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#1 ·
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.
 
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#28 ·
"Good morning, Manila!" That was the first sentence from Wang Juhui, a representative from China-based Lifan Motors, at the launch of the auto brand's first showroom in the Philippines' capital of Metro Manila.

With the young and energetic assistant general manager, there came the LF520 mid-size sedan, a car model exported to more than 50 other countries, including Australia, Germany, Spain, Russia, Vietnam, Iran, Chile and Venezuela.

Dubbing LF520 as a "World Car," Wang said that the engine was designed by the renowned automobile design firm Ricardo Plc. Based in the United Kingdom. And Italian designers were employed by the manufacturer so that the model became top of the line in the looks department.

"We want to keep the design of the car sleek and stylish to appeal to the young at heart. It is loaded with features that will definitely appeal to the adventurous spirit," said William Agcaoili, general manager of Lifan Cars Philippines, the manufacturer's partner in the Philippines.

Lifan Motors, a motorcycle manufacturer-turned car company like Honda, entered the global passenger car industry in March 2007 with the release of the LF520 in Vietnam. In 2008, the company sold over 20,000 units in markets outside China.

Today, it "sailed" to the Philippine archipelago to seek new opportunities. As explained, the Lifan logo means "powerful sailing boat."

Last year, the Philippines posted a 5.6-percent growth of auto sales despite the global financial crisis. The sales reached 124,449 units in 2008, compared to the previous year's 117,903.

"We are bringing the LF520 in the Philippines so that Filipinos can also enjoy our world-class vehicle which is priced more affordably," said Nelson Ong, president of Lifan Cars Philippines.

The price is expected to be set around 500,000 pesos (10,600 U.S. dollars) for the 1.3-litre model.

"We sell the cars at very, very affordable prices," said Agcaoili, when talking about what is the Chinese brand's competitive edge to grab a share in the market dominated by Japanese cars.

Meanwhile, the quality, safety and comfort of the vehicles will not compromised, he added.

Ong believes that his company will enjoy commercial success in the Philippine market.

"We are confident that the entry of Lifan Motors will help revitalize the local domestic industry as it gives car buyers more choices," he said.

Besides the LF520, Lifan plans to introduce three more models to the local market this year, namely, LF320, LF620 and a sports utility vehicle.

"We believe that it will appeal to the young urban professionals and younger car enthusiasts, which comprises a large chunk of buyers in the local market," Agcaoili said.

However, Lifan sets a sales goal of no more than 1,000 units for this year.

"To buy a car is quite a big deal, so many customers will take a wait-and-see attitude, especially when it comes to a new brand," said Wang.

"But the sales volume will go up as Filipino buyers find confidence in our products," said the smiling Chinese businessman.

January 31, 2009, gasgoo.com
 
#29 ·
Lifan Auto to launch first minivan model in 2010.

February 23, 2009 - Chongqing Lifan Automobile Co will begin to launch its first minivan model next year, the Beijing Times reported Monday, citing an informed company source.

The upcoming minivan is likely to be powered by a 1.3L engine and will carry a retail price of 40,000 yuan ($5,853), according to the report.

The company started construction of a 1-billion-yuan minivan facility last July in Chongqing. This facility is set to achieve an annual output capacity of 150,000 to 200,000 units after production starts this September.

Lifan, which has made a name for itself as maker of motorcycles as well as truck and bus engines, began automobile production in 2006 in China responding to the then global demand for quality but affordable vehicles.

from Gasgoo.com
 
#30 ·
Lifan Auto secures $200 mln global orders

March 13, 2009

Shanghai, March 13 (Gasgoo.com) Chinese carmaker Chongqing Lifan Automobile Co announced it has signed deals valued about $200 million with more than 100 distributor and dealers from 27 countries, xihuanet.com said today.

Yin Mingshan, founder and head of the Lifan Group, said Lifan Auto plans to speed up its expansion in the overseas markets.

Though faced with the global financial crisis, Lifan Auto exported about 20,000 vehicles to 53 countries in 2008, up 279% year on year(y/y), with sedan exports up 286.48% y/y. The automaker ranked No. 3 spot among Chinese private carmakers in last year's exports.



Lifan Auto has completed the construction of CKD assembling plants in Russia, Vietnam, and Iran, and SKD assembling plant in Ethiopia. The carmaker is also set to finish its Uruguay CKD plant, its fifth overseas plant for exploring South American market, by the end of this year.

