Press Release –
For over seven years, KYMCO USA has been the exclusive distributor in the United States for KYMCO brand ATVs, scooters and motorcycles manufactured in Taiwan by Kwang Yang Motor Company, Ltd. (KYMCO).
The company has established itself as a serious player in American motorsports, with a reputation for reliable, affordable and well-styled products.
Now, as a result of signing a new, expanded joint venture agreement with its Taiwanese manufacturing partner, KYMCO USA will have access to even greater levels of factory support.
Most notably, key personnel from Taiwan will join the KYMCO USA team in Spartanburg, South Carolina, where they will contribute their expertise and participate in new product development specifically driven by the needs of American customers.
Under financial terms of the joint venture, Kwang Yang Motor Co. has taken a 50% stake in KYMCO USA. This is expected to provide increased involvement in marketing as well as increased support programs for a growing dealer network that already includes over 600 locations in the United States and Puerto Rico.
“We are making this announcement to let everyone in the industry know how committed KYMCO is to success in the United States over the long haul,” said Eric Bondy, President and CEO of KYMCO USA. “Our year-over-year sales have continued to climb. We are signing up new, quality dealerships and this investment by our partner in Taiwan is a vote of confidence as we expand our product line.”
KYMCO was founded in Taiwan in 1963. Long a leader in quality, fuel economy, and versatility, today the company manufactures motor scooters, motorcycles, and ATVs at five plants in Asia, including the main facility in the city of Kaohsiung.