In 2021, Lifan Technology ended with a year-on-year increase of 258.42% and sales of 3810 new energy vehicles, and a year after Geely took over, Lifan has been fully resurrected.
It took only one year from taking over to resuming production, and Lifan Technology made a model for the bankruptcy and restructuring of car companies. Since January this year, Lifan Technology has been officially listed, replaced the new LOGO, announced the completion of bankruptcy and restructuring, has completed the introduction of new models, production line transformation, get rid of the debt crisis, has quickly "taken off the star and taken off the hat", the first model Maple Leaf 80V off the production line, smoothly resumed production and operation.
A few days ago, Lifan Technology released the sales data of 2021, and the output of new energy vehicles in December was 1302 units, an increase of 2267.27% year-on-year; the sales volume was 1840 vehicles, an increase of 1528.32% year-on-year. In 2021, the cumulative output of new energy vehicles was 3938 units, an increase of 271.86% year-on-year; sales were 3810 units, an increase of 258.42% year-on-year.
In addition to the gradual development of production and sales on the right track, Lifan Technology's financial situation has also recovered. According to the financial report of the first three quarters of this year, Lifan Technology's revenue reached 2.56 billion yuan, a year-on-year decrease of 1.79%; the net profit attributable to the parent company was 49.6361 million yuan, an increase of 101.44% year-on-year. Although this report card is not excellent in the car companies, the signs of recovery are very obvious.
It should be known that the production and sales of Lifan Technology automobiles in the first three quarters have not yet recovered.
Although this part of the sales volume includes a lot of taxi sales, it is undeniable that after experiencing the hustle and bustle of mergers and acquisitions, Lifan has "lived" again, but Lifan is no longer the Lifan of the past. The most obvious mark is that Lifan is no longer surnamed Yin.
"In the old days, Wang Xie Tang Qianyan flew into the homes of ordinary people."
In fact, Lifan's appetite does not stop there. It can also be said that Geely is not satisfied with this.
Recently, Lifan Technology announced that it intends to jointly invest in the establishment of a joint venture with Geely Automobile Holdings, which includes the design, research and development and sales of the whole vehicle, with a registered capital of 600 million yuan and a shareholding ratio of 50% for both parties.
Lifan Technology is still in the recovery period, why set up a joint venture again? It is reported that the joint venture company established by Geely and Lifan mainly provides a complete set of solutions for B-end and C-end users, including power exchange products and power exchange services. The company's business scope is the design, research and development, sales and other business of the whole vehicle.
It is worth mentioning that the vehicle business of the new joint venture company will not be limited to the replacement of electric models, which means that Lifan will not rule out the resumption of the fuel vehicle business in the future, or the development of new hybrid models and enter the mainstream track. Wandering on the edge of the track, only relying on the replacement of electric models, it is difficult to return to the mainstream, only by entering the main battlefield, can we truly restore the glory of the past.
It is understood that the new company will build a power exchange model based on the GBRC power exchange platform, which can adapt to a wide wheelbase range of 2700 ~ 3100mm, covering many categories such as cars, SUVs, MPVs and even logistics vehicles, light trucks, etc., fully meeting the needs of different markets such as online car, private car, taxi, logistics car and so on. At the same time, the latest plan of Geely and Lifan to establish a joint venture company will build more than 5,000 substations by 2025, covering more than 100 cities.
Relying on Geely's production and manufacturing system, Lifan Technology has re-entered the public vision after stepping out of the darkest hour. However, in order to go further and steadier, Lifan Technology also needs to increase product research and development and upgrading to meet consumer and market demand in order to gradually open up the situation.