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Lifan Group

Updated: Jun 17, 2019 govt.chinadaily.com.cn Print
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A Lifan 820 EV is displayed during the 2018 Moscow International Motor Show at the Crocus Expo exhibition center in Moscow, Russia on Aug 29, 2018. [Photo/IC]

Lifan Group, a homegrown motorcycle maker, is one of the nation's largest non-State-owned automakers and a beacon of China's reform and opening-up efforts.

Founded in 1992, Chongqing Lifan Holdings Co Ltd. (Lifan Group) is one of the country's biggest private enterprises engaged in automobile products, financial securities, and real estate.

By the end of 2017, Lifan had 15,000 employees and 23 plants, including seven in countries such as Russia, Vietnam, Ethiopia, and Uruguay. Its products have been sold in 140 countries and regions.

True to its commitment, Lifan invests more than 6 percent of its revenue in R&D annually. It has two national level research centers for cars and motorcycles. It has also applied for more than 10,000 patents in 35 countries and the European Union.

In 2010, Lifan worked with the electric car research center of the Chinese Academy of Sciences to produce new energy cars and its first model, the Lifan 620, was used as a security vehicle at the 2010 Shanghai World Expo.

Also in 2010, Lifan went public and was listed on the Shanghai Stock Exchange, the first Chinese private car maker to do so.

In the coming years, Lifan will narrow its focus to concentrate on vehicle production and further expansion in overseas markets, as well as continuing to make traditional diesel and petrol cars, new energy cars, and hybrid electric vehicles.

Address: 1539 Jinkai Avenue, Yubei District, Chongqing

Official Website: http://www.lifanmotors.net/

 

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