Yamaha changes partner for Chinese motorcycle manufacturing JV
New joint venture called Zhuzhou CF Yamaha Motor Co slated to start functioning in November 2023; Yamaha has positioned China as one of its important production and sales bases.
9223 Views
Yamaha Motor Co has announced today that it has reached an agreement to have Chongqing Jianshe Mechanical and Electric Co Ltd, a current partner of the company's motorcycle manufacturing joint venture in China, Zhuzhou Jianshe Yamaha Motor Co (ZJYM), to transfer ZJYM's equity interest to Zhejiang CFMoto Power Co (CFMOTO). The name of the new business will be Zhuhou CF Yamaha Motor Co (ZCYM).
Headquartered in Hunan Province, the planned start of the ZYCM JV is slated for November 2023. While CFMOTO will have a 50% stake in the JV, Yamaha will have 44.23% and Tair Yea Ltd 5.77 percent.
CFMOTO, set up in December 2003, manufactures and sells motorcycles, RVs (ATVs and ROVs) and accessories.
Yamaha Motor states that it “has positioned China as one of its important production and sales bases and will continue to discuss the direction of the joint venture with CFMOTO going forward with the aim of further raising competitiveness.”
RELATED ARTICLES
Hyundai unveils next−gen highly efficient hybrid system
Autocar Professional Bureau
22 Apr 2025
The next-gen hybrid system is claimed to offer 45% better fuel efficiency and 19% more power compared with ICE powertrai...
Horse Powertrain reveals hybrid conversion for electric cars
Autocar Professional Bureau
19 Apr 2025
Engine-making joint venture of Geely and the Renault Group announces new hybrid powertrain that fits into the same space...
Aisin to produce hybrid motor for Mitsubishi in Thailand
Autocar Professional Bureau
06 Apr 2025
The hybrid drive motor and gearbox, will be produced at Aisin Powertrain (Thailand) Co for use in the Mitsubishi XForce ...
