Government Tax Credit Extension for 2-Wheel Electric Vehicles Promises Growth for Brammo and Jobs Locally

ASHLAND, OR – January 2, 2013 – (Motor Sports Newswire) – Brammo, Inc., a leading developer of electric vehicle technology and manufacturer of two-wheel electric vehicles, is delighted by the news from Washington D.C. that the federal tax credit for electric motorcycles and other two and three-wheeled vehicles has been extended through 2012 and 2013. With this extension, electric motorcycle enthusiasts will continue to receive personal tax incentives when purchasing the Enertia Plus, Empulse and Empulse R models.

The provision, passed late last night along with other fiscal reforms, extends the federal tax credit for two and three-wheeled electric plug-in vehicles for two years. This tax credit can cover up to 10% of the vehicle’s cost or a maximum of $2,500.

Brammo sends particular thanks to U.S. Rep. Greg Walden (R-Ore.) whom offered the amendment, and Sen. Ron Wyden (D-Ore.) who strongly supported the tax credit despite the difficult environment in the House. Additional support from U.S. Sen. Jeff Merkley (D-Ore.) not only for electric vehicles, but for sustainability and clean energy initiatives overall, will continue to help drive Oregon as a leader of green and clean legislation.

“This bi-partisan work and cooperation results in jobs and support for companies like Brammo,” said Craig Bramscher , CEO of Brammo. “We are excited for what this means for electric vehicles and the electric motorcycle industry, which will make these ‘vehicles of the future’ more accessible to all consumers.”

To learn more about Brammo and electric motorcycles, go to www.brammo.com.

About Brammo

Brammo, Inc., is a leading electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the Encite™, Enertia™, Empulse™ and Engage™ motorcycles. Brammo is the current TTXGP eGrandPrix champion of North America. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain™ systems including the Brammo Power™ battery pack and Brammo Power™ vehicle management system. Brammo has vehicle distribution and marketing operations in North America, Europe and Asia. To learn more, visit www.Brammo.com.

SOURCE Brammo, Inc.

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Electric Motorcycles in Search of a Market

JUST when we’ve accepted that we won’t be blasting to Starbucks on jetpacks any time soon, another icon of techno-fantasy has raised its emission-free, pennies-per-mile head: electric motorcycles.

Despite a barrage of ambitious prototypes, like the metal-and-glass-enclosed Lit Motors C-1, promoted in YouTube test-ride videos and breathless news releases, electric motorcycles seem to be around the corner but out of reach.

If blog buzz and “Buy Now” Web site buttons translated into units sold, we’d be talking about a major growth industry here. But even with ice caps melting and gasoline around $4 a gallon, the number of electric motorcycles sold is barely detectable.

The appeal of an electric motorcycle is obvious. It would deliver its power silently and instantly, without the need for oil, fire, smoke, noise, clutch or gearbox. Each fill-up would cost just a dollar. It might even talk to your iPhone, though it’s hard to imagine what kind of a useful conversation the two might have. An electric bike might someday be the next big thing, in a “what would Steve Jobs have ridden” sort of way.

But, as many would-be electric motorcycle makers have discovered, making a salable and profitable electric bike is much harder than it looks.

Honda sells a sleek, quiet, gas-powered streetbike called the CBR250R. It’s an electric bike maker’s nightmare, because for $4,509, it gets 77 miles per gallon, equals available electric motorcycles in performance, has at least double the range and can be “recharged” at any gas station in about a minute.

Zero Motorcycles, based in Santa Cruz, Calif., says it’s the only company actually selling electric motorcycles in the United States, and none of its competitors seem to want to argue.

Its 2013 Zero S ZF11.4, expected to be available in January, roughly compares to the Honda CBR250R in looks, size, weight and performance. The company claims it has a range of 137 miles in slow, stop-and-go city traffic and 70 miles at 70 m.p.h. It costs $15,995 and shipping.

No electric motorcycle companies reveal their United States sales figures. For most of them, that number would be close to zero. In fact, it’s highly unlikely that more than 1,000 electric bikes total were sold last year. By comparison, the Motorcycle Industry Council reported that in 2011, 440,899 gasoline-powered bikes were sold in the United States.

If electric bikes can’t compete on performance or price, they’ll have to win on emotion. If customers don’t need them, they are going to have to want them.

Since 1984, Harley-Davidson has sold hundreds of thousands of essentially obsolete motorcycles a year, at a premium price to faster, smoother Japanese machines. For a lot of that time, the company has been worth more than General Motors. That’s because Harley isn’t really selling motorcycles. It is selling a lifestyle and a mythical image: that of a rough, tough American individualist.

Until an electric bike maker captivates many thousands of people — picture the lines at Apple stores — they are doomed to compete on the cruel battleground of performance and price.

The dominant demographic in the motorcycle market has long been baby boomers, who are careening past middle age. If companies want to sell expensive bikes, they’ll have to sell a lot of them to men over 40, with enough disposable income to justify buying what looks, to many, like a two-wheeled toy.

