KTM ESTABLISHES CHINESE JOINT VENTURE

To expand its presence in China, Europe’s largest motorcycle manufacturer KTM has set up a joint-venture company with existing Chinese bike assembly partner CFMoto. KTM will hold 49% of the equity in this new business, known as CFMoto-KTMR2R.

The deal was signed by KTM supremo Stefan Pierer at CFMoto’s factory in Hangzhou on 11 October, although it awaits regulatory approval from the Chinese authorities. Besides improving market access for the KTM brand, the joint venture will also develop and manufacture products using KTM technology.