MV Agusta enters into a strategic partnership with QJ Motor
The partnership would strengthen MV Agusta’s dealership network within the region.
Even before Timur Sardarov took over the leadership of MV Agusta from Giovanni Castiglioni just a few years back, he was already credited with the important growth throughout the enlargement of its product pipeline ranging from 3 to 4 cylinder motorcycles. Castiglioni later on, recommended to its board of directors that Sardarov be appointed as the company’s future CEO. Today, under Sardarov’s leadership, MV Agusta is teaming up with Chinese motorcycle manufacturer QJ Motor to aid in the distribution of the Italian brand’s motorcycles within the country.
Fekon Co. initially implemented the launch phase of MV Agusta’s growth program in China. With its new partnership with QJ Motor, the brand will continue where Fekon left off. With seven mono-brand stores that MV Agusta has all over the region now under QJ’s control, they now plan to further expand and strengthen its dealer network with the addition of 21 more stores in the next 12 months.
I am thrilled about this agreement with QJ for the second phase of our expansion into the Chinese market. It is a very ambitious long term partnership that will make MV Agusta the number one Italian premium motorcycle brand in China in the next 5 years. QJ is one of the leading global players in terms of scale, market presence, and quality standards and I am confident that with such a solid partner we will reach, and possibly beat, all our commercial objectives very rapidly. We are also developing a further, important collaboration on the industrial front, which we will announce shortly.
QJ Motor is no stranger to doing business with iconic Italian motorcycle brands. The Chinese motorcycle brand currently owns the Benelli brand and has just recently released a whole raft of motorcycles and a brand new four-cylinder engine designed from the old version of the Brutale 1000 RR. The similarities of the new engine and one of its naked motorcycles could have resulted from a license agreement as a result of the strategic partnership between MV Agusta and QJ Motor.
With the newly-established tie-up between the two companies, Dongshao Guo expressed his gratitude towards the partnership. He stated, “We thank MV Agusta for choosing to establish a new strategic partnership with us. MV Agusta is a world-famous brand with a long history, and also an old friend and close partner of Qianjiang Motorcycle. This cooperation is not only a strong combination of the two sides' business but also further recognition of the brands and ideas of each other.”
Tagged Under
Related Articles
-
Feast your eyes on the new MV Agusta Superveloce 1000 Serie Oro / News
MV Agusta has released the new Superveloce 1000 Serie Oro of which only 500 will be produced. Could any of them land in the Philippines?
-
MV Agusta’s Timur Sardarov clarifies speculation around KTM’s involvement in the brand / News
In an interview, MV Agusta’s Timur Sardarov clarified speculations about KTM’s recent escapades with the MV Agusta brand.
-
KTM reportedly set to increase its stake in MV Agusta / News
Reports suggest that KTM is working out a bigger deal in acquiring a majority stake in Italian manufacturer MV Agusta.
-
MV Agusta to showcase new Superveloce 1000 at Italy’s FuoriConcorso / News
MV Agusta is set to showcase the new Superveloce 1000 at the upcoming FuoriConcorso in Lake Como, Italy.
-
Here are more details about KTM’s investment in MV Agusta / News
Timur Saradarov, MV Agusta’s CEO, clarified the KTM capital infusion deal, stating better dealers in the future.
Latest News
-
CFMOTO's new 675NK is poised to revolutionize the naked bike segment / News
CFMOTO has unveiled the 675NK at EICMA 2024.
-
What do you think of the new Royal Enfield Bear 650 scrambler? / News
Royal Enfield has unveiled the new Bear 650, its middleweight offering in the scrambler segment.
-
Ducati unveils 2025 Panigale and Streetfighter V2 / News
Ducati has wasted no time in launching two new sportbikes powered by its all-new V2 engine.