Middle-aged motorcyclists have jobs, families and limited free time. They use their bikes mostly on the weekends and for recreation, not transportation. They want to ride fast, at least at highway speed, for more than an hour, and get back home without burning five hours of their Sunday at a charging station.

Electric motorcycle makers like to talk about a rider’s daily commuting distance and show how their bike’s limited range is just right. The problem is that most real motorcyclists don’t commute on their bikes. They commute in air-conditioned cars that keep their hair in place, their smartphones in hand and their clothes insect-free.

Remember the Segway? Its inventor, Dean Kamen, said it would “be to the car what the car was to the horse and buggy.” Investors put in more than $100 million. Then people realized that $5,000 was a lot to pay for a crash-prone scooter that was slower than a $100 bicycle.

But what really doomed the Segway was that the people who could afford to buy them didn’t want to be seen on them.

Do electric motorcycles have a present? No, though it’s fun to test ride them and watch start-up after start-up jostle for position on YouTube, Facebook and Twitter.

Do they have a future? Maybe. But it will take lots of money, perhaps decades of development, and smart, expensive branding and marketing — think Apple meets Harley — before it happens.

By DEXTER FORD

SOURCE: The New York Times Company

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Zero Motorcycles Delivers 2013 Model Line With Double the Horsepower, Over 130 Miles Range and a CHAdeMO Accessory to Recharge to 95 Percent in One Hour

Most Advanced Electric Motorcycle Lineup Yet – Arriving in Dealerships January 2013

SANTA CRUZ, CA – October 1, 2012 – (Motor Sports Newswire) –  Zero Motorcycles, the global leader in the electric motorcycle industry, today announced its 2013 model line which features an average power increase of 99 percent and the world’s longest-range production electric motorcycle: the Zero S, capable of 137 miles in the city. To attain such leaps in performance, Zero designed a revolutionary new Z-Force™ motor that is incredibly powerful while also highly efficient, passively air-cooled and compact. Integrated into every 2013 motorcycle, the motor operates using a new higher voltage Z-Force power pack. Providing riders the option to charge faster than ever, each Zero can now be charged to 95 percent in an hour or less using CHAdeMO charge stations by way of an optional accessory. Perhaps most exciting, Zero plans to begin initial deliveries of its complete 2013 model line to North America in January 2013.

Nearly every element of each motorcycle has been refined to embody the sophisticated technology and elemental simplicity of riding a Zero. From highly innovative mobile phone integration to eye-catching styling, the 2013 lineup is impressive at every level. Using Bluetooth, riders can now sync their iPhone or Android mobile phones to see detailed motorcycle information and even adjust the performance characteristics of the motorcycle. Riders will appreciate the sleek new bodywork on the Zero S and Zero DS, which includes neatly integrated storage in the “tank” area and flows elegantly into a comfortable two-tier seat. To accommodate the new look and advanced powertrain, Zero redesigned the frames for every model with an emphasis on improving rider ergonomics and expanding compatibility with aftermarket accessories.

“With up to 137 miles range in the city, a top speed of 95 mph and a CHAdeMO accessory that allows recharging in around an hour, the 2013 model line is truly exceptional,” said Richard Walker, CEO of Zero Motorcycles. “This year’s lineup offers breathtaking acceleration, new eye-catching designs and the innovative ability to customize the riding experience to each individual’s preferences via a mobile application. We invite consumers to discover the experience of riding a 2013 model by contacting an authorized dealer to sign up for a test ride or to place an order. The new lineup arrives in January.”

Among the many highlights of the 2013 lineup, Zero Motorcycles introduced the Zero FX as the ultimate “do anything” and “ride anywhere” urban rebel motorcycle. It is the fastest accelerating motorcycle in the company’s lineup with 70 ft-lbs of torque, 44 hp and a low weight of only 275 lbs. The Zero FX, as well as the Zero XU and Zero MX, now features the world’s first truly modular quick-swap power pack technology. Riders can now use one or two battery modules and can upgrade any of the previously mentioned models from 2.8 kWh to 5.7 kWh in seconds. With increased range, vastly improved handling and impressive power, the now full-sized Zero MX is capable of comfortably launching off significantly larger jumps at the motocross track.

Continuing a design philosophy of “sophisticated simplicity” for 2013, Zero Motorcycles focused on maximizing the exhilaration of riding and minimizing needless complexity. The new Z-Force motor and overall powertrain is completely air-cooled on account of its highly efficient and innovative design. With instant torque, a nearly silent belt-driven system and no shifting, riders need only focus on enjoying the ride. For the owner, there is no routine powertrain maintenance and the “fuel” cost is only a penny a mile. Whether a longtime rider or someone who is just getting into motorcycles, the Zero Motorcycles 2013 lineup offers consumers exciting new reasons to go for a ride.

