What KAYO does

KAYO (浙江华洋赛车股份有限公司 / Zhejiang Huayang Racing Co., Ltd.) is a Chinese designer and manufacturer of non-road power sports vehicles, including off-road motorcycles (children's, entry-level, mid-size, and 450cc racing models), ATVs/quad bikes (work and leisure series), and a recently introduced road-legal motorcycle line. Founded in 1999 as China's first off-road sports motorcycle design team and incorporated in 2004, the company is headquartered in Jinyun County, Lishui City, Zhejiang Province, with a satellite sales office in Tianjin. Its technical differentiation rests on a proprietary alloy-steel frame architecture using special-shaped elliptical cold-drawn seamless steel tubes with mechanical performance roughly 2x that of standard tubes, combined with in-house electronic fuel injection (EFI) systems — a category in which KAYO was the first Chinese company to mass-produce EFI for venue off-road competition vehicles. Component-level technology partnerships with international suppliers (Italian MARZOCCHI suspension, American POR TAPER handlebars, Japanese Nissin brakes, Japanese DID chains) reinforce the technical stack.\n\nThe company serves five primary customer segments: professional and amateur off-road racers, commercial rental and beach/leisure operators, entry-level enthusiasts, adventure/touring riders, and youth/junior riders. Distribution is hybrid: a nationwide authorized dealer network and Tmall/JD.com flagship stores for domestic retail, institutional sales directly to racing teams and government sports bureaus, and an international export channel covering 100+ countries across Europe, the Americas, Oceania, Africa, and Southeast Asia. Marketing combines e-commerce, motorsports event sponsorship (including KAYO's own racing team), participation in international trade exhibitions (Canton Fair, Chongqing Motorcycle Expo, Milan EICMA, Las Vegas), and a youth development academy in partnership with the Auto-Cycling Federation of China. Pricing is not publicly disclosed; products are sold at fixed price on e-commerce flagships and via dealer-quote channels.\n\nKAYO generates revenue through unit sales across its three product lines plus original spare parts and branded merchandise. It is the first and only listed sports motorcycle company in China — listed on the NEEQ (New Third Board) in November 2015 (stock code 834058), then upgraded to the Beijing Stock Exchange on August 10, 2023 (stock code 920058) with a 14 million-share IPO at RMB 16.5/share, raising approximately RMB 23.1 million earmarked for international channel expansion and electrification R&D. The company is majority-controlled by founder/Chairman Dai Jigang, a recognized pioneer of China's non-road motorsports industry.

Name

KAYO

Legal name

浙江华洋赛车股份有限公司

Website

https://kayo.com.cn

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

KAYO (浙江华洋赛车股份有限公司) is a Chinese manufacturer of off-road motorcycles and ATVs serving professional racers, rental operators, and recreational riders. Founded in 1999, it is China's only listed sports motorcycle company, distributing across 100+ countries through dealers, e-commerce, and export networks.

Ownership category

akta.pro rank

Product category

Off-road motorcycles

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Dirt Bike / Motocross / Enduro Motorcycle Manufacturing (IMACAEAH)

akta.pro secondary industries

ATV (All-Terrain Vehicle) Manufacturing (IMACAEAD), Motorcycle, powersports & ATV parts and accessories distribution (CRAOANAK)

Keywords

• Off-road motorcycles
• All-terrain vehicles
• Sports motorcycle manufacturing
• Motorcycle racing parts
• Powersports vehicles

Headquarters

HQ city

Jinyun

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels4 records

Marketing channels6 records

Core offering

KAYO manufactures and sells off-road motorcycles, ATVs/quad bikes, and road motorcycles under its KAYO brand. The product range spans children's entry-level bikes, small off-road models, large competition off-road motorcycles, leisure and work ATVs, plus original replacement parts and branded merchandise. Products are sold through dealers, e-commerce platforms, and international distributors in over 100 countries for competitive racing, recreational riding, rental operations, and commercial use.

