Jiwei Network News (Wen/Wu Jiaxi) On February 9, Lifan Technology issued an announcement that the total sales of cars in January 2022 were 1902 vehicles, an increase of 1661.11% year-on-year; the total production of automobiles in January was 329 vehicles, an increase of 181.2% year-on-year; the cumulative sales volume this year was 1902 vehicles, an increase of 1661.11% year-on-year. By model, a total of 1902 new energy vehicles were sold in January, an increase of 1677.57% year-on-year; other models sold a total of 0 vehicles, a year-on-year decrease of 100%. In addition, the announcement also added that the sales volume of new energy vehicles includes models produced by Zhejiang Geely Automobile Co., Ltd. and sold by Lifan Technology.
Previously, Geely Automobile Hong Kong Stock Exchange announced that the joint venture company established with Lifan Technology has completed the industrial and commercial registration procedures and obtained a business license issued by the Market Supervision and Administration Bureau of Liangjiang New Area, Chongqing, China, which is named Chongqing Ruilan Automobile Technology Co., Ltd. (hereinafter referred to as "Ruilan Automobile"). In the future, Ruilan Automobile will launch a variety of power form products. Based on self-developed power exchange technology, Ruilan Automobile is committed to creating an intelligent power exchange ecology and providing competitive power exchange products and services for the market.
According to public information, Lifan Technology is mainly engaged in the research and development, production and sales of passenger cars, motorcycles, engines and general gasoline engines (including exports). The business model is mainly based on its own/authorized brand products for market sales, through domestic sales and overseas sales of two channels, domestic sales mainly use the dealer model, overseas sales using the dealer + direct sales company model.
Lifan Technology's main business in the automotive field is new energy vehicles, the first new energy replacement model is the replacement type pure electric B-class MPV model 80V, the standard cruising range of 415 kilometers, in the power exchange efficiency using a flat battery pack design, can achieve 60 seconds to change the power. Lifan Technology previously said that it will also launch a number of new models to adapt to market demand.
It is reported that Lifan Technology will introduce intelligent, platform-based and electrified vehicle business in the future to create a new ecosystem of new brands, new technologies, new formats and new models of intelligent power-changing new energy vehicles. In terms of brand building, Lifan Technology will rely on the brand support of Geely Technology Group and create a new brand by the professional team of industrial investors. In terms of motorcycles, Lifan Technology will continue to deepen and cultivate, increase product research and development and innovation, do excellent and fine medium and large displacement products, and accelerate the use of EFI technology.
(Proofreading/Andy)