Pricing information: Each Zero Motorcycles model is 100 percent electric and, as a result, may qualify to receive government rebates or credits. Zero sells its motorcycles through authorized dealerships. Each street-legal motorcycle comes with a two year limited warranty, while the Zero MX comes with a one year limited warranty. Initial deliveries will commence in January 2013 for North America and in February 2013 for Europe. Authorized dealers will begin accepting orders on Oct. 2, 2012, from consumers who would like to secure a 2013 model. The pricing for each model is below.

Zero S

• MSRP: (ZF8.5) $13,995* | €13,995** | £11,695**
• MSRP: (ZF11.4) $15,995* | €15,995** | £13,495**

Zero DS

• MSRP: (ZF8.5) $13,995* | €13,995** | £11,695**
• MSRP: (ZF11.4) $15,995* | €15,995** | £13,495**

Zero FX

• MSRP: (ZF2.8) $9,495* | €9,495** | £7,995**
• MSRP: (ZF5.7) $11,990* | €11,995** | £9,995**

Zero XU

• MSRP: (ZF2.8) $7,995* | €7,995** | £6,995**
• MSRP: (ZF5.7) $10,490* | €10,495** | £8,995**

Zero MX

• MSRP: (ZF2.8) $9,495* | €9,495** | £7,995**
• MSRP: (ZF5.7) $11,990* | €11,995** | £9,995**

*MSRP in USD is identical to CAD. Does not include local shipping, applicable taxes, PDI or road registration fees.
**Includes Product, Shipping and VAT. Additional PDI, local shipping and road registration fees may apply.

More on CHAdeMO
The CHAdeMO fast charging standard is the most widely adopted DC Fast Charging standard and has over 1600 installed stations worldwide, with an additional 1000 in Europe expected before the end of 2013.  According to Nissan estimates, 2000 fast chargers will be installed in the United States by the end of 2014, with at least 400 in California alone, supported by government electric vehicle infrastructure spending. Based on Pikes Research estimates, 115,000 of these chargers will be installed by 2017.

About Zero Motorcycles
Zero Motorcycles is committed to transforming the motorcycling experience by bringing to market highly innovative electric motorcycles that offer exceptional value and performance. Zero is powered by innovation, driven by passion, guided by integrity and measured by results. Through extensive research, insight and experience, Zero combines the art and science of motorcycle development to create and manufacture products that excite consumers and inspire brand loyalty. Zero is determined to be the preeminent global electric motorcycle company.

Follow Zero Motorcycles on Twitter @ZeroMC, become a fan of Zero Motorcycles on Facebook and check out what Zero is doing on YouTube at www.youtube.com/zeromotorcycles.

Media information: Phone: (951) 719-1040 / Email: media@zeromotorcycles.com
General product or company information: www.zeromotorcycles.com

SOURCE: Zero Motorcycles

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Yamaha’s Joint Development of Electrically Power Assisted Bicycles with Giant Bicycles

Full-fledged start of OEM supply of drive units to Europe

August 29, 2012 – (Motor Sports Newswire) – Yamaha Motor Co., Ltd. (YMC) announces its basic agreement with Giant Electric Vehicle (Kunshan) Co., Ltd. (GEV), a group company for developing and manufacturing electric bicycles and electrically power assisted bicycles for Giant Manufacturing Co., Ltd., one of the world’s largest bicycle makers. The agreement is for OEM supply of Yamaha electrically power assisted bicycle drive units and for joint development of electrically power assisted bicycles. Start of full-fledged OEM supply of drive units to Europe is scheduled to begin in September of this year.

The intent of the agreement is to establish a long-term cooperative relationship between the two companies based on the corresponding marketing strategies of YMC, with its specialization in centrally mounted drive units and intent to expand its market in Europe, and Giant, with its desire to expand its business in the German market where this type of drive unit is predominant.

The contract for joint development between YMC and GEV was signed in October 2011, and primarily involves GEV developing frames, batteries, switch meters, covers, etc. for electrically power assisted bicycles while YMC is in charge of drive unit development.

Since last year’s signing of the joint development contract, product development work has been proceeding and Giant plans to present a Giant brand electrically power assisted bicycle mounting a Yamaha drive unit at EUROBIKE, one of the world’s largest scale bicycle trade fairs scheduled to open on August 29 in Germany.

In recent years, electrically power assisted bicycles have become collectively known as “e-bikes” in Europe and demand for these bicycles reached approximately 700,000 units in 2011 (YMC estimate), making Europe one of the largest markets in the world. Germany and the Netherlands are the two main markets for e-bikes, accounting for over half of total European demand.

As part of the company’s growth strategy, YMC is currently pursuing the expansion of domestic sales of CBU electrically power assisted bicycles in Japan and supplying drive units on an OEM basis. Additional efforts include strengthening and expanding tie-ups with bicycle makers and engaging in OEM supply of drive units to Europe. YMC aims to achieve a scale of 100,000 units in total OEM supply to Europe in 2015.

