“Kwang Yang has no plan to go public, but the company is likely to spin off its electric scooter division for an IPO,” Kwang Yang chairman Allen Ko (柯勝峰) said during an interview with a small group of reporters in Taipei. Kwang Yang Motor Co employees work on KYMCO scooters at the company’s factory in Kaohsiung in an undated photograph. Photo courtesy of Kwang Yang MotorTOP MAKERFounded in 1963, the company has a long history in making gas-fueled scooters. Kwang Yang has built a strong presence in the nation’s scooter market, holding on to the No. Kwang Yang expects its partnership with Harley-Davidson to bear fruit in the next two to three years, Ko said.

Source: Taipei Times December 18, 2021 02:43 UTC