No, KTM is not a Chinese business. It is an Austrian manufacturer of motorcycles, bicycles, and sports cars that is owned by Pierer Mobility AG and the Bajaj Auto company in India. KTM was established in 1934 and has its Austrian headquarters in Mattighofen.
KTM makes a variety of adventure bikes, street motorcycles, and electric motorcycles in addition to its well-known off-road motorbikes. More than 60 nations across the world sell KTM motorcycles.
KTM has a joint venture with the Chinese motorcycle maker CFMoto even though it is not a Chinese corporation. For the Chinese market, this joint venture manufactures a variety of KTM motorcycles.
KTM’s joint venture with CFMoto
A joint venture called CFMOTO-KTMR2R was established in 2017 by KTM and CFMoto. The joint venture has a manufacturing site in Chongqing and its headquarters are both located in Hangzhou, China.
The 390 Duke, 790 Duke, and 1290 Super Duke R are among the KTM motorcycles that are produced by the CFMOTO-KTMR2R joint venture for the Chinese market. Additionally, the joint venture develops KTM engines for motorcycles using the CFMoto brand.
Why KTM has a joint venture in China?
The joint venture between KTM and CFMoto is a calculated strategy to increase KTM’s market share in China. The greatest motorcycle market in the globe is China, and KTM is eager to capitalize on this expansion potential.
Additionally, the joint venture enables KTM to benefit from CFMoto’s manufacturing know-how. One of the biggest motorbike producers in China, CFMoto has a solid reputation for dependability and quality.
Collaboration between KTM and CFMoto: a win-win situation
The partnership has benefited both KTM and CFMoto. While CFMoto has acquired access to KTM’s technology and knowledge, KTM has increased its market share in China.
New goods have been developed as a result of the joint venture. For instance, the KTM 790 Adventure served as the basis for the huge adventure motorcycle known as the CFMOTO 800MT. The CFMOTO 800MT is more potential and more reasonably priced than the KTM 790 Adventure.
Additionally, the joint venture has assisted in raising the caliber of CFMoto motorcycles. Previously, CFMoto motorcycles had a reputation for being reasonably priced but not particularly well-built. Yet, CFMoto has been able to enhance its production procedures and quality standards thanks to the joint venture with KTM.
Summarized Table
| Is KTM a Chinese Company? | No, KTM is not a Chinese company. |
| Headquarters | Mattighofen, Austria |
| Founded | 1934 |
| Industry | Motorcycle manufacturing |
| Notable Products | Off-road and street motorcycles, including the “KTM Duke” and “KTM Adventure” series |
| Ownership | KTM AG is owned by Pierer Mobility AG, an Austrian company |
| Global Presence | KTM has a worldwide presence with dealerships and manufacturing facilities in various countries |
Conclusion
KTM is a foreign corporation. It is an Austrian motorcycle company that has a partnership with the CFMoto company in China. For the Chinese market, the joint venture manufactures a variety of KTM motorcycles.
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Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
