To expand the market presence in the Chinese market, KTM AG enters a joint venture with its long-term partner CF Moto. The joint venture ("CFMOTO-KTMR2R"), in which KTM holds 49%, is still subject to permission of the competent authority on the CF Moto side.
The joint venture should not only strengthen KTM's appearance in the Chinese market, but also collectively develop and manufacture products to continue the global expansion course.
About KTM Industries Group
The KTM Industries-Group is a leading European vehicle group with a strategic focus on the global motorcycle segment and the automotive high-tech component sector. With its world-famous brands KTM, Husqvarna Motorcycles, WP and Pankl, it is one of the technology and market leaders in its segments. Within the group there is a high degree of technological interaction, which is unique in Europe in this form. Strategic partnerships at the operational level strengthen competitiveness in our relevant markets. All of these factors form the basis for the high degree of innovation of the KTM Industries-Group and secure the organic growth in the long term.
About CF Moto
CFMOTO develops, manufactures, markets and delivers reliable and cost-effective motorcycles and scooters, all terrain vehicles, utility vehicles, boat and powersports engines. Founded in 1989 and teaming up with more than 1500 companions, CFMOTO has developed 98 models vehicles and 51 models engines, which are distributed in over 70 countries and regions. (end)
|emitter:||KTM Industries AG|
|contact person:||Mag. Michaela Friepeß|
|phone:||+43 7242 69402|
|stock exchanges:||official trade in Vienna; open market (free market) in Frankfurt|
|ISIN(s):||AT0000500913, AT0000820659, AT0000A0WQ66, AT0000A1MBL8|