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Harley-Davidson, Inc. To Report Second Quarter 2025 Results on July 30, 2025
Prnewswire· 2025-07-10 12:48
Webcast Conference Call Scheduled for 8 a.m. CTMILWAUKEE, July 10, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) will release its second quarter 2025 financial results before market hours Wednesday, July 30, 2025. The public is invited to attend an audio webcast from 8-9 a.m. CT. Harley-Davidson, Inc. senior management will discuss financial results, developments in the business, and updates to the Company's outlook. A slide presentation supporting the discussion will be available prior to the audi ...
Niu Technologies Provides Second Quarter 2025 Sales Volume Update
Globenewswire· 2025-07-04 20:05
Core Viewpoint - Niu Technologies reported strong sales growth in the second quarter of 2025, with a total of 350,090 units sold, reflecting a significant increase compared to the previous year, driven by a focus on product development and market expansion [2][3]. Sales Performance - In the second quarter of 2025, NIU sold 350,090 units, a 36.7% increase from 256,162 units in the same period of 2024 [2]. - Sales in the China market reached 318,719 units, up from 207,552 units in 2Q 2024, while international sales were 31,371 units, down from 48,610 units [2]. - For the first half of 2025, total sales were 553,403 units, compared to 385,301 units in the first half of 2024, indicating a 43.7% year-over-year growth [2]. Product Strategy - The company focused on enhancing its key product lines, resulting in an optimized product mix that appeals to a broader consumer base [3]. - During the "618 Shopping Festival," NIU's high-end models achieved top rankings on major e-commerce platforms, reinforcing its position in China's premium market [3]. International Expansion - NIU launched a comprehensive portfolio of electric motorcycles, including off-road models, supported by an expanded distribution network, which has strengthened its global market position despite challenges in the micromobility sector [4]. Company Overview - NIU is recognized as a leading provider of smart urban mobility solutions, offering a diversified product portfolio that includes electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes [6]. - The company employs an omnichannel retail model, integrating both offline and online sales channels to enhance customer service [6].
Apollino Racing Team Rider Ken Ken Captures Historic 2025 AMA USSE Championship
Globenewswire· 2025-07-01 13:00
Core Insights - Neisen Zhang, a young Chinese rider, has won the 2025 AMA US Sprint Enduro championship, highlighting the increasing presence of Chinese youth in American motorsports and the effectiveness of Apollino's youth development programs [1][11] Company Overview - Apollino (Zhejiang Apollo Sports Technology Co., Ltd.) is committed to making off-road riding accessible to all ages and skill levels, offering electric motorcycles that provide a quiet and user-friendly riding experience [13][14] - The company operates in over 70 countries, focusing on youth development initiatives and comprehensive racing programs to support emerging athletes from grassroots to championship levels [14] Industry Context - The AMA US Sprint Enduro series serves as a premier talent development platform, emphasizing explosive sprint performance and providing a selection series for the official U.S. national team [3] - The 2025 season included 80 tests across multiple U.S. states, showcasing the competitive nature of the series despite weather-related cancellations [4][5] Performance Highlights - Neisen Zhang achieved six victories and one runner-up finish in the seven-round series, demonstrating remarkable consistency and skill across multiple racing disciplines [5][7] - His success in the series, along with 15 victories in 19 races across three major series, underscores the potential of young international competitors in motorsports [5][12] Support and Development - Apollino Racing's support, including access to top-tier equipment and technical assistance, has been crucial for Neisen Zhang's focus on competition and skill development [9][11] - The company's youth development programs start with entry-level training, including electric dirt bike programs for kids, aimed at introducing young riders to off-road racing fundamentals [12]
