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Updated 2:37 PM EST, Tue March 5, 2019
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cnnmoney trump harley davidson white house
Trump blasts Harley-Davidson over production
02:01 - Source: CNN
Latest in tech 16 videos
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cnnmoney trump harley davidson white house
Trump blasts Harley-Davidson over production
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"Sophia" an artificially intelligent (AI) human-like robot developed by Hong Kong-based humanoid robotics company Hanson Robotics is pictured during the "AI for Good" Global Summit hosted at the International Telecommunication Union (ITU) on June 7, 2017, in Geneva. The meeting aim to provide a neutral platform for government officials, UN agencies, NGO's, industry leaders, and AI experts to discuss the ethical, technical, societal and policy issues related to AI. / AFP PHOTO / Fabrice COFFRINIFABRICE COFFRINI/AFP/Getty Images
Experts warn AI could pose 'extinction' risk for humanity
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Jon Sarlin Amanda Steen 1
CNN tried an AI flirt app. It was shockingly pervy
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aoc twitter hearing
These two moments show how Twitter's choices helped former President Trump
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deepfake newscasters wang pkg
These newscasters you may have seen online are not real people
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People wait in line at the April 2022 grand opening of the Bored & Hungry pop-up burger restaurant in Long Beach, California, which used Bored Ape images.
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Hear why this teacher says schools should embrace ChatGPT, not ban it
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Argo boating app 2
'Make my dad famous': A daughter's quest to showcase her dad's artwork
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nightcap 012623 Clip 1 16x9 nb
Are Musk's Twitter actions a speed bump for Tesla?
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OpenAI ChatGPT STOCK
He loves artificial intelligence. Hear why he is issuing a warning about ChatGPT
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Mastodon
Twitter competitor to Elon Musk: Get off the internet
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nightcap 011923 Clip 2 16x9
Tinder is reportedly testing a $500 per month subscription plan. Is it worth it?
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Trump Facebook Employees Debate 02
Facebook could soon reinstate Trump. Two former senior staffers debate the decision
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Harley-Davidson is trying to attract a new generation of riders at a very young age. The iconic motorcycle company announced Tuesday that it was buying StaCyc, which makes two-wheel electric bikes for kids.

StaCyc has two models – the 12eDrive and 16eDrive – that the company describes as “the perfect choice for little rippers” between the ages of 3 and 7.

The bikes have a top speed of about 10 miles per hour and sell for a range of $649 to $699.

Harley-Davidson (HOG) said in a statement that Harley-Davidson (HOG) branded versions of StaCyc’s two models will be available at select Harley-Davidson (HOG) dealers in the United States in the third quarter of 2019.

“The StaCyc team shares the same vision we have for building the next generation of riders globally and we believe that together, we will have a significant impact in bringing the fun and enjoyment of riding to kids everywhere,” said Heather Malenshek, Harley-Davidson senior vice president of marketing and brand, in the statement.

eBike Models - Prototypes shown.
eBike Models - Prototypes shown.
Hand-out/Harley-Davidson, Inc.

Harley-Davidson is increasing its bets on electric vehicles as sales of traditional bikes slow.

The company has already announced plans to launch the LiveWire premium electric motorcycle this fall. It is also developing other electric bikes that it plans to start selling in 2021.

Harley-Davidson needs new growth opportunities as the company struggles to deal with tariffs from the Trump administration that have hurt earnings.

Sales and profits are expected to fall this year and revenue is only expected to rebound slightly in 2020.

Shares of Harley-Davidson have rallied this year with the rest of the market, rising 10% so far in 2019. But the stock is trading nearly 20% below its 52-week high.