XDS company invests in Astana Qazaqstan Team

The large Chinese company XDS has decided to invest in professional cycling.

The company’s management held negotiations with the Kazakh WorldTour team Astana Qazaqstan Team during the most prestigious Grand Tour, the Tour de France. As a result, mutual understanding was reached, and a decision to cooperate was made.

The draft agreement provides for long-term investment for a period of at least five years and financing at the level of leading WorldTour teams.

“Since 2022, we started seeking for the opportunity to get involved in the WorldTour. It was very lucky that we met Astana Qazaqstan Team this year in the Shanghai show. During discussions we were sure that Astana was the team we wanted. For the following seasons, XDS will be the strongest backup for the team. We will make sure the team has very enough budget and the best technical support”, – said Yancong Tan, CEO of XDS.

 

“We have been diligently searching for an investor capable of taking the team to a new level of development. We are pleased that the management of XDS fully shares our goals and future vision for the project. During the negotiations, we discussed many topics, and our views on the development of the team completely coincided. XDS is ready for long-term investment, which, among other things, will include technical partnership with a new bicycle brand. We understand that the team and the entire project as a whole will face some significant changes, but we are ready for this. I am very happy to be part of this project and look to the future with great enthusiasm”, – said Alexandr Vinokurov, General Manager of Astana Qazaqstan Team.

About XDS:

XDS owns one of the largest bicycle manufacturers in the world, with an annual production capacity of 10 million units. It is the first professional manufacturer in mainland China that integrates design, research and development, production, and sales of cycling products.

Photo credit: @SprintCycling