UK markets open in 3 hours 42 minutes
  • NIKKEI 225

    29,898.57
    -601.48 (-1.97%)
     
  • HANG SENG

    24,084.33
    -14.81 (-0.06%)
     
  • CRUDE OIL

    70.98
    +0.69 (+0.98%)
     
  • GOLD FUTURES

    1,763.20
    -0.60 (-0.03%)
     
  • DOW

    33,970.47
    -614.41 (-1.78%)
     
  • BTC-GBP

    31,414.06
    -2,069.06 (-6.18%)
     
  • CMC Crypto 200

    1,074.72
    -59.66 (-5.26%)
     
  • ^IXIC

    14,713.90
    -330.06 (-2.19%)
     
  • ^FTAS

    3,986.90
    -36.43 (-0.91%)
     

Piaggio, KTM, Honda and Yamaha set up swappable batteries consortium

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
Piaggio's Vespa scooters are seen at the Pontedera's farm
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

MILAN (Reuters) - Italian scooter maker Piaggio said on Monday it had set up a consortium with Honda Motor Co., KTM AG and Yamaha Motor Co. to encourage the use of swappable batteries for electric motorcycles and light electric vehicles.

The Swappable Batteries Motorcycle Consortium (SBMC) aims to broaden the use of light electric vehicles, such as scooters, mopeds and motorcycles, and support a more sustainable management of their batteries, a joint statement said.

It will focus on issues such as battery life, recharging times, infrastructure and costs and will work on defining international standard technical specifications for swappable batteries.

The companies in the consortium said they welcomed others joining them to extend standards to as many companies as possible.

"Urban mobility is going through a delicate transition moment towards electrification. Thanks to this consortium motorbikes will keep their key role," Piaggio Chief of Strategy and Product Michele Colaninno said.

Honda's Motorcycle Operations Chief Officer Yoshishige Nomura said the consortium's objectives aimed to make electric motorbikes more convenient for clients, as their "use on large scale can substantially contribute to the creation of a more sustainable society".

(Reporting by Giulia Segreti; Editing by Edmund Blair)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting