What Is Ev Agreement In Gem

What Is Ev Agreement In Gem

Polaris Inc. has signed a 10-year partnership agreement with Zero Motorcycles to develop an electric vehicle option for each of its key product segments by 2025. Under the terms of the agreement, Polaris will design, manufacture and sell electric SUVs and snowmobiles using Zero`s propulsion technology, hardware and software. “We`re not new to electricity, what`s new to us is electricity for our core bodybuilding customer who needs power and autonomy,” said Scott Wine, CEO of Polaris. “Our electric vehicle expertise and millions of miles of real-world rubber electric vehicle experience meet the road, coupled with Polaris` extensive product portfolio, size, supply chain and market leadership, making it a game changer for any powersports enthusiast,” Sam Paschel, CEO of Zero, said in a press release. The Medina-based company called Rev`d Up will become the leader in electric vehicles in the powersports industry. Wine said it studied the development of electric capabilities internally and with a number of other electric vehicle partnerships before finding a good technological and cultural fit with Zero. Polaris also owns Taylor-Dunn, which manufactures electric, LPG and gasoline vehicles that are primarily used in commercial and industrial environments. The Ranger EV and Indian Minibike are niche products. The agreement with Zero is expected to develop a wide range of products in the power sports segment that will provide the performance and range that these customers expect. “Zero allows us to deliver that,” Wine said.

“The electric powertrain offers us many opportunities to bring customers improvements that we cannot achieve with an internal combustion engine.” Drive, move, transport and work with confidence with a GEM vehicle designed for your application. Polaris also purchased the electric motorcycle business from Brammo Inc. in 2015 and used this technology in the development of the Ranger EV Li-Ion, one of the first electric vehicles in the off-road segment and still a bestseller in its class. Polaris sold Brammo`s assets in 2017.

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