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Zero Recalls 450 Electric Motorcycles

 

July 6, 2012 – (Motor Sports Newswire) -

 

Vehicle Make / Model: Model Year(s):      ZERO / ZERO DS 2011-2012      ZERO / ZERO MXD 2011      ZERO / ZERO S 2011-2012      ZERO / ZERO X 2012      ZERO / ZERO XD 2011      ZERO / ZERO XU 2011-2012 Manufacturer: ZERO MOTORCYCLES INC. Mfr’s Report Date: JUN 29, 2012 NHTSA CAMPAIGN ID Number: 12V307000 NHTSA Action Number: N/A

Component: EXTERIOR LIGHTING:BRAKE LIGHTS:SWITCH

Potential Number of Units Affected: 450

Summary: ZERO MOTORCYCLES, INC. (ZERO) IS RECALLING CERTAIN MODEL YEAR 2011 AND 2012 S, XU, AND DS MOTORCYCLES, MODEL YEAR 2011 MXD, AND XD MOTORCYCLES AND 2012 X MOTORCYCLES. THE BRAKE LIGHT SWITCH AT THE FRONT BRAKE LEVER MAY NOT ACTIVATE UNTIL SIGNIFICANT BRAKE LEVER TRAVEL OCCURS.

Consequence: THE BRAKE LIGHT MAY NOT ACTIVATE WHEN A MODERATE AMOUNT OF FRONT BRAKE IS APPLIED. AS SUCH, MOTORISTS TRAVELING BEHIND THE MOTORCYCLE MAY NOT BE ALERTED WHEN AN AFFECTED MOTORCYCLE IS SLOWING DOWN, WHICH COULD LEAD TO A POSSIBLE CRASH AND POTENTIAL INJURY OR DEATH TO THE RIDER.

Remedy: ZERO WILL NOTIFY OWNERS, AND DEALERS WILL INSPECT AND, IF NECESSARY, REPLACE THE FRONT BRAKE SYSTEM BRAKE-LIGHT SWITCH FREE OF CHARGE. THE SAFETY RECALL IS EXPECTED TO BEGIN ON, OR ABOUT, JULY 16, 2012. OWNERS MAY CONTACT ZERO MOTORCYCLES AT 1-831-438-3500.

Notes: CUSTOMERS MAY CONTACT THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION’S VEHICLE SAFETY HOTLINE AT 1-888-327-4236 (TTY: 1-800-424-9153); OR GO TO HTTP://WWW.SAFERCAR.GOV.

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Brammo Reveals New Details for Empulse and Empulse R Electric Sport Bikes

ASHLAND, OR – April 18, 2012 – (Motor Sports Newswire) – Brammo, Inc., the designer and manufacturer of world leading electric motorcycles today announced details of its much anticipated Empulse and Empulse R electric sport bikes.

Both models utilize the world’s first drivetrain that has been designed and built for a production electric motorcycle. It features a water-cooled permanent magnet AC motor, IET 6 speed gearbox and Brammo’s unique BPM 15/90 battery modules. This drivetrain package endows the Empulse and Empulse R with rapid off-the-line acceleration, sustained high speed and industry-leading range.

Unique for a production electric motorcycle, both Empulse models also have J1772 Level II on-board charging system, allowing riders to easily take advantage of the growing number of charging stations being installed in cities around the world. The Empulse and Empulse R can be totally recharged in just 3.5 hours and every 10 minutes of casual charging adds 5 miles of range. With a little planning, a day’s journey of 200 miles or more can now be achieved.

Craig Bramscher, Founder and CEO of Brammo, stated, “The Empulse and Empulse R are a milestone for Brammo and the new electric benchmark for the motorcycling industry. I know when I reveal the bikes on May 8th people are going to be blown away by the integrity of the design and the focused presence this motorcycle commands.” Bramscher continues, “When we first revealed the Empulse prototype, our customers had some very clear feedback for us and that feedback has inspired much of what you will see in the production version.”

Brammo will be revealing the Empulse and Empulse R in Los Angeles on May 8th, 2012. The launch event will be webcast live to all pre-order customers. Those viewers will not only get to see the new bikes, they will get to hear what it’s like to ride one, straight from the mouths of Brammo’s development riders, two of which happen to be well-known motorcycle racers. Electric motorcycle racing is an integral part of Brammo’s mission, and its experience and championship record on the track has played a critical role in the evolution of the Empulse from concept to production. Professional racers have had a hand in the development process and they will be sharing their riding experiences and impressions at the reveal on May 8th.

