ZX Motor secures HongShan investment, obtains EU certification

Zhang Xue (left) receives the EU Whole Vehicle Type Approval certificate. [Photo by TUV Rheinland]

Chongqing ZX Motor Co has achieved two significant milestones: securing investment from HongShan Capital and obtaining EU certification.

ZX Motor generated 670 million yuan ($99.35 million) last year and is on track to reach between 2 and 2.5 billion yuan this year, targeting over 200 percent growth.

ZX Motor and HongShan Capital plan to collaborate on enhancing corporate governance, talent development, industry resources, and global expansion strategies.

TUV Rheinland, an independent third-party testing, inspection, and certification organization, announced that ZX Motor's 500RR model has received the EU Whole Vehicle Type Approval (WVTA) certificate from the Luxembourg Ministry of Transport, confirming the model meets EU market entry requirements.

Zhang Xue, founder of ZX Motor, emphasized that his company aims to offer products that combine performance, design, and driving pleasure, providing European consumers with a diverse range of choices.

The company plans to further improve its product lineup, expand its overseas distribution and service networks, and strengthen global brand communication to introduce Chinese motorcycles to a broader international market.

Thomas Quernheim, global senior vice-president of Traffic Services Engineering and Type Approval at TUV Rheinland, noted that with efficient iteration speeds, diverse product designs, and advancing technology, Chinese motorcycle brands are bringing new momentum to the European market.