/ News
Yamaha and CFMOTO join forces on new motorcycle company in China
Zhuzhou CF Yamaha Motor Company (ZCYM) is set to begin operations in November 2023.
Yamaha and CFMOTO, two prominent names in the industry, have formed a new partnership to establish a corporation dedicated to manufacturing motorcycles. CFMOTO, previously aligned with Pierer Mobility, notably KTM, for bike production in China, has seen significant growth alongside the Austrian brand.
This collaboration has given rise to models like the 800 MT and 800 NK within the Chinese marque's offerings. With CFMOTO's recent successes, Yamaha joins their list of significant partners, further strengthening their position in the industry.
Team Blue, in collaboration with CFMOTO, has officially launched their joint venture named "Zhuzhou, CF Yamaha Motor Company (ZCYM)." This exciting partnership is built upon obtaining the necessary clearances and permits as required by competition and other regulatory laws. CFMOTO and Yamaha will engage in ongoing discussions to determine the strategic direction of this joint venture, with the goal of enhancing its competitiveness.
The ZCYM venture is set to commence operations in November 2023 and will be located at 76 Jia Ya Road, Lusong District, Zhuzhou City, Hunan Province, China, 412002. In terms of shareholding, CFMOTO will hold the majority stake at 50 percent, while Yamaha will be a minority stakeholder with 44.23 percent, and Tair Yea Limited will have a 5.77 percent stake. This partnership marks an exciting development in the motorcycle industry.
The selection of a representative for ZCYM is still pending, and around 500 employees will be part of this joint venture, responsible for overseeing motorcycle production and sales. While there are no official announcements from either Yamaha or CFMOTO regarding the venture's future, preparations are in progress. Both companies are expected to provide updates to the industry in the near future about their plans for ZCYM.
It's possible that CFMOTO might explore production partnerships with other significant brands, and we can anticipate exciting new projects from these two industry players in the pipeline. The future of ZCYM holds promising developments for motorcycle enthusiasts and the industry as a whole.
Tagged Under
Related Articles
-
The CFMOTO 450MT is finally here, and it can be yours for just P328,900 / News
CFMOTO has just pulled the covers off the 450MT in the global market, and is ready to dominate the ADV segment.
-
CFMOTO launches the new 450 CL-C in the Philippines / News
CFMOTO Philippines has pulled the covers off the 2024 CFMOTO 450 CL-C, its first cruiser for laid-back riders.
-
Feast your eyes on the all-new CFMOTO 450MT / News
CFMoto has pulled the covers off the all-new 450MT at EICMA 2023, raising the bar in the beginner adventure bike market.
-
CFMOTO pulls the covers off the track-ready 800NK GP / News
At EICMA 2023, CFMOTO pulled the covers off the new 800NK GP, a track-ready naked streetfighter.
-
CFMOTO unveiled an all-new 675cc three-cylinder engine at EICMA 2023 / News
At EICMA 2023, CFMOTO surprised the world with an all-new 675cc three-cylinder engine.
Latest News
-
Royal Enfield announces global Rentals and Tours program / News
Royal Enfield announces its global Rentals and Tours program so you can travel the world and rent your favorite Royal Enfield motorcycle.
-
LTFRB to halt expansion of motorcycle taxis in NCR / News
The LTFRB has announced that it’s putting a stop to the expansion of motorcycle taxis within Metro Manila.
-
The CFMOTO 450MT is finally here, and it can be yours for just P328,900 / News
CFMOTO has just pulled the covers off the 450MT in the global market, and is ready to dominate the ADV segment.