Lifan Au stainless steel sheet to wins RMB 100-mln overseas contract
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Lifan Auto wins RMB 100-mln overseas contractPublished: 11 Aug 2009 19:01:04 PST

Top 5 News From ChinaKnowledge.comQingdao Haier H1 net profit hits RMB 665 mlnShenzhen OCT posts RMB 1.31-bln operating revenue for H1Chinese stocks open 0.27% lower on WedChina's urban fixed asset investment rose 32.9% in Jan-JulShanghai Airlines reports RMB 91-mln net loss for H1 Aug. 12, 2009 (China Knowledge) - Chongqing Lifan Automobile Co, one of the leading motorcycle makers in China and now also an auto maker, has won a RMB 100-million contract, its biggest overseas export deal ever, from the Philippines, the Shanghai Daily reported on Wednesday.

Under the contract, Lifan will export 2,000 units of its 520 sedan to the country. The mid-class 520 sedans are powered by either a 1.3-liter engine or a 1.6-liter engine and will serve as taxis.

The company has set up 10 sales offices in the Philippines in partnership with a Filipino vehicle importing firm. The 520 sedan, priced at about US$10,600, is cheaper than other commonly imported models.

Privately-owned Lifan has manufacturing plants in Vietnam, Turkey, Thailand and other countries. It is most commonly known in the Western world for the production of engines used for mini dirt bikes and entry-level motorcycles such as the Lifan TMS200.



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