Expanding KTM Group’s joint venture with CFMOTO
PIERER Mobility and CFMOTO are strengthening their cooperation in the areas of product strategy, development as well as industrialization.
As a sign of deepening cooperation, CFMOTO has increased its ownership in the listed PIERER Mobility AG stock to 2%.
In January 2023, KTM took over the distribution of CFMOTO motorcycles in Germany, Austria, Switzerland, Spain and the UK. The team is leveraging its excellent sales organization in these markets. Production capacity will be increased from the current 50,000 units to 100,000 units.
Hubert Trunkenpolz – Member of the Executive Board of PIERER Mobility
“PIERER Mobility and CFMOTO have been working together for almost ten years. CFMOTO is our KTM motorcycle manufacturing and selling partner in China, and in recent years, CFMOTO has expanded its capacity and supply chain to meet this need. We work well together. We have known the Lai family as major shareholders of CFMOTO for more than ten years. The strengthening of joint ventures and cooperation in the areas of product strategy, product development, industrialization and sales is a further development of our consistent partnership and a step further. to be able to serve the growing market demand in China and the Asia region, as well as worldwide..”
