Is Benelli Considered a Domestic or Joint-Venture Vehicle?
1 Answers
Benelli motorcycles are not domestic vehicles; Benelli is an Italian motorcycle brand. Below are specific details regarding the related content: 1. History of Benelli: Benelli was founded in 1911 in Pesaro, Italy. Initially, Benelli was just a repair shop, but it could also produce all the spare parts needed for repairs. In 1920, the company manufactured a complete single-cylinder, two-stroke 75cc engine for motorcycles. In 1921, Benelli produced its first motorcycle equipped with a self-developed 98cc engine. 2. Acquisition by a Chinese Company: In October 2005, China's Qianjiang Motorcycle successfully acquired Benelli. This marked the first time a Chinese motorcycle company acquired a renowned European motorcycle enterprise, and it was also the first instance in China's machinery industry to achieve a cross-border acquisition of a European company. This acquisition filled the gap in China's production of large-displacement high-end motorcycles and racing bikes.