China Car Forums

China Car Forums (https://www.chinacarforums.com/forum/index.php)
-   Lifan (https://www.chinacarforums.com/forum/forumdisplay.php?f=25)
-   -   Lifan news (https://www.chinacarforums.com/forum/showthread.php?t=440)

Admin 05-18-2006 08:38 PM

Lifan news
 
Two-wheeler maker LML Ltd seems to be close to finalising a strategic partner in the company. Industry sources tracking the development say that Chinese automotive major Lifan, which has been attempting to script an entry into the Indian market for a couple of years now, is learnt to have entered into negotiations with LML to purchase the latter's two-wheeler assets.
LML officials, however, declined to comment on the matter when contacted. Earlier, Mahindra & Mahindra (M&M), which is looking to make a foray into the two-wheeler market, was rumoured to be conducting due diligence for buying LML's assets.
Denies due diligence

LML had, however, officially denied that M&M was conducting due diligence to purchase the plant. Sources point out that M&M is most likely to go it alone to set up its two-wheeler project. According to market watchers, the company is most likely to set up its motorcycles assembly facility adjacent to its three-wheeler plant in Haridwar. They added that M&M has finalised three engine options for its motorcycles.

Stock up by 50 pc
In anticipation of a tie-up, the LML scrip, which hit its 52-week low of Rs 30 on April 28, has jumped by almost 50 per cent since then to close at Rs 43 on the BSE on Friday. The company's promoters had recently issued equity shares to Merrill Lynch Capital Markets Espana S.A and Credit Suisse (Singapore) Ltd.

Halhowdob 09-30-2006 09:42 AM

It is really??

hello 10-01-2006 01:35 AM

yup, according to the article...chinese cars are moving up :)

nirvanaxj 11-16-2006 01:47 AM

some information about this company
 
Ministry Of Commerce Of The P.r.c Announced The List Of Import &export Companies In 2005— Lifan Got Its Title On The Board

Recently Ministry Of Commerce Of The P.r.c Announced The Top 500 Enterprises With Maximum Import&export Amount And Top 200 Enterprises With Maximum Export Amount. In This List, The Standards And Average Scale Of Enterprises Have Been Upgraded; More Energy, Machinery And High-tech Enterprises Ranked Ahead; Most Companies Come From Coastal Areas; Foreign –invested Companies Played A Leading Role.
Besides Ministry Of Commerce Of The P.r.c Announced The List Of Top 100 Chinese Private-owned Enterprises And Top 100 Chinese Enterprises With Maximum Export Amount. Chongqing Lifan Industry (group) Imp&exp Co., Ltd Was Listed On The Board; The Import&export Amount Ranked The 41st And Export Amount Ranked 18th.

Admin 11-16-2006 12:58 PM

welcome to CCF nirvanaxj :)

CCF mod 01-15-2008 08:23 AM

Lifan puts 5 year 100,000km guarantee on all models!

Quote:

Lifan have been in the auto making game for a mere two years, and already they are starting to threaten their larger rivals. To boost sales, Lifan previously offered all car buyers in 2008 free maintenance for a period of 2 years, or 35,000km, which ever comes first. In addition to that rather generous offer, Lifan has offered 2008 buyers a five year guarantee on its products, upto 100,000km.

The market in which Lifan is situated (40,000 to 90,000rmb market) is a cut throat area, there are a plethora of cars in that sector from domestic brands (Chery, FAW, Geely etc), and foreign brands (Nissan, and Suzuki both make sub 100k cars for Chinese consumers). So Lifan really needs to stand out from the crowd, both with its products, and services.

If anyone was to buy a Lifan car this year, they are sure to be well looked after by the Lifan sales and services team, who have strenghted their service network across the PRC.
source: China Car Times

CCF mod 01-30-2008 11:56 AM

American investment Co. buys 25% of Lifan.

Quote:

In recent years there has been a trend of Chinese companies buying up ailing western companies, there was Nanjing MG and Rover, Chinese banks buying stakes in Barclays bank, and then the Indians were at it too; The British company, Corus Steel was taken over by an Indian billionaire - its a reverse colonization of sorts, instead of moving people in, you move your money in, it becomes an economic empire.

