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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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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.
 

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

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
 

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American investment Co. buys 25% of Lifan.

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
 

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

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
 

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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.


From:Gasgoo.com
 

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Lifan Group to invest 1 bln yuan in minibus project.

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.

source: Gasgoo.com
 

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lifan cars in phillipines is denting toyota sales

its a start


Chinese, Korean cars make a dent in local market
By Elaine Ruzul S. Ramos

Market leader Toyota Motor Philippines Corp. said yesterday it expects sales growth to slow down further next year as the influx of cheaper Chinese and Korean cars continue to take its toll on more pricey Japanese automotive brands.

Daniel Isla, first vice president for marketing and sales, said full-year sales this year would grow close to 10 percent, slower than the 18-percent year-on-year rate in 2007.

“We are targeting this year full-year sales to hit close to 10 percent,” he said.

Toyota last year sold 45,091 units, up 18 percent from 38,258 units in 2006.

“We have targeted a modest growth between 3 and 5 percent for next year. The entry of cheaper models from China and Korea has expanded the domestic market. We always welcome competition because it makes us work harder,” said Isla.

He said the entire industry had posted double-digit growth year-to-date but Chinese and Korean brands had been steadily eating into the respective market shares of the more expensive Japanese, American and European passenger cars.

Hyundai Asia Resources, local distributor of the Korean car, has displaced established brands like US-based Ford Motor Co. in terms of sales. It ranked fifth in the latest report of the Chamber of Automotive Manufacturers of the Philippines Inc. with a 5,064 units sold and a corresponding market share of 6.9 percent in the first seven months of the year.

Another Korean brand, Kia, has been introduced in the Philippines since the 1990s.

Chery Automobile, China’s biggest homegrown automaker, opened its first dealership in the Philippines in September last year. Other Chinese cars that will be launched in the Philippines this year are Lifan, Foton, Chana, Kama, Jac and Chang-An.

Toyota still leads the market with 26,414 units sold from January to July and a market share of 36 percent.

“The market is shifting to low displacement engines. Sales of big sports utility vehicles now are affected by high fuel costs. At Toyota, we always advertise our technology, of fuel-efficient engines that we have in our vehicles,” said Isla.

Sales of Toyota’s sub-compact vehicle Vios, he added, remained strong with the shift in market preference for vehicles with smaller engines.

Its multi-purpose vehicle, Innova, which is diesel-fed, is also one of its best-selling models amid its quality, performance and durability.
.manilastandardtoday.com
 

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Kenya: New Car Model Enters the Kenyan Market

17 August 2008


Nairobi

A new brand of car, the Lifan 520, has entered the Kenyan market.

The model is expected to inject competition in the 1300 -1600 cc class of saloon cars where pricing is crucial.

Retailing at Sh995,000, it has a two-year warranty and is being launched by Auto Mart Ltd, a member of the Associated Motors Group.

Kenya joins the league of 50 countries to which the Lifan has been exported.

The car has also been marketed in France, Germany, Algeria, Nigeria, Spain, Brazil, Colombia, Russia, Ukraine, Vietnam and Iran among others.

It boasts of 18-20 km per litre to the fuel. Other features include front airbags, ABS braking and power steering.

http://allafrica.com/stories/200808180032.html
 

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LIFAN enters Lybian market.
LIFAN cars made a first appearance in the 37th “Tarabulus international exhibition” on April 2nd, 2008.

LF520 with national engine of 1.3L appeared in exhibition impressively and obtained highly attention and appraisal which attracted visitors in and endless stream. Huang Jiemin, Chinese ambassador to Libya, appeared in person for visiting and directing.

It was acknowledged that there was no exclusive agency in Libya of LIFAN. LIFAN planed to raise recognition in Libya depending on Tarabulus international exhibition, preparing for entering into Libya market.



LIFAN Auto Landed in Peru.
Recently, LIFAN auto has landed in Peru and went into the market formally. The main type sold in Peru is LF520 of gasoline and CNG. The sales representative in Peru is ALTOS ANDES who represents for many international auto manufacturers, SSANGYONG MOTOR of which sold 410 units in total last year and gained excellent achievement in Peru. ALTOS ANDES was confident for LIFAN cars in Peru and respected to finish 800 units in 2008.

Yang Ding, delegate from LIFAN in Peru said, for best carrying the Peru market, LIFAN was trying to sell cars in February without any advertisement and finished the sales of 150 units, which was a good achievement for LIFAN compared with other Chinese brands which only finished the sales of more than 100 units within one year. The purpose of LIFAN was to mark the first among the Chinese brands in Peru.

LF520 of gasoline and CNG are mainly facing taxi market in Peru. LIFAN designed particularly depending on Peru market because the policy of spreading CNG and offered warranty of two years or 50,000 km. LIFAN as symbolic enterprise in Chinese motors and motorcycles exported in forty countries and beyond fifty at the end of this year. In South America, LIFAN cars were exported in Colombia, Venezuela, Chile, Peru and Uruguay. They were preparing for certification in Brazil and Argentina and entered in a short time.

source: Lifan.com
 
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