Lifan will acquire Anhui Huayang Auto immediately to produce series of mini commercial vehicles. Huayang Auto Manufacturing Co., Ltd. is a private complete auto enterprise located in Wuhu city, Anhui province, and it has the production list of complete autos, and its major product is a series of mini commercial vehicles. In 2004, this company will market about 5,000 mini commercial vehicles.
This year, Lifan has become the shareholder of Yunnan Dali Junma Auto Company by 250 million yuan cash and resources, in the meantime, this company has also invested in engineering vehicle project in Sichuan. Lifan has owned the full complete production chain including saloon cars, commercial vehicles, and special vehicles.
Reported by BidLink