wavelet, Energica dropped their prices by 10K and made a lot of options standard. They realized the market for 35K bikes is pretty small. Have never heard the claim about the parent company subsidizing the bikes though. If that were true then the prices would have to go back up at some point and sales will fall. I think they just have much slimmer profit margins than they had before.
Possible of course, I have no inside info or secret sources
It's just that with the very small numbers Energica currently sell, it's not really volume production -- as far as I know, they're essentially handmade. (
is their combined HQ / R&D facility / factory / European distribution center / showroom / museum)
Nothing wrong with that while sales numbers are still low, but it's unlikely they can get volume discount on components, and they do use high-end ones,not to mention lots of features being standard (CCS DC etc.)
Without economies of scale on parts & assembly (Northern Italy is pretty expensive labor-wise, and the volumes don't justify automation AFAICS), I doubt they're making profit.
Early growth is also expensive w.r.t. distribution costs -- a dealership needs the same training whether they sell 3-4 bike a year or 40.
As can be seen from their
investor presentation which includes a timeline, their corporate parent (CRP Group) funded development of an electric racer for several years, and then development of the Ego as a sportbike, before founding Energica as an internal startup.
It would be very easy to make a mistake on a spec like this as it goes forward through production and not get caught until it is too late.
That's something I don't get -- if they have CCS DC charging, someone at Lightning designed it (or specced it for an external partner to design).
That person has to know the basics of the standard, don't they? How could any engineer (whether or not formally trained) capable of designing a high-performance electric drivetrain not take into account the charging requirements?