also companies specialized in network infrastructures for electric mobility or those active in the sectors of energy production and distribution. In addition to a standardized battery, in fact, the nascent Consortium will also aim to promote the design and development of the infrastructure necessary to operate the model with interchangeable batteries ”.
PIAGGIO
Founded in 1882, Piaggio began the production of motorcycles in 1924 with the acquisition of the Pontedera plant. The company, today controlled by Immsi Spa, Diego Della Valle & C. Srl, Omniaholding and other shareholders, represents brands including Aprilia, Derbi, Gilera, Moto Guzzi, Piaggio, Scarabeo and Vespa.
In 2019, the company recorded revenues of 1,521.30 million euros and a net result of 46.7 million.
KTM AG
Founded by the partners Kronreif and Trunkenpolz, in Mattighofen (from the combination of partners and place it takes the initials of the name) back in 1953, KTM produces and develops off-road and road motorcycles suitable for racing. It is led by Stefan Pierer, the main shareholder.
In 2019, the company recorded a profit , after tax, of € 16,505,546.0, compared to € 28,912 in 2018, with profits of € 136,494,500.48 (€ 147,085 in 2018).
HONDA MOTOR
Japanese Honda Motos, which mainly produces cars and motorcycles, was founded on September 24, 1948, in Hamamatsu, Shizuoka Prefecture. Major shareholders include The Master Trust Bank of Japan, Japan Trustee Services Bank, Ssbtc client Omnibus Account, Moxley & Co. LLC, Meiji Yasuda Life Insurance Company, Tokio Marine & Nichido Fire Insurance Co, JP Morgan Chase Bank.
The company reported revenues of 14,931.0 billion yen in 2020, with an operating profit of 633.6 billion.
YAMAHA MOTOR
Established on 1 July 1955 as a spin-off from Yamaha Corporation, which was initially Nippon Gakki founded in 1897, Yamaha Motor produces motorized vehicles, motor vehicles and marine engines. It is controlled by Yamaha Corporation, The Master Trust Bank of Japan, Japan Trustee Services Bank, Ssbtc client Omnibus Account, Toyota Motor Corporation, Mizuho Bank, SMBC Nikko Securities Inc, Mitsui & Co, The Shizuoka Bank.
In 2019, Yamaha recorded revenues of Yen 1,664.8 million, with an operating profit of Yen 115.4 million.
EUROPE IN THE TRAIL OF INDIA
“The road is new for Europe, but not absolutely. In India, for example, it has already been beaten – wrote Il Sole 24 Ore – In 2019 Piaggio presented the electric Ape with battery swap technology in New Delhi: today an infrastructure for interchangeable batteries exists and is in common use. managed by third party companies. A network of service stations – easily identifiable through a simple app – where electric Ape drivers, but not only, can "refuel" by replacing the flat battery with a charged one. No waiting times for charging. A tried and tested model, which the new Consortium is inspired by with the aim of making it a reality in the Old Continent as well. A boost will also come from EU legislation, which requires a standardization process for batteries for electric vehicles to be implemented by the deadline of December 2022 ”.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/piaggio-ktm-honda-e-yamaha-sgommano-nel-mercato-delle-batterie-per-le-due-ruote/ on Tue, 02 Mar 2021 08:59:48 +0000.