CFMOTO was established in 1989 by Lai Guoqiang. In 2013, it began to be involved in the construction of high-end yachts.

In 2011, CFMOTO and KTM entered into a commercial partnership. In 2017, the two companies started a joint venture that allows the production and sale of KTM motorcycles in China under the name of “KTMR2R”. CFMOTO also assembles the small displacement models on behalf of KTM in its Chinese factories, as well as producing the larger displacement KTM engines.