Who owns PIERER Mobility AG (now Bajaj Mobility AG)? CFMoto's stake and the ownership chain
Facts checked
PIERER Mobility AG (now Bajaj Mobility AG) appears here because the ownership graph records a holding in it by a Chinese entity. The chain below is the whole of what this site claims.
CFMOTO increased its holding in the listed PIERER Mobility AG to 2.0%, a figure stated in that company's 2024 annual report. The 2025 restructuring under which Bajaj took control is likely to have changed it; we did not verify the current position.
The short answer
| Controlled by | CFMoto |
|---|---|
| Stake | 2% |
| Since | not published |
| Kind | company |
| Origin | AT |
| Top of the chain | Lai Guoqiang |
The chain, step by step
Lai Guoqiang controls CFMoto since 1989.
Lai Guoqiang founded CFMoto in 1989 and the family remains at the head of the company; his son Lai Minjie is chief executive. No personal percentage was published in the sources we read.
CFMoto holds a stake in PIERER Mobility AG (now Bajaj Mobility AG) at 2%.
CFMOTO increased its holding in the listed PIERER Mobility AG to 2.0%, a figure stated in that company's 2024 annual report. The 2025 restructuring under which Bajaj took control is likely to have changed it; we did not verify the current position.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Lai Guoqiang | CFMoto | controls | controls | 1989 |
| CFMoto | PIERER Mobility AG (now Bajaj Mobility AG) | holds a stake in | 2% | not published |
Other recorded holdings in PIERER Mobility AG (now Bajaj Mobility AG)
Holdings that are not control, kept out of the chain above so that nothing on this page reads as ownership when it is not. A joint venture is a company two parents built together: its percentage is a share of the venture, not a holding in the partner. The same pair can appear twice with different kinds, and both rows are real.
| Holder | What it is | Share | Since | What the source says |
|---|---|---|---|---|
| Bajaj Auto Limited | holds a stake in | not published | 2025 | After KTM's insolvency Bajaj moved to full control of Pierer Bajaj AG, the holding above the listed company, under a call option agreed on 22 May 2025 and exercisable to the end of May 2026. The listed company now trades as Bajaj Mobility AG. No percentage in the listed entity was verified. |
| CFMoto | holds a stake in | 2% | 6 July 2023 | CFMoto raised its holding in the listed Austrian parent of KTM, Husqvarna Motorcycles and GasGas to 2.0%, announced on 6 July 2023, alongside a wider agreement on product strategy, joint development and sales. The two have run a Hangzhou joint venture since about 2013 that builds KTM's LC8c parallel-twin models, and KTM has distributed CFMoto motorcycles in Germany, Austria, Switzerland, Spain and Britain since January 2023. Bajaj Auto took control of the Austrian parent in November 2025 and renamed it Bajaj Mobility AG; whether CFMoto still holds the 2% was not verified. |
Former holdings
Holdings that ended, kept out of the tables above so nothing current reads as past or the reverse.
| Holding | What it is | Share | Since | What the source says |
|---|---|---|---|---|
| CFMoto | formerly held | not published | not published | KTM's group distributed CFMOTO and Zeeho products in Austria, Germany, Spain, Switzerland and the United Kingdom. That arrangement ended on 31 May 2025 during KTM's insolvency; the Chinese manufacturing joint venture was unaffected. |
Related
Sources for PIERER Mobility AG (now Bajaj Mobility AG)
- MCNews, PIERER Mobility and CFMOTO strengthen partnership - CFMOTO take larger ownership stake in PIERER Mobility AG (KTM). Read . CFMOTO holding raised to 2.0%; figure also stated in the PIERER Mobility 2024 annual report.
- Bajaj Mobility AG, Bajaj Mobility AG newsroom. Read . Site now published under the Bajaj Mobility AG name.
- Bajaj Mobility AG (formerly PIERER Mobility AG), PIERER Mobility and CFMOTO strengthen its cooperation. Read . CFMOTO stake raised to 2.0%, announced 6 July 2023.
- Wikipedia, KTM. Read . Bajaj Auto's November 2025 acquisition and the rename to Bajaj Mobility AG.
- Wikipedia, CFMoto. Read .
- MCNews, PIERER Mobility and CFMOTO strengthen partnership. Read .