Lifan Auto, founded in 1991, started as a motorcycle company and now has the capacity to produce 2.5 million motorcycle engines and 1 million motorcycles annually. In August 2003 Lifan announced its intent to enter the automotive sector. In early 2006 Lifan produced its first passenger car, the Lifan 520.

http://www.gasgoo.com/auto-news/1009635/Lifan-Auto-secures-200-mln-global-orders.html
 
#31 ·
Antonov goes together with Lifan.
Finally!
Antonov plc has signed a cooperation agreement with China Chong Quing Landai Industries Co. Ltd. Ltd. Together they will invest up to € 2 million in new development projects with other manufacturers, including Lifan. The Chinese Lifan it participates in the construction of prototype demonstration vehicles.

That was last Tuesday announced. The agreement ensures that Lifan in the engineering program will involve the Antonov TX-6 automatic gearbox to produce. The first step is Antonov to the TX-6 prototype in two Lifan cars to build. It is expected that six months will take, writes fd.nl.

At the end of March was a collaboration announced in Sichuan Jianghan Industrial Group Co Ltd.
source:
http://www.autoblog.nl/archive/2009/06/04/antonov-gaat-samen-met-lifan-produceren


The First 4S Store of Lifan Motors Opened in Syria
As reported from Xinhua News Agency in Damascus on May 31st, the first 4S store of Lifan Motors in Syria held an opening ceremony. Secretary of Syrian Transportation Mr. Belder and Chinese Ambassador in Syria Mr. Li Huaxin cut the ribbon together.

As reported, the 4S store is located at Harasta automobile sales center which is 30km far away from Damascus, the capital of Syria. The marketing hall of Lifan Motors is the one with long history and high fame popularity of which the area is over 800 m2 owning dedicated sales center, after-sales service center, reception center and so on. And the area of after-sales service station is over 1000 m2 which owns complete maintenance equipment.

Lifan Motors announced 4 models during the opening ceremony, they were Lifan620, Lifan520, Lifan520i and Lifan320 covering three series of A0 class, A class and B class which all met the requirements of consumers in Syrian market. Besides, LIFAN is busy preparing to introduce minivan, SUV, MPV and ACS to Syrian market gradually. Introduced by Mark Timber, the vice president of Lifan Group, ALSULTAN Group is the general distributor of Lifan Motors in Syria. Since the signature of exclusive distributor agreement in November 2008, ALSULTAN has established 13 regional distributors and after-sales service platforms and established the first 4S store of Lifan Motors. Meanwhile, ALSULTAN plans to establish LIFAN 4S stores in Aleppo, the second largest city in Syria and Holmes, the third largest city in Syria including 2S and 3S stores established by secondary distributors. Lifan Motors has completed establishing 15 sales and service network in all. Mark Timber said, with the establishment of 3 4S stores and 13 regional distributors, Lifan Motors will have a complete marketing and after-sales service platform and network in Syria. Therefore, the completion of 4S store symbols that Chinese national sedan brand has reached a new start and height. So far, nearly 1200 Lifan cars have been sold in Syria and Lifan Motors plans to sell over 10,000 cars in Middle East this year and 30,000 in next 3 years.

The ceremony is very passionate that Ambassador Mr. Li Huaxin and secretary Belder actively test drove Lifan620, Lifan320, Lifan520 and Lifan520i. They were interviewed by many Medias. They gave a high praise to the pattern, appearance, inner trim and workmanship of Lifan cars and also much appreciated the outstanding work of ALSULTAN Group. As learned, LIFAN plans to establish automobile assembly plant in Syria to export LIFAN cars to another country.
source: lifan.com
 
#32 ·
Lifan Auto secures $14-mln contract from Philippines

August 12, 2009
Lifan Group, one of China's biggest motorcycle makers and now diversified into car production, has secured a 100 million yuan ($14.6 million) contract from the Philippines government for its 520 sedans, the Shanghai Securities News reports Wednesday.

This contract is the largest deal Lifan has ever won in its history. Under the contract, Lifan will export 2,000 units of its 520 sedan to the country to be used as taxis.

The mid-class 520 sedans are powered by either a 1.3-liter engine or a 1.6-liter engine and Lifan said it sells at about $10,600 in Philippines market, much cheaper than other imported models sold in the country.

