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.
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