Synchrony and KTM North America Partner to Sponsor Babes in the Dirt 2025 Off-Road Adventure Series to Highlight Women Off-Roaders
Prnewswire· 2025-06-25 13:00
Core Insights - Synchrony has partnered with Babes in the Dirt as the official financing partner for the 2025 Off-Road Adventure Series, aiming to support women's participation in powersports [1][2][4] - Babes in the Dirt is the largest network for women off-roaders in the US, established to transform the powersports industry and promote inclusivity [3][9] - Women are the fastest-growing segment in the powersports market, highlighting a significant opportunity for growth and engagement [2][3] Company Overview - Synchrony is a leading consumer financial services company, providing access to credit and banking products for nearly 100 years, serving tens of millions of people [6] - KTM North America, a subsidiary of KTM AG, is recognized as Europe's leading high-performance motorcycle manufacturer, known for its competitive edge in the powersports industry [7][8] Event Sponsorship and Impact - Synchrony will facilitate financing for motorcycle sales, parts, garments, and accessories through Babes in the Dirt, addressing the needs of attendees who intend to purchase motorcycles [4] - In 2024, 23% of attendees at Babes in the Dirt events did not own a motorcycle but planned to buy one, indicating a strong demand for financing options [4] Mission and Goals - Babes in the Dirt aims to create a supportive environment for women in the powersports community, encouraging participation and adventure [5][9] - The collaboration with Synchrony and KTM is designed to enhance accessibility to motorcycles and related services for aspiring women riders [5][6]
槐荫惠民车展三年蝶变,500万汽车消费券限时领取
Qi Lu Wan Bao· 2025-06-11 06:21
Core Points - The "Third Hui Min Auto Show" in Huaiyin District is set to provide significant consumer benefits, including special purchase subsidies and discounts from car manufacturers [1][7] - The event aims to stimulate automotive consumption and promote the upgrade of the automotive industry in Shandong Province [7][8] Group 1: Event Overview - The "Third Hui Min Auto Show" will take place from June 1 to June 30, 2025, featuring over 50 car brands and hundreds of popular models [10] - The event will offer a total of 5 million yuan in subsidies to consumers through consumption vouchers, with individual vouchers ranging from 1,000 to 2,000 yuan based on the purchase price of the vehicle [7][8] - Consumers can combine local, provincial, and national subsidies, creating a cumulative effect that enhances the overall benefits [7][8] Group 2: Previous Events and Impact - The first Hui Min Auto Show attracted over 100,000 visitors and generated nearly 1 billion yuan in sales, showcasing its effectiveness in boosting local automotive consumption [3][5] - The second event saw an increase in subsidy funds to 10 million yuan, with a dynamic adjustment mechanism for consumption vouchers, leading to high consumer engagement [5][7] Group 3: Policy and Support - The event aligns with national policies aimed at promoting the replacement and upgrade of vehicles, with specific guidelines issued by the Shandong Provincial Government [1][2] - The local government is actively supporting the automotive industry by facilitating consumer incentives and enhancing the overall shopping experience [1][7]
Fly-E Group, Inc. Announces Closing of $6.94 Million Public Offering
Globenewswire· 2025-06-04 20:35
Core Viewpoint - Fly-E Group, Inc. has successfully closed a public offering of 28,595,553 shares of common stock and 57,191,106 warrants, raising approximately $6.94 million in gross proceeds, which will be used for inventory purchases, production costs, and working capital [1][2]. Group 1: Offering Details - The public offering price was set at $0.2428 per share, with each share sold together with two warrants, each exercisable at an exercise price of $0.2913 [1][2]. - The offering closed on June 4, 2025, and the warrants are exercisable immediately, expiring on the fifth anniversary of the issuance date [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards purchasing inventory, covering production costs of vehicles, and supporting working capital needs [2]. Group 3: Company Overview - Fly-E Group, Inc. specializes in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters under the brand "Fly E-Bike," promoting eco-friendly transportation [5].