Product overview

KAYO (浙江华洋赛车股份有限公司) is a Chinese manufacturer of off-road motorcycles and ATVs. The product portfolio comprises three main motorcycle series: Large Off-road (大越野/K series with K2, K2PRO, K3, K5, K6R, KT250 and T/H series with T2, T4L, H4, H6, H6R-450), Small Off-road (小越野 including KMB60, KT50, TD125, TS70, TS90, TSD110, TSD125, TT150, TT160), and ATV/Quad bikes (沙滩车 including AU150, AU230, AU300-A, A125, A300, AT110, S200, S350). The company also offers a Road motorcycle series (公路), original spare parts (原厂配件), and branded merchandise (品牌商品). Founded in 2004, KAYO specializes in non-road motor vehicles for competitive and recreational use, with products exported globally to Europe, Americas, Oceania, Africa, and Southeast Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• KAYO-K2 Large off-road motorcycle in the K series with 223cc actual displacement, 1355mm wheelbase, electric/kick start, and 12kW max power, targeted at off-road enthusiasts.
• KAYO-K2PRO Large off-road motorcycle in the K series with larger 9.5L fuel tank, 1375mm wheelbase, and 14kW max power for extended off-road riding.
• KAYO-K3 Large off-road motorcycle in the K series with 249.4cc displacement, 950mm seat height, and 17kW max power.
• KAYO-K5 Large off-road motorcycle in the K series with 294.9cc displacement, 1492mm wheelbase, and 21kW max power.
• KAYO-K6R High-performance racing off-road motorcycle with 249.8cc displacement, 32kW max power at 13000rpm, designed for professional competition use.
• KAYO-KT250 Large off-road motorcycle with 224cc actual displacement, 940mm seat height, 23kW max power, and 7.5L fuel tank.
• KAYO-T2 Entry-level trail bike in the T series with compact dimensions, targeted at beginners and trail riding.
• KAYO-T4L Large off-road motorcycle in the T series with 285.8cc displacement and 17.5kW max power for recreational use.
• KAYO-H4 Large off-road motorcycle in the H series with 18kW max power for versatile terrain use.
• KAYO-H6 Large off-road motorcycle in the H series with 249.9cc displacement and over 30kW max power.
• KAYO-H6R-450 High-performance racing motorcycle with 449cc displacement, 38kW max power, and adjustable rear suspension for professional competition.
• KAYO-KMB60 Children's entry-level off-road motorcycle with 56.8cc displacement, 42kg net weight, designed for young beginners.
• KAYO-KT50 Small off-road motorcycle with 50.2cc displacement, lightweight at 50kg, suitable for beginners.
• KAYO-TD125 Small off-road motorcycle with 1125mm wheelbase and 70kg net weight.
• KAYO-TS70 Small off-road motorcycle with 72cc displacement, 52kg net weight, entry-level model.
• KAYO-TS90 Automatic Transmission Small off-road motorcycle with automatic transmission and 86cc displacement, for entry-level riders.
• KAYO-TSD110 Small off-road motorcycle with 106.7cc displacement and 66kg net weight.
• KAYO-TSD110 Automatic Transmission Small off-road motorcycle with automatic transmission, 106.7cc displacement, and 63kg net weight.
• KAYO-TSD125 Automatic Transmission Small off-road motorcycle with automatic transmission and 119.6cc displacement.
• KAYO-TT150 Small off-road motorcycle with 140cc displacement, 72.5kg net weight, foot start with CDI ignition.
• KAYO-TT160 Small off-road motorcycle with 155.5cc displacement, 75kg net weight, foot start.
• KAYO-AU150 Work-series ATV with 147cc displacement and 155kg net weight, suitable for work operations.
• KAYO-AU230 Work-series ATV with 196cc displacement, 187kg net weight, and 9L fuel tank.
• KAYO-AU300-A Work-series ATV with 17kW max power for professional applications.
• KAYO-AU300-A Mudguard Version Work-series ATV with mudguard option, 270.5cc displacement, 265kg net weight, and 17kW max power.
• KAYO-A125 Leisure-series ATV with 107cc displacement, compact design for casual use.
• KAYO-A300 Leisure-series ATV with 300cc displacement, 168kg net weight, and 19.3kW max power.
• KAYO-AT110 Leisure-series ATV with 124cc displacement and 98kg net weight, compact design.
• KAYO-S200 Leisure-series ATV with 196.2cc displacement and 320kg net weight.
• KAYO-S350 Leisure-series ATV with 326.7cc displacement and 387kg net weight, larger frame for extended use.
• KAYO Original Replacement Parts Genuine replacement parts including direction components, brake components, suspension parts, running gear, body parts, power components, pedals and footpegs, chain drive components, body panels, electrical components, control cables, accessories, and modification parts.
• KAYO Branded Merchandise Branded accessories including KAYO umbrella, bracelet, neck scarf, baseball cap, T-shirt, and tent.

