KTM, Husqvarna and GasGas parent Pierer Mobility has unveiled a major expansion of its joint-venture relationship with Chinese motorcycle manufacturer CFMoto. Outlined in a statement issued on 6 July, the two companies are to strengthen their ties in the areas of product strategy and development, as well as industrialisation and sales.
Having taken over distribution of CFMoto products in Germany, Austria, Switzerland, Spain and the UK from January this year, Pierer Mobility’s KTM arm is already leveraging its sales organisations in these markets on behalf of the CFMoto brand. And now the latter is to double Chinese production capacity available to support them from a current 50,000 units to 100,000.
“CFMoto is our production and sales partner for KTM motorcycles in China, and in recent years it has expanded its capacities and supply chain to meet this need,” explained Pierer Mobility executive board member Hubert Trunkenpolz.
“We work well together. We have known the Lai family as the majority shareholder of CFMoto for more than ten years and been in partnership for most of that time.
Intensification of our joint venture is a further step serving market demand in China and the Asian region, as well as worldwide. And as a sign of deepening cooperation, CFMoto has increased its Pierer Mobility share stake to 2%.”