Damon Motors Plans to Manufacture Over 50% of Motorcycle Components in Taiwan
Damon Motors, the revolutionary company behind the HyperSport electric motorcycle, has announced plans to manufacture more than half of its components in Taiwan. In an interview with DIGITIMES Asia, the company’s CTO Derek Dorresteyn expressed his faith in Taiwanese companies, stating, “There’s so much technical and manufacturing know-how in Taiwan.” Damon Motors has already established partnerships with Sinbon Electronics and E-One Moli Energy Corp. (Molicel), further emphasizing their confidence in Taiwanese companies.
Dorresteyn revealed that at least one of Damon Motors’ supply chain partners is a prominent Taiwan-based company. The Canadian firm sees Taiwanese companies as capable of providing high-quality, high-performance, and competitively priced products. Damon Motors has conducted tests using Molicel batteries to power the HyperSport motorcycle, achieving favorable results against a traditional internal combustion engine model. The CTO believes that incorporating rider aids into the final product will mark a milestone in the history of motorcycles.
Damon Motors Showcases HyperSport at CES 2024 and Explores AI Applications
Damon Motors recently had the opportunity to showcase its HyperSport electric motorcycle at CES 2024, thanks to an invitation from NXP. The company used this platform to connect with customers, meet with supply chain partners, and highlight the cutting-edge AI technology embedded within their motorcycles. While the first iteration of Damon Motors’ advanced warning system, “Co-Pilot,” does not currently feature AI computing, future generations will incorporate AI to enhance motorcycle safety, according to Dorresteyn.
Origins and Future Plans of Damon Motors
Damon Motors was co-founded in 2017 by Jay Giraud and Dom Kwong, with the vision of creating a safe and eco-friendly alternative to traditional motorcycles. The company has received over 90 million global orders and plans to put their innovative two-wheeler into production. With a focus on manufacturing in Taiwan, Damon Motors does not rule out using the country as a hub to market its products in Asia.
While the majority of interest in Damon Motors’ products comes from North America and Western Europe, the company is actively exploring opportunities to expand into these regions. Additionally, as a former racer, Dorresteyn expressed the company’s desire to compete in motorsport events like MotoE, where electric motorcycles have gained traction.
In conclusion, Damon Motors’ partnership with Taiwanese companies and their commitment to manufacturing in Taiwan showcase their confidence in the country’s technical know-how. With their groundbreaking HyperSport motorcycle and plans for future advancements in AI technology, Damon Motors is poised to transform the electric motorcycle industry.
Analyst comment
Positive news.
As an analyst, Damon Motors’ decision to manufacture over 50% of its motorcycle components in Taiwan demonstrates confidence in the country’s technical expertise. The partnerships with Taiwanese companies and the successful showcase of their HyperSport electric motorcycle at CES 2024 indicate a promising future for the company. The incorporation of AI technology in future iterations of their products further positions Damon Motors as a transformative player in the electric motorcycle industry. Expect market growth and potential expansion into new regions.