A video interview with Brammo CEO Craig Bramscher will be released on Thursday, April 19th 2012 – http://www.brammo.com/video-ceo

About Brammo

Brammo, Inc., is a leading electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the Encite, Enertia, Empulse and Engage motorcycles. Brammo is the current TTXGP eGrandPrix  champion of North America. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain systems including the Brammo Power battery pack and Brammo Power vehicle management system. Brammo has vehicle distribution and marketing operations in North America, Europe and Asia. To learn more, visit www.Brammo.com  

The following are trademarks of Brammo, Inc. in the United States or other countries or both; Brammo®, Enertia®, Empulse®, Empulse R®, Engage®, Encite®, Brammo Digital Drivetrain®, Brammo Power®, the Brammo logo and bulls head graphical device.

2012 Brammo Empulse R Specifications
Drivetrain
Motor Type	Permanent Magnet AC (PMAC) – Water Cooled
Motor Controller	Sevcon Gen 4
Peak Motor Power	40kW,  @  8,200 rpm (54 hp)
Peak Torque	63Nm  (46.5 foot pounds)
Final Drive	Direct Chain Drive (14/48) 520 O-ring chain
Transmission	IET 6 speed gearbox with multi-plate, hydraulic activated wet clutch
Emissions	None
Battery
Battery Type	Brammo Power™ BPM15/90 Lithium-Ion ( NCM Chemistry)
Battery Pack Capacity	9.31 kWh (nominal), 10.2 kWh (max)
Battery Pack Voltage	103.6 V (nominal)
Recharge J1772	Level I maximum charging time:   8 Hours. (0 – 99% SOC, no cell imbalances)
Level I and II	Level II maximum charging time:  3.5 Hours.  (0 – 99% SOC, no cell imbalances)
110V AC to J1772 Level 1 Adapter included	Every 10 minutes of Level II charging adds up to 5 miles of range
Battery Cycle Life	1,500 cycles to 80% capacity (100% DOD)
Performance
Max Speed	100 + mph   (160 + km/h)
Driving Range	City: 121 miles*   (195 km)
	Highway: 56 miles**    (90 km)
	Combined: 77 miles***  (124 km)
	*SAE City Riding Range Test Procedure for Electric Motorcycles (variable speed, 19 mph / 30km/h average)
	**SAE Highway / Constant Speed Riding Range Test Procedure for Electric Motorcycles (70 mph / 113 km/h  sustained)
	*** SAE Highway Commuting Cycle (.5 City weighting, .5 Highway weighting)
Operating Modes	2 Operating Modes selectable through the handlebar switch:
	1. “Normal” – limits acceleration by reducing maximum current delivered to the motor through the motor controller in order to maximize driving range.
	2. “Sport” – provides maximum performance in both acceleration and top speed.
Regenerative Braking	Under deceleration, energy is returned to the battery system to both extend driving range and provide familiar rider feedback.
Operating Cost	Assuming 13 cents /kWh for electricity:
	1 cent per mile around town
	2 cents per mile on the highway
	Approximately 400 miles for every $4.00 of electricity (city)
Data Collection	Brammo DDC™ (Dynamic Data Collection) records key motorcycle parameters at 1Hz (1 sample/second) for analysis and service support.
Chassis
Frame	Brammo E-Beam™ Aluminum, Fabricated by Accossato in Italy
Suspension / Front	Fully Adjustable 43mm Marzocchi Forks
Suspension / Rear	Fully Adjustable Sachs Shock
Triple Clamps	Forged Aluminum
Swing Arm	Tubular Steel, Fabricated by Accossato in Italy
Sub Frame	Tubular Steel, Fabricated by Accossato in Italy
Brakes / Front	Dual 310mm Brembo floating disk with twin four piston Hydraulic Brembo Brake Calipers, Radial Mount.
Brakes / Rear	Brembo single disk with dual piston Hydraulic Brembo Brake Caliper
Wheels- Front / Rear	17″x 3.5″ Marchesini / 17″ x 5.5″ Marchesini
Tires- Front / Rear	120/70-17 AVON AV79 / 180/55-17 AVON AV80
Instrumentation	LCD display; speed, tach, odometer, gear position, energy consumption, battery status, estimated range and system status
Dimensions
Wheelbase	58.0″    147.32 cm
Seat Height	31.5″     80.0 cm
Width	31.8″ (bar end-to-bar end)     80.77 cm
Height	42.6″ (highest portion of the dash)    108.2 cm
Length	81.3″   206.5 cm
Ground Clearance	7.3″     18.54 cm
Rake / Trail	24 degrees / 3.8″
Storage Capacity	Optional Brammo hard saddle bags and top trunk.
Fuel Economy	485 mpg-e      206 km/L-e
Vehicle Weight	440lbs. / 200kg
Carrying Capacity	Cargo Capacity   365 lbs. / 165.6 kg
	(805 lbs. / 365.1 kg total combined motorcycle, rider, passenger and cargo)
Warranty
	2 Years (Limited Factory Warranty) 1 year Fender-to-Fender Limited Warranty, 2 year Limited  Powertrain Warranty (Batteries and Motor)
Colors	True Blood Red, Eclipsed Black, White Noise
All specifications subject to change without notice.