Central Standard to Relocate Distillery Operations in Expansion to Harley-Davidson's Historic Headquarters
GlobeNewswire News Room· 2025-06-04 14:00
MILWAUKEE, Wis., June 04, 2025 (GLOBE NEWSWIRE) -- Beginning next year, Central Standard Craft Distillery will relocate its main distillery operations to a reimagined section of the historic Harley-Davidson campus in Milwaukee’s Near West Side neighborhood. Central Standard’s purchase of the refurbished 73,000-square-foot space will offer full distillery production, a tasting room, distillery tours, private events and new job opportunities. Harley-Davidson will continue to operate on the site as they have d ...
Fly-E Group, Inc. Announces Pricing of $6.94 Million Public Offering
GlobeNewswire News Room· 2025-06-02 12:50
Core Viewpoint - Fly-E Group, Inc. has announced a public offering of 28,595,553 shares of common stock and 57,191,106 warrants at a price of $0.2428 per share, aiming to raise approximately $6.94 million for inventory and production costs [1][2]. Group 1: Offering Details - The public offering includes common stock sold with two warrants per share, with each warrant exercisable at an exercise price of $0.2913 [1]. - The offering is expected to close on or about June 3, 2025, pending customary closing conditions [2]. - The gross proceeds from the offering are anticipated to be around $6.94 million before deducting fees and expenses [2]. Group 2: Company Overview - Fly-E Group, Inc. specializes in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters under the brand "Fly E-Bike" [6]. - The company's mission is to promote eco-friendly transportation and contribute to a more sustainable future [6]. Group 3: Regulatory Information - The securities are being offered under a registration statement on Form S-1, which was declared effective by the SEC on May 15, 2025 [4]. - A final prospectus will be filed with the SEC and will be available on their website [4].
Harley-Davidson Gets Back to Business
Prnewswire· 2025-05-19 20:30
Core Points - Harley-Davidson confirmed the election of all nine Director nominees at the 2025 Annual Meeting of Shareholders [1] - The search for Harley-Davidson's next CEO is ongoing, led by the search committee [1] - CEO Jochen Zeitz expressed gratitude to shareholders and emphasized the company's commitment to long-term value creation [2] Company Overview - Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services, aiming to be the most desirable motorcycle brand globally [3] - The company has a controlling interest in LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the U.S., focusing on urban adventure and electric motorcycle innovation [3]
Niu Technologies Announces Unaudited First Quarter 2025 Financial Results
Globenewswire· 2025-05-19 08:00
Financial Performance - First quarter revenues reached RMB 682.0 million, marking a 35.1% increase year-over-year, driven by a 57.4% increase in sales volume, despite a 14.2% decrease in revenues per e-scooter [1][4][5] - The net loss for the first quarter was RMB 38.8 million, an improvement from a net loss of RMB 54.8 million in the same period last year [1][14] - Adjusted net loss (non-GAAP) was RMB 31.4 million, compared to an adjusted net loss of RMB 48.5 million in the first quarter of 2024 [5][14] Sales and Market Performance - The number of e-scooters sold was 203,313, representing a 57.4% increase year-over-year, with 183,065 sold in China (up 66.2%) and 20,248 in international markets (up 6.4%) [5][11] - E-scooter sales revenues from the China market were RMB 546.4 million, a 39.1% increase year-over-year, while international market sales revenues were RMB 60.0 million, up 22.4% [11][14] Cost and Margin Analysis - Gross margin for the first quarter was 17.3%, down from 18.9% in the same period of 2024, primarily due to international market challenges [5][8] - Cost of revenues was RMB 563.9 million, a 37.8% increase year-over-year, with the cost per e-scooter decreasing by 12.5% to RMB 2,774 [7][8] Operating Expenses - Total operating expenses were RMB 165.1 million, a slight increase of 0.1% year-over-year, with operating expenses as a percentage of revenues decreasing to 24.2% from 32.7% [9][10] - Selling and marketing expenses increased by 8.8% to RMB 114.6 million, while research and development expenses rose by 3.0% to RMB 29.8 million [12][13] Business Outlook - The company expects second quarter 2025 revenues to be in the range of RMB 1,317 million to RMB 1,411 million, representing a year-over-year increase of 40% to 50% [17]