Querétaro, Mexico, October 3, 2022 – 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. Today marks the groundbreaking 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.
“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.
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.
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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