 

SOURCE: Brammo, Inc.

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Honda: Blue Skies for Our Children Animation

TOKYO, JAPAN – January 10, 2012 – (Motor Sports Newswire) – “Blue Skies for Our Children” is an authentic expression of Honda’s commitment to pursue the joy of mobility and a sustainable society where people can enjoy life. Blue Skies for Our Children was first used as a rallying cry by Honda engineers in the early 1970s after company founder Soichiro Honda challenged them with creating a cleaner-burning engine to address air pollution.

 

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Zero Motorcycles Delivers 2012 Model Line With Over 100 Miles Range, More Power and New “Life of Motorcycle” Power Pack

- Game-Changing New Motorcycles to Begin Shipping in February 2012 -

SANTA CRUZ, CA – November 8, 2011 – (Motor Sports Newswire) – Zero Motorcycles today announced its 2012 model line that includes a revolutionary new powertrain, models capable of exceeding 100 miles range, a power pack designed to last the life of the motorcycle and top speeds of up to 88 mph. Stealthy looking and contemporary, every model has been transformed to be faster, go further and, in the spirit of all two wheeled enthusiasts, to be more fun than ever before. Innovating at an exceptional pace, Zero Motorcycles plans to begin delivery of its complete 2012 model line in February 2012. This will mark the first time in transportation history that a mass production electric motorcycle capable of exceeding 100 miles range will be available for consumers to own.

Zero’s new Z-Force™ power pack uses a completely new battery cell chemistry and configuration that is up to 95% more energy dense and is rated to 3,000 complete charge cycles before hitting 80% capacity. This means that a Zero S could travel as much as 308,000 miles on its original power pack. All Zero’s on and off-road motorcycles leverage the new technology meaning that the power pack is designed to exceed the longevity expected of any conventional motorcycle. The result is a complete electric motorcycle line that offers owners exhilarating rides while saving on gas and virtually all routine powertrain maintenance.

“The 2012 model line is truly game changing. It marks the first time in history that riders can actually own an electric motorcycle that is capable of exceeding 100 miles of range on a single charge,” said Scot Harden, VP of Global Marketing of Zero Motorcycles. “Every model in the lineup goes faster, further and is more fun than ever before. These are not concepts. In less than three months, riders can see and purchase 2012 models at authorized Zero Motorcycles dealers.”

The Zero S, a street fighter, and Zero DS, a dual sport, are both available in a 6 or 9 kWh configuration. As measured by the EPA UDDS, the Zero S is capable of respectively achieving 76 or 114 miles. Both motorcycles offer a higher top speed, with the Zero DS hitting 80 mph and the Zero S topping out at 88 mph. Perhaps more importantly, both motorcycles offer a broad torque band and stealthy acceleration from 0 rpm that makes them incredibly fun to ride. In addition, all the street models, including the Zero XU, feature new brushless motors and regenerative braking that allow riders to recoup energy during deceleration. The Zero XU, a motorcycle designed for inner city riding, now uses the same maintenance-free belt drive system as the Zero S and Zero DS. Brushless air-cooled motors, life of motorcycle power packs and belt drive systems make Zero’s lineup of street models just about the world’s easiest to own form of transportation.

If you are interested in opening up new off-road riding possibilities with a nearly silent dirt bike, Zero has two models that are better looking and faster than ever before to meet your needs. For 2012, Zero streamlined its off-road model line. The Zero X, designed for trail riding, is now exclusively available with lights and is street-legal. With 33% more overall power and 75% greater range, it now uses the same championship winning powertrain as the Zero MX. Built for motocross riding and now exclusively available for off-road only, the Zero MX also received more power and offers riders the ability to accelerate harder and hit higher top speeds. Both off-road models have a bold new design that speaks to their more aggressive and longer lasting powertrain.

Pricing information:

Each Zero Motorcycles model is 100% electric and, as a result, is sometimes applicable to receive government rebates or credits. Zero sells its motorcycles through dealerships and, in states or countries without dealerships, sells motorcycles through its website. Each motorcycle comes with a two year limited warranty and will begin shipping in February. Zero and its dealers will accept pre-orders from customers who would like to secure a new 2012 electric motorcycle. The complete pricing for each model is below.

Zero S

• MSRP: (ZF6) $11,495* | euro 11,495**
• MSRP: (ZF9) $13,995* | euro 13,995**

Zero DS

• MSRP: (ZF6) $11,495* | euro 11,495**
• MSRP: (ZF9) $13,995* | euro 13,995**

Zero XU

• MSRP: $7,695* | euro 7,695**

Zero X

• MSRP: $9,945* | euro 9,945**

Zero MX

• MSRP: $9,495* | euro 9,495**

*Does not include local shipping, applicable taxes, PDI, or road registration fees.

