More on the Lifan/AIG tie up.

Lifan | Ash | February 1, 2008 at 11:36 am

American Insurance Group recently bought a rather large chunk of Lifan, 25% to be precise. The chairman of Lifan, then stated that Lifan will IPO later this year, raising a hell of a lot of money for investment in Lifan. Lifans chairman has outlined the international sales goals for Lifan over the next few years, which is basically, export, export, export, build many new factories!

On a serious note, Lifan plans by 2010 to produce 200,000 cars per year, 200,000 engines per year, and make cars that range from 30,000rmb to 120,000rmb, these will range from tiny economic cars to bigger mid range cars, including SUVs and MPVs for the Chinese markets. The overseas markets will also get a slice of the Lifan pie with Lifan planning on building 4 more factories, namely in Vietnam, West Africa, South Africa, and central South America.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

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