A ceremony was held on 28 March 2018 to celebrate the groundbreaking joint venture between CFMOTO and KTM. Local authorities, CFMOTO management, KTM management and other distinguished guests witnessed the first spade cutting, which symbolised the official start of the new joint venture project.
The new facilities will cover nearly 25 hectares and comprise a new production base, R&D centre, test track and sales centre. The total floor area of the buildings will exceed 138,000 sq m. This facility will be the birthplace of a number of newly designed models and is expected to produce 500,000 units per year.
Mr Lai, the general manager of CFMoto and Mr Harald Plockinger, the COO of KTM, both referred in their speeches to the impressive trajact that CFMOTO and KTM have made over the past six years. A strategic alliance between CFMOTO and KTM was concluded in November 2011. CFMOTO started as a KTM importer in China, later it developed the CKD business and now it is a joint venture partner. CFMOTO is playing an increasingly important role in KTM's global strategic development.
