AutoBeta(AutoBeta.net)05/18 Report--

On May 18, Lifan Technology announced that the company would restart its automobile business. Today, Lifan Technology's first new power exchange model, Lifan 80V, has been put into production in Liangjiang New area, which also marks that Lifan has gone out of the "ward" and returned to normal life and entered a new stage of development.

It is understood that the Lifan 80V is actually the standard-changing model of the Maple Leaf 80V, while 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, Lifan 80V adopts a closed front grille design, which is embellished with chrome-plated strips under the grille, using Lifan's brand-new LOGO. In terms of size, the length, width and height are 4706/1909/1699mm, the wheelbase is 2807mm, and the positioning is compact MPV.

According to Lifan Technology, in addition to the Lifan 80V, two power-changing models, the 60s and 80X, will be launched this year, of which the 60s will face the taxi market, while the 80X is a large-scale power-changing SUV, mainly aimed at official car customers. In addition, Lifan Technology will also launch a number of new models to meet the needs of the market.

Previously, Lifan was mired in a debt crisis under the influence of sales. On July 10, 2020, Lifan shares announced that 10 wholly-owned subsidiaries were applied to the court for judicial reorganization by creditors because they were unable to pay off their maturing debts, and the company would risk being declared bankrupt due to the failure of the reorganization. Subsequently, Geely participated in Lifan restructuring with the help of Chongqing Manjianghong Enterprise Management Co., Ltd.

In December 2020, Lifan's controlling shareholder was changed into Chongqing Manjianghong Equity Investment Fund Partnership (limited partnership), and Chongqing Manjianghong Enterprise Management Co., Ltd. will become the actual controller of the company. In January this year, Lifan Technology (Group) Co., Ltd. officially listed, the new leadership, new company name, new enterprise LOGO, new products, Lifan is indirectly controlled by Geely.

After completing the reorganization, Lifan quickly "took off the star and took off the hat." On March 2, in view of the fact that the delisting risk warning involved in the completion of the company's restructuring plan has been eliminated, the SSE agreed to withdraw the delisting risk warning and implement other risk warnings, and the securities abbreviation was changed to "ST Lifan". On April 22nd, the Shanghai Stock Exchange agreed to withdraw the application for other risk warnings of stocks, and the company's securities were changed from "ST Lifan" to "Lifan shares", and then changed from "Lifan shares" to "Lifan Technology".

According to some views in the industry, Geely accepted Lifan mainly because the power exchange mode was recognized and encouraged by the relevant state departments. As the power exchange mode was recognized and encouraged by the relevant state departments, Lifan will start the industrial transformation in the new track.

In recent years, the concentration of the market is increasing, and China's independent weak brands are accelerating their elimination, including BAIC Yinxiang, Cheetah, Huatai, Zhongtai and so on. Whether these enterprises can get out of the trough has also become one of the concerns of the market.

According to the financial report, the operating income of Lifan Technology in the first quarter was 840 million yuan, an increase of 48.89% over the same period last year; the net profit of shareholders belonging to listed companies was 158.634 billion yuan, turning losses into profits over the same period last year. However, the motorcycle business is still the main reason for Lifan's profitability, with figures showing that Lifan sold 129169 motorcycles in the first quarter, up 22.55% from a year earlier.

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