Quantifiable outcome

• Products designated as official competition vehicles for national motocross championships for 4+ consecutive years
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and flagship.

• 日本日信 (Japanese Nissin)coreTechnology or Integration · 1 October 2018Partnership with Japanese Nissin for brake system components. KAYO is an authorized supporting enterprise for Nissin, using Japanese-origin disc brake pumps and complete brake assemblies.
• 日本DID (Japanese DID)coreTechnology or Integration · 1 October 2018Partnership with Japanese DID for MX-grade racing chains. KAYO has been incorporated into DID's official supplier network, with future cooperation planned.
• A星 (A星/LS2)flagshipGTM or Marketing Partner · 1 September 2018Strategic partnership with international protective gear brand A星 (LS2). A星 is the inventor of the world's first off-road motorcycle boots (est. 1963). KAYO and A星 collaborate on racing team sponsorship, Tmall flagship store co-selling, channel sales, and product promotion. A星 products are available through KAYO's authorized sales channels.
• 南京金城 (Nanjing Jincheng)flagshipStrategic or Co-development Partner · 1 May 2018Co-development partnership resulting in T2-G model, KAYO's first road-legal motorcycle with official vehicle registration. The collaboration combines KAYO's off-road technology with Jincheng's road vehicle certification capabilities, producing a dual-purpose adventure/touring motorcycle.
• 中国宗申动力 (China Zongshen Power)coreGTM or Marketing Partner · 1 September 2017Zongshen Power (宗申动力) serves as team sponsor, with KAYO Racing Team branded as '宗申动力·华洋赛车队'. Zongshen provides engine technology and brand sponsorship for racing activities.
• 意大利MARZOCCHI (Italian MARZOCCHI)coreTechnology or Integration · 1 May 2007Partnership with Italian MARZOCCHI, a leading off-road motorcycle suspension manufacturer, supplying premium shock absorbers for KAYO competitive motorcycles.
• 美国POR TAPER (American POR TAPER)coreTechnology or Integration · 1 May 2007Partnership with American POR TAPER for high-quality handlebar components used in KAYO's competitive motorcycle lineup.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Kawasaki Motors: Global powersports manufacturer with KLX off-road motorcycles, KFX ATV lineup, and Ninja road motorcycles. Comparable in product categories overlapping KAYO but offering a much broader portfolio.
• Yamaha Motor: Global powersports leader with strong off-road (WR/YZ), ATV, and youth motorcycle ranges. Broadly overlaps KAYO's full product portfolio and youth-rider focus but at global incumbent scale.
• Polaris Inc. U.S.-based powersports leader spanning ATV, side-by-side, off-road, and snow segments. Closely comparable in the ATV/sport-quad segment where KAYO competes with its AU/A/S series.
• Honda Motor: Global powersports giant with a dominant CRF off-road motorcycle lineup and ATV products. Overlaps KAYO across all product segments and geographies but operates at vastly greater scale across a much broader vehicle portfolio.
• BRP (Bombardier Recreational Products): Canadian powersports manufacturer of Can-Am ATVs/quads, side-by-sides, and motorcycles. Comparable in the ATV/quad segment where KAYO's AU series competes, particularly in the leisure/rental use case.

Direct peers

• KTM: Austrian off-road motorcycle specialist and global leader in motocross/enduro. Directly comparable category leadership in off-road competition motorcycles — KAYO's core competitive product segment.
• CFMoto: Chinese manufacturer of motorcycles, ATVs, and side-by-sides with significant export presence. Closely comparable in product mix (off-road motorcycles and ATVs), Chinese manufacturing footprint, and export-led growth model.
• Zongshen Power: Major Chinese motorcycle and powersports engine manufacturer. Directly comparable because Zongshen Power is KAYO's named racing team sponsor and engine technology partner, operating in the same Chinese small-displacement motorcycle segment.
• Loncin Motor: Large Chinese motorcycle and ATV/quad manufacturer with substantial export business. Comparable in product categories (off-road motorcycles, ATVs), Chinese manufacturing base, and international distribution.
• Husqvarna Motorcycles: Premium off-road and motocross motorcycle brand owned by KTM AG. Comparable as a focused off-road competitor with a strong racing pedigree and youth-rider development programs paralleling KAYO's Racing Academy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubei.youku.com/u/UMTkwNDc4NzcxNg==?from=113-2-1-2

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KAYO