CFMOTO and Yamaha have reached an agreement to establish a joint venture in Zhuzhou, China. The name of the new business will be ZHUZHOU CF YAMAHA MOTOR Co., LTD. (ZCYM). This joint venture is based on obtaining authorizations, licenses, etc., necessary according to competition laws and other laws and regulations. CFMOTO will discuss the direction of the joint venture with Yamaha, aiming to further increase competitiveness.
Overview of ZCYM
– Planned start of the joint venture / Scheduled for November 2023
– Address: 76 Jian Ya Road, Lusong District, Zhuzhou City, Hunan Province, China 412002
Shareholders
– CFMOTO 50% / Yamaha Motor 44.23% / TAIR YEA LIMITED 5.77%
Representative
– To be announced
Number of employees
– Approx. 500
Activity
– Production and sale of motorcycles