The company has set up 10 sales offices in the Philippines in partnership with a Filipino vehicle importing firm.

source: Gasgoo.com
 
#35 ·
Lifan completed construction of assembly plant in Uruguay. Vehicles build there will be exported to Brasilian market also.
http://www.noticiasautomotivas.com....-uruguai-e-aposta-alto-no-mercado-brasileiro/

Since Lifan Group went in for sedan manufacturing, overseas plants building has always been its key strategy. From 2007, Lifan has marked out the great blueprint for establishing assembly plants worldwide in Europe, Asia, Africa and America. Automobile assembly plants have been established in Vietnam, Russia, Iran, Ethiopia and Azerbaijan in succession. Recently, the assembly plant in Uruguay of Lifan Motors has been built and put into production.

The design capacity of the assembly plant in Uruguay of Lifan Motors is 40,000 units. The plant mainly assembling Lifan320 and Lifan620. The first batch units are estimated to offline at the end of April.

The plant in Uruguay of Lifan Motors has been greatly supported by local government which is also a fabulous achievement for Chinese brand at abroad. Lifan person says, Lifan Motors will make full use of FTA (Free Trade Agreement) signed in Uruguay and South American countries to enter South American Common Market—MERCOSUR.
 
#36 ·
Lifan brand entered Peru. The Chinese company will offer their complete range of vehicles. Lifan 320 will sell from $4,190,000 to $4,990,000 in four trim levels. Air conditioning is not standard in basic models. The selling price of Lifan 520 which is powered by 1.3 or 1.5 l engines ranges between $4,490,000 and $4,990,000. The most expensive car is Lifan 620 which costs $6,690,000 and offers among others dual airbags, ABS with EBD, AC and rear parking sensors.
In the second half of 2010 Lifan will also launch minivan. All vehicles have a 2 years or 50,000 km warranty and a road assistance service throughout the warranty period.

http://www.autocosmos.cl/noticias/23498/lifan-320-llego-a-chile-en-cuatro-versiones.aspx





 
#38 ·
Lifan and Subaru in talks over possible JV

From China Car Times:
The rumors of who Subaru are planning to work with in the Chinese market to build a new joint venture partnership are getting out of hand, first it was Ford’s partner in JMC, then BAIC, SAIC, FAW, and a whole host of other acronym-ed named auto makers, the latest to be added to this list is Chongqing’s own Lifan.

Lifan are currently making the 320, 520 and 520 models for the Chinese market, and has its own engine range. Its not entirely clear what Lifan might bring to Subaru that Subaru cannot get from larger state owned manufacturers, but one guess might be cheap land and an existing factory.

Lifan is one of the stronger engine exporters and is a major motorbike manufacturer, it is also a privately owned company that is yet to IPO.
 
#43 ·
Lifan returns back to the Ukrainian market, seriously and permanently.

Bogdan Corporation and China's Chongqing Lifan Industry (Group) signed a long-term contract for exclusive distribution of the whole range of vehicles Lifan in Ukraine.

As reported by Interfax-Ukraine "press-secretary Sergey Krasulya Corporation, in the second quarter of this year in sales and service network," Bogdan "will begin selling and servicing cars. Sales plan for the current year provides for the implementation of about 750 cars under the brand name "Lifan".

Source: http://ukrautoprom.com.ua/index.php?option=com_content&task=view&id=594&Item id=1
 
#44 ·
Lifan's Iraqi knockdown factory officially opens


June 08, 2011
Lifan Automobiles's knockdown factory in Iraq has officially begun operating earlier this week, auto.sohu.com reported today. Lifan, one of China's leading motorcycle manufacturers, has already established similar factories in Vietnam, Ethiopia, Russia and Uruguay, among other countries.

Lifan has been selling vehicles in the Middle East for several years now, with its Iraqi partner Zamazam Spring covering 60 percent of the country's market. Zamazam Spring has sold over 2,000 vehicles since 2009.

Lifan begun its international venture in 2007, and now has sales branches in Australia, Germany, Russia, Brazil and over 50 other countries. Its businesses overseas have helped net Lifan over 60,000 in sales.

http://autonews.gasgoo.com/china-news/lifan-s-iraqi-knockdown-factory-officially-opens-110608.shtml
 
#45 ·
Lifan will soon present upgraded versions of 320 and 620 models , renamed Lifan 330 and 630 respectively.
Lifan 330 will get completely redesigned front and interior design and LED day-time running lights.
Lifan 630 with its ''X-type'' front grille will follow latest design style introduced by Lexus. Interior is also going to be refreshed.

http://www.autohome.com.cn/news/201304/502650.html





 
#48 ·
Perhaps a replacement for the Lifan 620. Perhaps the Lexus-styled 620 will be a facelift for the 2008 Lifan 620 and these models will be a new Lifan 620. Just think about the Buick Excelle, previous generation is still in the market and selling well while new Excelle (GT and XT) is sold at same time. Also the same for the BYD F3 and the BYD F3 Si Rui for example.
 