Recently the American insurer, AIG, bought a 25% stake in Lifan reversing the above trend. Lifan plans to IPO on the (Shanghai) A-market soon, with hopes of raising an extra 1 billion RMB to fund their extensive plans for taking their cars to all corners of the world. Lifan is planning on increasing their production capacity to 500,000 vehicles per year by 2010, this year they plan on making a more modest 60,000 vehicles for the domestic markets. Lifans second plant in Chongqing will be churning out cars later this year.
source: China Car Times

CCF mod 05-16-2008 09:30 AM

China's Lifan expects to sell 800 cars in Peru in 2008.

Quote:

May 16, 2008 - Privately-owned Chinese motorcycle-maker Chongqing Lifan has officially started to sell its own brand sedans in Peru and it is expecting 800 units will be sold by the end of this year.

Yang Ding, Lifan's representative in Peru, said the automaker began the trial sale of its Lifan 520 sedan early in February. To date, 150 units have been sold off, an impressive achievement compared with other Chinese brands sold in the Peri market.

Powered either by natural gas or fuel, the Lifan 520 mainly targets Peri's local taxi market. Lifan will offer its customers a two-year or 50,000km new vehicle warranty in Peru.

Local sales agency Altos Andes will act as Lifan's distributor in Peru. Altos Andes is the exclusive distributor of South Korea automaker SsangYong, and last year it sold 410 SsangYong vehicles in Peru.

Currently Lifan exports vehicles and motors to some 50 countries worldwide. Last year the company sold 49,809 Lifan 520 cars in China and it aims to sell 80,000 units in 2008.
source: Gasgoo.com

CCF mod 07-24-2008 09:16 AM

China's Lifan opens first dealership in Nepal.

July 24, 2008 - Chinese motorcycle and automotive manufacturer Lifan Group has opened its first authorized dealership in Nepal's capital, Kathmandu.

China's ambassador to Nepal Zheng Xianglin attended the launching ceremony for the store. About 20 Lifan vehicles will be sold locally in the first stage.

Currently Japanese and Indian brand cars capture most of the auto market in Nepal. Chinese automakers including Chery, Geely, Zotye and Great Wall also sell vehicles in the country.

Lifan is expanding aggressively in the Southeast Asia region, where the Chinese carmaker also plans to invest US$50 million in a factory that would be capable of producing 50,000 cars per year.

http://www.gasgoo.com/resource/edito...in%20Nepal.jpg
From:Gasgoo.com

CCF mod 07-28-2008 10:43 AM

Lifan Group to invest 1 bln yuan in minibus project.

Quote:

July 28, 2008 - China's motorcycle and automotive maker, Lifan Group recently announced the company has launched the minibus project officially with a total investment of 1 billion yuan ($147 million), according to autosina.com. The project is expected to start production in September 2009.

The new minibus facility will be located at Bishan County of Chongqing, covering about 6,000 square meters with a total investment of 1 billion yuan. The plant will achieve an annual production capacity of 150,000 to 200,000 units after its construction is finished. More than that, the 1.8 billion yuan engine factory by Lifan is also started and is expected to be completed next year.

The new minibus facility is reportedly an all-new project by Lifan Group with its own independent investment. Its own-made minibuses will be the major products to be made at this facility ranging from mini passenger vans to mini-trucks.

A brand new 1.3L engine made by Lifan will power the first minibus model. The powerplant, boasting high output and low fuel consumption, is different from that of similar vehicles in the market. The new model is expected to go on sale in September 2009.

Several days ago, Lifan Group signed a joint venture (JV) agreement with the AIG which paved the way for Lifan's planned IPO and will see the two parties collaborate in passenger car, engine, motorcycle and foreign business.

Lifan aims to add 4.5 billion yuan to its investment and to target an annual capacity of 400,000 to 500,000 units by 2015.
http://www.gasgoo.com/resource/edito...0%E5%9B%BE.jpg
source: Gasgoo.com


All times are GMT -5. The time now is 01:23 PM.

Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.