Lifan Technology's sales of new energy vehicles in December 2021 continued to grow month-on-month

Shanghai Securities News China Securities Network News Lifan Technology announced the December 2021 production and sales express report on the evening of January 4, the company's new energy vehicle production and sales were 1302 and 1840 vehicles, respectively, a year-on-year increase of 2267.27% and 1528.32%; so that the company's cumulative production and sales of new energy vehicles in 2021 were 3938 and 3810, respectively, an increase of 271.86% and 258.43% year-on-year.

Although the above data still looks "insignificant", this is the third consecutive month of month-on-month growth of the company since the production and sales of new energy vehicles gradually returned to normal in October last year. From October to December last year, the company's new energy vehicle sales were 523, 1140 and 1840 units, respectively, and the month-on-month growth rates in November and December reached 117.97% and 61.40% respectively.

It is understood that after the completion of the reorganization in February last year, the introduction of Manjiang Red Fund and Geely Technology as strategic investors and industrial investors, after the transformation of the production line and the introduction of models, lifan technology's first new model of power exchange - Lifan Maple Leaf 80V was mass-produced in Chongqing factory in May; soon, under the preparation and efforts of many parties, the first batch of Lifan Maple Leaf 80V replacement taxis were successfully delivered.

On December 13 last year, the company announced that it intends to set up a joint venture company with a registered capital of 600 million yuan with Geely Automobile Holdings Co., Ltd. in the direct management area of Liangjiang New District, Chongqing, with 50% of the two sides each, operating vehicle design, research and development, sales (including accessories, parts processing equipment, automotive decoration) and other businesses. Geely Automobile said that it will rely on its systematic advantages and professional capabilities in the whole process of car manufacturing, fully support the management and operation of the joint venture company's car manufacturing business, and jointly promote the transformation and upgrading of Lifan Automobile industry.

Industry insiders believe that this investment is conducive to promoting the transformation and upgrading of Lifan Automobile industry, focusing on the research and development, sales and operation of complete vehicles (including but not limited to power-changing models), promoting the rapid improvement of product market share in passenger cars, and promoting the sustainable, healthy and stable development of the company's future business. (Wang Yi)