Lifan to get into MPV, breadvan business

Lifan | Ash | July 29, 2008 at 1:58 am

According to Chinese media reports, Lifan Automobile, are planning to get into the manufacturing of own brand minivans or breadvans as they are known in China, due to their shape (they look like a loaf of bread).

Lifan are going to invest 1 billion RMB into the new factory, which will be have a total area of 6000 square meters and will produce between 150,000 to 200,000 vehicles per year.

Lifans recent plans for expansion are being funded by their partnership with American Insurance Group (AIG) which will see the two work together to create vehicles, and eventually take Lifan to IPO in China.

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.

Website - More Posts