China: Lifan to set up new production facility

Chongqing, China-based vehicle manufacturer Lifan Group has signed an agreement with Liangqiang New Area to invest Yuan 3.5bn (US$532.5m) to set up a passenger vehicle production facility. According to a report carried by Cnr.cn, this facility will be located at Liangqiang New Area's Longxing Industrial Park in Chongqing. Construction of this Subscribe to Automotive World … Continued

• By Webmaster
• January 28, 2011