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Lai Guogui, aged 62, is the founder and chairman of Zhejiang CFMOTO Power, a Chinese manufacturer specializing in transportation vehicles, including motorcycles and all-terrain vehicles. With a current net worth of $1.6 billion as of February 1, 2026, Lai Guogui is ranked #2790 on Forbes' 2025 Billionaires list. He founded CFMOTO in 1989 in Hangzhou, China. His source of wealth is machinery, and he is self-made.
Lai Guogui was born in China. In 1989, at the age of 24, he decided to change his life and founded CFMOTO, initially manufacturing motorcycle parts.
CFMOTO quickly grew from a small motorcycle production line into a successful powersports manufacturer. The company's expansion included the development of engines, scooters, and motorcycles, and eventually, ATVs. CFMOTO became the first Chinese ATV manufacturer. Under Lai's leadership, the company expanded internationally, and in 2015, Lai Minjie succeeded his father as CEO.
CFMOTO focuses on innovation and development to create a premium global powersports brand. The company has expanded its product line to include utility vehicles (UFORCE) and sport side-by-sides (ZFORCE). The company's success is rooted in its determination, progressive approach, and focus on customer needs.
There is no available information about Lai Guogui's specific philanthropic initiatives at this time.
Lai Guogui founded CFMOTO, a company that began by manufacturing motorcycle parts.
CFMOTO celebrated its 30th anniversary.
Lai Minjie was elected as the chairman of Zhejiang CFMOTO Power (603129.SH).
"Life is like sailing against the current, either you keep forging ahead or you keep falling behind.”"
CFMOTO's drive to stand out and be unique in the industry.
