QUERÉTARO, Mexico, Oct. 4, 2022
/PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) confirms the
start of construction of its first EV manufacturing plant and a
major milestone in the Company's electric journey. Yesterday marked
the ground-breaking ceremony of the Can-Am electric two-wheel
motorcycle production facility in Querétaro, Mexico, which will be adjacent to the current
BRP campus in the city. Production of the Can-Am Origin and Can-Am
Pulse, the Company's first two electric motorcycle models unveiled
at the recent Club BRP, is set to begin in March 2024, with expected deliveries to consumers
during summer 2024.
![To mark the start of construction of the building, a special event was held today with BRP leaders and special guests, including Graeme C. Clark, Canadian Ambassador to Mexico, Luis Nava, Mayor of the City of Querétaro, Íker Jiménez, General Director of Global Economic Impulse, Tania Palacios, Secretary of Sustainable Development of the Municipality of Querétaro and Marco del Prete, Secretary of Sustainable Development. (CNW Group/BRP Inc.) To mark the start of construction of the building, a special event was held today with BRP leaders and special guests, including Graeme C. Clark, Canadian Ambassador to Mexico, Luis Nava, Mayor of the City of Querétaro, Íker Jiménez, General Director of Global Economic Impulse, Tania Palacios, Secretary of Sustainable Development of the Municipality of Querétaro and Marco del Prete, Secretary of Sustainable Development. (CNW Group/BRP Inc.)](https://mma.prnewswire.com/media/1913408/BRP_Inc__BRP_BREAKS_GROUND_ON_NEW_CAN_AM_ELECTRIC_MOTORCYCLES_PL.jpg)
"We have set out to reclaim our motorcycle heritage with the
launch of a lineup of electric 2-wheel motorcycles, and we are
gearing up to execute on our plan," said Sandy Scullion, President, Powersports Group at
BRP. "We are excited to begin the construction of this new
state-of-the-art EV manufacturing facility in Querétaro,
Mexico, on the same campus where
we are already producing our Sea-Doo personal watercraft and ROTAX
engines. We look forward to producing the first electric Can-Am
motorcycles for a new generation of enthusiasts."
The electric motorcycle manufacturing plant is planned to
initially generate 500 new jobs. It was designed following the LEED
principles with sustainable materials, in line with BRP's Corporate
Social Responsibility Plan to reduce the carbon footprint of its
operations. Furthermore, the Company intends to offer an inclusive
work environment accessible to everyone, with modifiable
workstations that can be adapted to different people.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain
information included in this release, including statements relating
to the number of new jobs to be created following completion of the
Company's new facility in Mexico,
the Company's expected reduction of its environmental footprint,
the Company's business and strategic plans, and other statements
that are not historical facts, are "forward-looking statements"
within the meaning of Canadian and United
States securities laws. Forward-looking statements are
typically identified by the use of terminology such as "may",
"will", "would", "should", "could", "expects", "forecasts",
"plans", "intends", "trends", "indications", "anticipates",
"believes", "estimates", "outlook", "predicts", "projects",
"likely" or "potential" or the negative or other variations of
these words or other comparable words or phrases. Forward looking
statements, by their very nature, involve inherent risks and
uncertainties and are based on several assumptions, both general
and specific. BRP cautions that its assumptions may not materialize
and that current economic conditions render such assumptions,
although reasonable at the time they were made, subject to greater
uncertainty. Such forward-looking statements are not guarantees of
future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results
or performance of BRP to be materially different from the outlook
or any future results or performance implied by such statements.
Further details and descriptions of these and other factors are
disclosed in BRP's annual information form dated March 24, 2022. The forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company has no intention and undertakes no
obligation to update or revise any forward-looking statements to
reflect future events, changes in circumstances, or changes in
beliefs, unless required by applicable securities regulations. In
the event that the Company does update any forward-looking
statements contained in this press release, no inference should be
made that the Company will make additional updates with respect to
that statement, related matters or any other forward-looking
statement. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
About BRP
We are a global leader in the world of
powersports products, propulsion systems and boats built on 80
years of ingenuity and intensive consumer focus. Our portfolio of
industry-leading and distinctive products includes Ski-Doo and Lynx
snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and
off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons
and Rotax marine propulsion systems as well as Rotax engines for
karts and recreational aircraft. We complete our lines of products
with a dedicated parts, accessories and apparel portfolio to fully
enhance the riding experience. With annual sales of CA$7.6 billion
from over 120 countries, our global workforce includes close to
20,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou,
Quintrex, and the BRP logo are trademarks of Bombardier
Recreational Products Inc. or its affiliates. All other trademarks
are the property of their respective owners.
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SOURCE BRP Inc.