**Includes Product, Shipping, and VAT. Does not include PDI or road registration fees.

About Zero Motorcycles

Zero Motorcycles is committed to transforming the motorcycling experience by bringing to market highly innovative electric motorcycles that offer exceptional value and performance. Zero is powered by innovation, driven by passion, guided by integrity, and measured by results. Through extensive research, insight and experience, Zero combines the art and science of motorcycle development to create and manufacture products that excite consumers and inspire brand loyalty. Zero is determined to be the pre-eminent global electric motorcycle company.

Media information:
Phone: (951) 719-1040
Email: media@zeromotorcycles.com.

Videos, photos and more press related info:
http://www.zeromotorcycles.com/press

For general product or company information:
http://www.zeromotorcycles.com

SOURCE: Zero Motorcycles

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Kandi Technologies Reports Second Quarter 2011 Financial Results

Company Continues to Focus on Building a Solid Foundation for EV Sales in China

JINHUA, CHINA – August 15, 2011 – (Motor Sports Newswire) – Kandi Technologies, Corp. (NASDAQ: KNDI), a leading Chinese supplier of off-road vehicles and developer of pure electric vehicles (EV), today reported improved financial results for the second quarter and six months ended June 30, 2011, highlighted by double-digit growth in operating income and adjusted net income (described below) on modest revenue growth.

Second quarter 2011 financial highlights:

• Revenues increased 2.3%, to $10.1 million, from $9.9 million a year earlier, reflecting continued strong growth in go-kart sales. Sequentially, sales were up 22% compared to the first quarter of 2011
• Operating income increased to $0.8 million, up 18.4% from $0.7 million in the second quarter of 2010
• Net income more than tripled to $3.6 million, or $0.13 per diluted share, compared to net income of $1.2 million, or $0.05 per diluted share in the same period last year. The non-GAAP adjusted net income (described below) grew by 24.6% as compared to the second quarter of 2010
• Working capital surplus of $23.0 million at quarter-end, improved from working capital surplus of $18.5 million at the end of 2010
• Cash, cash equivalents and restricted cash totaled $36.1 million at quarter-end, which equates to $1.26 per fully diluted share, a 43.7% increase from $25.2 million at the end of 2010

“While our primary focus in the second quarter continued to be building a strong base for future EV sales in China, we benefitted from strong sales in our legacy go-kart business, as well as stronger ATV sales through the first six months,” said Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies. “Net income and sales in the period advanced strongly on a sequential basis and, in the case of net income, on a year-over-year basis as well. While unit volume remained low, we also realized higher per unit revenue in our super mini-car business. Our successful financing last year greatly strengthened our balance sheet and cash position, which will permit us to grow our EV business in China as the pace of infrastructure development advances. Over the past few months, we have greatly solidified our positions in Jinhua and Hangzhou, where we made significant progress in strengthening our relationship with State Grid to create the infrastructure needed to foster widespread adoption and use of EVs in China. We continue to believe the anticipated success in these cities will serve as models for many other cities and regions in China. We are committed to our technology and continue to invest in developing the products that will provide efficient, low-cost new energy transportation to the growing Chinese market.”

To support its ongoing development efforts, Kandi continued to invest in research and development to improve existing products and foster new products. During the quarter, the Company invested $0.6 million in research and development, an increase of 43.5% from the second quarter of 2010. Over the first six months, research and development increased 46.1%, to nearly $1.1 million when compared to the comparable period of 2010.

“With respect to EV sales globally, we are taking a long-term view of our markets, establishing the infrastructure needed to meet current and future demand,” said Mr. Hu. “With this in mind, we have invested in our production facilities to increase overall capacity”

Second Quarter 2011 Results

The modest increase in second-quarter revenues reflected significant increases in sales of go-karts, which nearly doubled to $6.2 million. The second quarter gross profit was $2.3 million in 2011, as compared to $2.4 million in the second quarter of 2010, while gross margin decreased to 23.1%, from 23.7% in the prior year, primarily as a result of a shift in product mix during the quarter. The Company’s operating income was $0.8 million in 2011, compared to $0.7 million in the second quarter of 2010. Year-to-date operating income more than doubled to $1.7 million from $0.7 million in the prior year first half.

The Company’s net income totaled $3.6 million for the quarter, or $0.13 per fully diluted share, as compared with net income of $1.2 million, or $0.05 per fully diluted share, for the same period of 2010. Without the convertible notes, warrant and option-related charges, non-GAAP adjusted net income increased 24.6% to $1.3 million, compared to $1.1 million in the same period of 2010. In the first six months of 2011, reported net income including changes in fair value was $9.6 million or $0.33 per diluted share. Excluding these items, non-GAAP adjusted net income was $2.0 million or $0.07 per share on 28.8 million fully diluted shares

Building the Foundation for EV Leadership

As previously reported, in the second quarter of 2011 the Company made significant additional progress in building the foundation for future EV sales. Of note, the Company:

