top of page

Lifan

A Chinese motorcycle and car company with its headquarters in Chongqing is called Lifan Industry Co., Ltd. It was established in 1992 and started producing cars in 2005, using Lifan-developed tiny sedans and microvans that were made under license.

Lifan

Former political dissident Yin Mingshan established Lifan in 1992 as a motorbike repair business with a workforce of nine. Despite a lengthy history of confrontation with the government, the Chinese Communist Party and Mingshan are now on good terms. Initially, the business was known as "Chongqing Hongda Auto Fittings Research Centre." In 1997, the business changed its name to Lifan Industry Group. In 2003, it grew to include bus construction. Lifan was known as "the largest private motorbike producer in China" as of 2004. It was the fifth-largest manufacturer of motorcycles in China in 2009.

Following Lifan's 2003 acquisition of Chongqing Special Purpose Use Vehicle Manufacturing Co Ltd, car manufacturing began in 2005 with the LF6361/1010 minivan and pickup, which were based on the 1999 Daihatsu Atrai. The 520 sedan with a Brazilian Tritec engine, Lifan's first independently built vehicle, went into production in December 2005. As of 2011, Lifan manufactures a range of consumer goods including the subcompact 320, the compact sedan and hatchback 520, the mid-sized 620 sedan, and the X60 small SUV.

In the latter part of 2010, Lifan filed for an initial public offering on the Shanghai Stock Exchange. [5] The exchange-listed company owned by Lifan reported revenue of US$1.83 billion and earnings of US$62 million in 2011.
Lifan entered into an arrangement with Italian motorcycle manufacturer MV Agusta on July 4, 2014, to be MV Agusta's only distributors in China. The F4 RR motorbike is one of many Agusta motorcycles that Lifan presently has on display at a few stores.
As of 2014, the family of the founder, Yin Mingshan, is valued at US$1.3 billion.

At the end of 2017, Lifan's cash balance was 3.1 billion yuan, down to 370 million yuan today. According to documents, Lifan only had 450 million yuan in credit lines out of 25 banks' total credit lines of 12.6 billion yuan. By selling property to the government and its division Lifan Motors to the electric car startup Li Auto, Lifan generated almost 4 billion yuan in 2018.

As of 2020, it was stated that Lifan had assets worth 41.5 billion yuan and debts of 31 billion yuan ($4.4 billion), 60% of which were due within a year. Geely's intention to acquire Lifan has come to light, with the company's primary focus being on the southwest market share that Lifan now controls.


力帆科技
http://www.lifan.com

Lifan Motorcycle-力帆摩托车[官网]
https://www.lifanmotos.net