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Chongqing, China _ A Chinese motorcycle company that began making cars last year says it will buy a BMW engine factory in Brazil if the equipment can be moved to China. ''We dropped the plan last year after the Brazil government said we could not shift the factory,'' said Yin Mingshan, the president of Chongqing Lifan Holdings. ''We're still interested in buying ... if the government changes its mind.''

Chongqing Lifan is seeking acquisitions outside China to spur sales. The company, which will have 18 overseas plants by December, generated two-thirds of its profit outside China last year, he said, without giving figures.

BMW and rival DaimlerChrysler jointly set up the engine plant in Campo Largo, Brazil in 1999 to make 1.6- and 1.4-litre gasoline engines. They export all the engines to global customers that include China's Chery Automobile Co.

Chongqing Lifan, China's largest motorbike exporter, plans an IPO in Shanghai later this year. BLOOMBERG NEWS
 
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