#49 ·
Lifan Joins Hands with Brilliance to Jointly Explore South American Market

On November 12, Lifan Motors and Brilliance Auto signed the strategic cooperation agreement in Uruguay, jointly exploring South American market. Both sides will bring their superiorities into full play and carry out the cooperation in the aspect of manufacturing and market, boosting Chinese cars prosperity in South America, and realizing the capacity sharing between private enterprise and state-owned enterprise.

At the signing ceremony, the vice president of Uruguay Lucía Topolansky, Chinese ambassador to Uruguay Wang Gang, the minister of the Ministry of Labour Ernesto Murro, the minister of the Ministry of Industry Guillermo Moncecchi, the governor of San Jose José Luis Falero, the board chairman of Brilliance Auto Yan Bingzhe, Chief engineer Gao Weimin, genereal manager of Brilliance International Trade Company Zhang Hui, the vice board chairman of Lifan Group Wang Yanhui, vice president Deng Xiaodan, vice president and chief engineer Ren Yajun were present at the signing ceremony.

Accord with the agreement, Lifan, based on the advantage of the factory in Uruguay, will share 18000 cars capacity in total with Brilliance Auto within three years. The first year is 3000 units while the second is 5000, and the third is 10000.

There has been long-standing friendship between Uruguay and China. As the southernmost country of the Belt and Road, Uruguay is not only border on Brazil and Argentina which are the top 2 vehicle sales in South America, but also signed the vehicle bilateral agreement with both countries, which enjoys the duty-free car export policy. The blessed geographical location, preferential auto industry policy and sound business environment makes Uruguay become the bridge tower for Chinese cars entering South American market. This is why Lifan chose to establish factory in Uruguay early in 2012. Relying on its advantage for assembling cars in Uruguay, Lifan has exported to Brazil and Argentina with duty free, and cover the sales among the whole South American market.

The main target market of Brilliance Auto in South America is Brazil in the mode of CBU export, which means that they have to pay 35% tax. But after sharing the capacity with Lifan factory, the cars manufactured will be deemed as the local product. In light of the vehicle bilateral agreement of Uruguay and Brazil, Brilliance can export their products to Brazil without tax.

As the largest private import and export enterprise in Chongqing, Lifan always sticks to Going Out and is actively in response to the Belt and Road. Make overall arrangement overseas and deep exploring. By now, Lifan has established auto and motorcycle manufacturing bases in over 10 countries including Vietnam, Thailand, Russia, Ethiopia and Uruguay.

Through years of hardworking, Lifan has achieved a lot along with the Belt and Road which has been top 1 sales in Russia among Chinese auto brands for 7 consecutive years, top 1 sales in Ethiopia for 8 consecutive years, and top 1 sales in Brazil for 2 consecutive years.

Brilliance Auto is the renowned brand and main force in Chinese auto industry which owns three independent brands including Zhonghua, Jinbei and Huasong as well as two joint-venture brands Brilliance-BMW and Brilliance-Renault, of which the products cover passenger vehicle and commercial vehicle field. And it also owns four listing companies, six vehicle manufacturing enterprises, four engine manufacturing enterprises and several parts manufacturers. Brilliance also establishes factories along the countries of the Belt and Road.

The cooperation between Lifan and Brilliance is the convincing witness for jointly launching high-quality development under the initiative of the Belt and Road, and also stands forward for Chinese private enterprise and state-owned enterprise jointly exploring overseas market.

http://www.lifanmotors.net/news/lifanNews/2019-11-13/329.html
 
#50 ·
https://autochina24.ru/2020/05/06/lifan-4/

Lifan's business seems to be getting better. In the first quarter of 2020, the company significantly reduced its losses. Meanwhile, the brand's owner, 82-year-old Yin Mingshan, handed over the business to his granddaughter, a 25-year-old graduate student. This was unexpected even for local media. There are still no photos of the girl. We found, perhaps, the only picture of Yin Anne in social networks. All that is known about the girl: she graduated from the University of California, Irvine with a degree in Economics, but continues to study in graduate school. According to Yin Mingshan, over the past year, his granddaughter has already learned about the company's business. But now it will return to China from the US and deal with it more closely.

 
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