• Received formal provincial government approval of RMB 15 million ($2.3 million U.S.) annual subsidy on the Company’s application for a new energy vehicle pilot program in Jinhua City. Together with the Jinhua city government subsidy, a total of RMB 30 million ($4.6 million U.S.) per year in government subsidies to residents is available for the purchase Kandi clean energy vehicles through 2012
• Hosted a visit from Mr. Liang Nie, general manager of Dayou Technology Development Company, the State Grid subsidiary responsible for the development and operation of battery charging and changing facilities in the city of Hangzhou
• Displayed a variety of EVs at the 13th Zhejiang Investment and Trade Fair and the 10th China International Consumer Goods Fair, which were held in Ningbo
• Signed a strategic cooperation agreement with State Grid affiliate Hangzhou Electric Vehicle Service Co., Ltd., for the launch of a 20,000 pure EV pilot program for Hangzhou residents through the end of 2012

In addition, the Company took steps to strengthen corporate governance and build shareholder value by:

• Improving the quality and independence of the Company’s Board of Directors and improving internal control with the naming of a new independent board member and engaging a “big four” professional firm
• Obtaining Board approval of a $5 million share repurchase program over the following 18 months

Stronger Second Half EV Sales

“Kandi continues its progress toward becoming a leader in the pure EV market in China,” said Mr. Hu. “Given our strategic relationships and investments, we believe Kandi is well positioned to anticipate growing demand for EVs. That said, we recognize that the organic development of markets for these emerging technologies will take time. As a result, we expect sales to grow modestly over the near term.”

About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its IR website is http://www.kanditechnology.com.

Information Regarding Forward-Looking Statements
The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

KANDI TECHNOLOGIES, CORP.
AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND
COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
		Three Months Ended								Six Months Ended
		June 30, 2011				June 30, 2010				June 30, 2011				June 30, 2010
REVENUES, NET		$	10,137,702			$	9,911,884			$	18,479,208			$	18,166,224
COST OF GOODS SOLD			(7,795,987	)			(7,559,235	)			(14,076,060	)			(13,963,654	)
GROSS PROFIT			2,341,715				2,352,649				4,403,148				4,202,570
Research and development			574,588				400,370				1,086,540				743,768
Selling and distribution expenses			92,679				89,685				149,615				942,013
General and administrative expenses			827,529				1,147,061				1,501,396				1,797,872
INCOME (LOSS) FROM OPERATIONS			846,919				715,533				1,665,597				718,917
Interest income (expense), net			275,466				(671,945	)			(21,804	)			(1,442,536	)
Change in fair value of financial instruments			2,367,594				1,213,169				7,752,772				1,775,809
Government grants			273,139				45,950				280,727				75,789
Investment (loss) income			(8,490	)			-				(7,267	)
Other income, net			53,526				10,801				167,232				57,859
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES			3,808,154				1,313,508				9,837,248				1,185,838
INCOME TAX (EXPENSE) BENEFIT			(186,811	)			(124,741	)			(277,505	)			(175,056	)
NET INCOME (LOSS)			3,621,343				1,188,767				9,559,743				1,010,782
ADJUSTED NET INCOME (NON-GAAP)			1,317,286				1,057,242				1,974,364				1,655,193
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC			27,440,878				20,866,109				27,431,851				20,424,671
WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED			28,578,592				24,677,264				28,786,145				22,004,992
NET INCOME (LOSS) PER SHARE, BASIC		$	0.13			$	0.06			$	0.35			$	0.05
NET INCOME (LOSS) PER SHARE, DILUTED		$	0.13			$	0.05			$	0.33			$	0.05
ADJUSTED NET INCOME PER SHARE, DILUTED		$	0.05			$	0.04			$	0.07			$	0.08

Contacts:
Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
(212) 551-3610
email: cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
(616) 233-0500
email: mhouston@lambert-edwards.com

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KTM E3W Plastic Three-Wheeler Concept Introduced

August 10, 2011 – (Motor Sports Newswire) – Strict two-seater was created KTM Powersports together with the Austrian Institute of Technology and was designed by studio Kish. It was shown recently by the Federal Ministry for Transport, Innovation and Technology, as well as Federal Minister Doris Bures.

KTM says E3W was designed to be environmentally friendly vehicles that is also elegant in a small city streets and areas of high congestion. E3W a futuristic concept that was designed to be practical, showing Lamborghini style scissor doors for easy access in tight parking lots.

It demonstrates the innovative features, such as plastic construction, which helped keep the overall weight E3W, to only 500 kg. Powered by 15 kW electric motor and lithium-ion battery, E3W has full charge of the range of about 100 km, before it’s time to recharge

Although KTM E3W just a concept at this stage, the Austrian company plans to forge an alliance to build more examples E3W, and hopes to put it on the market sometime in 2013.

Reports say KTM is planning to build up to 50 000 electric three-wheelers per year, with prices rumored to be about $ 7,000 – $ 11,000 mark.

Source: www.caradvice.com.au

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