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Yesterday, Lifan Motors announced in Chengdu, Sichuan that Lifan will enter the heavy truck business through multi-shareholder cooperation. Up to now, the Lifan heavy truck Guizhou base has been completed by the capital construction, and the workshop area is 440,000 square meters.
At an earlier shareholder meeting, Yin Mingshan, chairman of Lifan Motors, stated that by the end of this year, with the commissioning of the company's second-phase car project and the completion of a number of fund-raising projects, Lifan will have 250,000 vehicles and automobiles. The production capacity of the engine has a production capacity of 1 million motorcycles, 2 million motorcycle engines and 1 million Taiwan-based machines.
In January 2006, the Lifan 520 sedan was listed on the global market, marking Lifan Group's formal entry into the automotive industry. Five years later, on November 25, Lifan was formally listed on the Shanghai Stock Exchange and became the first private car company to land on the domestic A shares.
According to the news, Lifan Automobile Co., Ltd. Microcar Company has invested 700 million yuan to establish a mini vehicle production base in Tongxin Industrial Park, Beibei District, Chongqing. The factory occupies an area of ​​300 mu and has an annual production capacity of more than 50,000; it is only 37 kilometers away from Chongqing. The Daishan County has invested 1.2 billion and is building a mini-vehicle park covering an area of ​​957 acres. After the completion of the first phase of the project, it will reach an annual capacity of 100,000 micro-vehicles. The micro-vehicle industrial park will be completed with an annual output of mini-vehicles. 10,000 cars.
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Lifan Group is one of the largest private enterprises in China and was established in 1992. After 17 years of hard work, it has rapidly developed into a large-scale private enterprise that integrates R&D, production, and sales (including exports) of automobiles and motorcycles, and invests in the financial industry. In 2007, Lifan Group reported a sales income of RMB 12.16 billion, 3.06 million units of engine production and sales, and foreign exchange earnings of USD 409.6 million, with 4061 patents.