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According to the Financial Associated Press, Lifan said at the second interim shareholders' meeting in 2020: "once the restructuring work is completed, we will first mass-produce the 80V'of the electric MPV' maple leaf of Geely Technology Group."

On November 10, Lifan Automobile announced that on August 21, 2020, the Chongqing Fifth Central people's Court ruled on the reorganization of Lifan shares in accordance with the law, and made (2020) Chongqing 05 Breaking No. 193 "decision" on the same day, designating Lifan enterprise liquidation group as the manager of Lifan shares, responsible for carrying out the restructuring work. In this reorganization, the manager confirmed that Geely Maijie Investment Co., Ltd. (hereinafter referred to as "Geely Maijie") and Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Liangjiang Fund") became intended restructuring investors through public recruitment.

The announcement pointed out that industrial investors will provide Lifan with high-quality industrial resources, including, but not limited to, helping to build listed companies into the only listing platform for the manufacture of electricity-changing models of Geely Technology Group, and choose the opportunity to inject the medium-and high-end intelligent network connection power exchange business into the company through asset restructuring into the production of new energy vehicles encouraged by the state, opportunities for the integration of automobile and Motocom industry, industrial technical support, and so on.

Data show that Geely Maijie Investment Co., Ltd. was established on October 27, 2015, the legal representative is Xu Zhihao, the scope of business includes industrial investment; investment consulting, fiduciary enterprise asset management. In the company's shareholder information, Geely Technology Group Co., Ltd. holds 99% of the shares, while Hangzhou Geely Technology Co., Ltd. holds 1%. Therefore, the actual control is Li Shufu.

Lifan shares continued to decline in the passenger car business, resulting in huge losses, huge debts and other situations, and finally embarked on the road of bankruptcy reorganization, facing two situations of reorganization and liquidation. Geely as the first brother of its own brand, participating in the restructuring of Lifan shares is expected to help Lifan to achieve further expansion. Prior to this, Geely Holdings Group officially hosted Changfeng Cheetah Changsha factory, after which Geely will introduce new energy vehicle products and technologies to promote resource integration.

Once the restructuring is completed, Lifan will take the lead in producing Geely's pure electric MPV Maple Leaf 80V, according to the Financial Associated Press. It is understood that Maple Leaf was officially launched in April this year, the first model is Maple Leaf 30X, positioning pure electric small SUV, based on Geely Vision X3, the official guidance price is 6.88-79800 yuan.

The Maple Leaf 80V is the second mass-produced model of Maple Leaf. The new car is based on Geely's GBRC power exchange platform and is the first electric vehicle under Geely to adopt the power exchange mode. In terms of appearance, the Maple Leaf 80V uses a closed front grille design with chrome-plated strips under the grille; in terms of size, the length, width and height are 4706/1909/1699mm respectively, and the wheelbase is 2807mm; in terms of power, the new car uses the ternary lithium battery provided by Guoxuan Tech, with a range of 410km and 500km respectively, and is expected to be officially listed this year.

Industry insiders said that Lifan's subsidiary, Qianfeng Energy, was specially built to meet the needs of the development of the new energy industry, with the construction and operation of energy stations and electric inns as its main business, which is consistent with the development direction of Geely's future power exchange business. However, in response to the relevant media reports, Geely Technology Group responded that "everything shall be subject to the announcement of listed companies."

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