CFMOTO

CFMOTO is a Chinese multinational manufacturer of motorcycles, ATVs, and utility vehicles founded in 1989 by Lai Guoqiang. Headquartered in Hangzhou, China, CFMOTO is listed on the Shanghai Stock Exchange (603129) as Chunfeng Power and has grown to become one of China's largest powersports manufacturers. The company reported 2025 global motorcycle sales of 250,000 units (+10.1% growth) and serves markets across Asia, Europe, and North America with annual production capacity of 800,000 engines.

CFMOTO was established in 1989 by Lai Guoqiang in Hangzhou, China, initially as an engine manufacturer before quickly transitioning to engineering and building its own engines. The company has always held a significant presence in China's domestic market, including supplying government vehicles for police and fire departments while developing a name for itself as a manufacturer of reliable powersports equipment.

In 2011, CFMOTO and KTM entered into a commercial partnership that would prove transformative for the company's international expansion. In 2017, the two companies started a joint venture that allows the production and sale of KTM motorcycles in China under the name of "KTMR2R." This partnership also involves CFMOTO assembling small displacement models on behalf of KTM in its Chinese factories, as well as producing larger displacement KTM engines, giving CFMOTO access to advanced European technology and engineering expertise.

Since 2017, CFMOTO has been listed on the Shanghai Stock Exchange as Chunfeng Power with the code 603129, providing the company with access to capital markets for expansion and development. At the end of 2020, CFMOTO announced a new sub-brand of electric motorcycles called Zeeho, positioning the company for the growing electric mobility market and demonstrating its commitment to innovation and sustainable transportation solutions.

In 2022, CFMOTO made its debut in the Moto3 class of the Grand Prix motorcycle racing, marking its entry into premier motorcycle racing competition and showcasing the company's technological capabilities on the world stage. This racing involvement has helped elevate the brand's profile and demonstrate its engineering prowess to international audiences.

Throughout the 2020s, CFMOTO has experienced remarkable growth, delivering exceptional +79% growth in one year followed by 10.1% growth in 2025, reaching a new record of just over 250,000 motorcycle units sold globally. The company has emerged as the global leader in the powersports segment (ATV and SSV) through exceptional expansion of its product lineup and rapid development of a global distribution network spanning more than 100 countries and 2,000+ partners.

In 2026, CFMOTO continues its upward trajectory with strong growth across developed and high-potential markets: Europe up 40%, North America up 48%, Latin America up 42.9%, and ASEAN markets also up 42.9%. The company aims to maintain its growth momentum by further expanding the model lineup and strengthening brand equity globally, with new flagship models like the 1000 MT-X and concept models such as the 675NK GP and V4 SR-RR demonstrating its ambition to move further upmarket and compete with established global brands.

CFMOTO has implemented sustainability initiatives focused on environmental responsibility, manufacturing practices, and ethical business conduct in the global powersports and automotive industry.

Environmental sustainability efforts include reducing carbon emissions across manufacturing operations, implementing energy-efficient production processes, and comprehensive waste reduction programs. CFMOTO has established sustainability reporting for its manufacturing facilities and works toward reducing environmental impact through green manufacturing practices, renewable energy adoption, and supply chain optimization.

Electric vehicle development represents a core priority for CFMOTO, with the Zeeho electric motorcycle sub-brand launched in 2020 and continued investment in electric powertrain technology. The company maintains extensive research and development programs for electric mobility solutions while promoting sustainable transportation alternatives in the powersports market.

Corporate governance emphasizes ethical business practices, transparent operations, and stakeholder engagement as a publicly traded company on the Shanghai Stock Exchange. CFMOTO maintains governance structures appropriate for its international operations while operating with high standards of business ethics and corporate responsibility across its diverse manufacturing and sales operations.

Manufacturing sustainability represents an important component of CFMOTO's environmental framework, with comprehensive practices for sustainable production, waste management, and environmentally responsible manufacturing processes. The company maintains extensive programs for energy efficiency, waste reduction, and sustainable manufacturing practices while promoting environmental responsibility in the powersports sector.

Supply chain and sourcing ethics represent critical components of CFMOTO's sustainability framework, with comprehensive practices for sustainable procurement, ethical sourcing standards, and supplier diversity across its global manufacturing operations. The company maintains extensive programs for supplier sustainability, ethical sourcing practices, and supply chain transparency while promoting responsible manufacturing practices.

CFMOTO has received recognition for manufacturing excellence, product innovation, and corporate achievement in the global powersports and automotive industry.

• Manufacturing Excellence Awards: Multiple awards for production quality, manufacturing innovation, and operational efficiency
• Product Innovation Awards: Recognition for powersports vehicle design, engineering innovation, and electric vehicle development
• Market Leadership Awards: Recognition for growth in international markets, sales performance, and market expansion
• Technology Development Awards: Recognition for engine technology, electric powertrain innovation, and research and development
• Workplace Excellence: Various awards for workplace culture, employee satisfaction, and manufacturing workplace safety
• Supply Chain Recognition: Awards for supply chain management, manufacturing efficiency, and global operations
• Industry Leadership Awards: Recognition for innovation in powersports manufacturing and electric vehicle development
• Export Excellence Awards: Recognition for international market expansion and global sales performance

CFMOTO operates under regulatory scrutiny related to manufacturing practices, product safety, and market competition in the highly regulated automotive and powersports industry.

Product safety and quality control represent ongoing scrutiny regarding CFMOTO's manufacturing standards, vehicle safety features, and quality assurance processes. The company faces questions about product reliability, safety testing procedures, and compliance with international safety standards across its diverse product range.

Competition and market practices have drawn scrutiny regarding CFMOTO's position in global powersports markets, relationships with competitors, and competitive behavior in various markets. The company faces questions about market positioning, pricing practices, and competitive relationships with established Japanese and American manufacturers.

Manufacturing compliance includes oversight from automotive regulators worldwide regarding production standards, environmental regulations, and manufacturing safety requirements. CFMOTO must navigate complex regulatory requirements while maintaining operations across multiple countries and regulatory jurisdictions.

Environmental compliance represents ongoing scrutiny regarding CFMOTO's manufacturing operations, emissions standards, and environmental impact of powersports vehicle production. The company faces questions about manufacturing emissions, waste management, and environmental compliance in the automotive manufacturing sector.

Intellectual property and technology transfer practices have drawn attention regarding CFMOTO's partnerships with KTM, technology licensing agreements, and intellectual property rights in the powersports industry. The company faces questions about technology transfer, intellectual property protection, and partnership agreements with European manufacturers.

Supply chain and sourcing practices have drawn scrutiny regarding CFMOTO's supplier relationships, procurement policies, and ethical sourcing standards in the global automotive supply chain. The company faces questions about supplier diversity, ethical sourcing practices, and supply chain transparency across its international manufacturing operations.