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.