AutoBeta(AutoBeta.net)11/12 Report--

On November 11, Lifan Science and Technology announced that the company held the ninth meeting of the sixth board of directors and elected Yinqi as chairman of the sixth board of directors with a term of office from the date of examination and approval of the board of directors to the date of expiration of the sixth board of directors.

According to the announcement, Yinqi was born in January 1988, with a bachelor's degree in computer science from the computer science experimental class of Tsinghua University ("Yao Class") and a master's degree in computer science (intelligent sensing) from Columbia University. In 2011, Inki founded the Chinese artificial intelligence company Beijing Kuangshi Technology Co., Ltd. (hereinafter referred to as "Xia Technology") and served as the company's executive director, chairman of the board and chief executive officer. At the social level, Yinqi is currently the executive committee of the all-China Federation of Industry and Commerce, part-time vice chairman of the Beijing Municipal Federation of Industry and Commerce, and a member of the Beijing Municipal Committee of the Chinese people's political Consultative Conference.

Lifan Technology, formerly known as Lifan shares, was founded in 1992 and is the first private passenger car manufacturer in the automotive industry to be listed on the market. In 2020, under the ravaging of the global epidemic, Lifan was mired in a business crisis and finally went bankrupt and reorganized. In July 2020, because Lifan was unable to pay off its maturing debts, a number of subsidiaries were applied to the court for judicial restructuring by creditors, and the company will be at risk of bankruptcy due to restructuring failure. Five months later, Lifan completed the restructuring successfully, and the controlling shareholder was changed from Lifan Holdings to Chongqing Manjianghong Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Manjianghong Fund"). Geely became the largest shareholder of Lifan, with a stake of 29.99%.

In December 2021, Geely announced that the company intends to jointly invest with Lifan Technology to establish a joint venture company, the target company registered capital of 600 million yuan, Geely Holdings and Lifan Technology each contributed 300 million yuan, holding 50%. In January 2022, the joint venture company jointly invested by Geely Automobile and Lifan Technology has completed the industrial and commercial registration procedures and obtained the business license issued by the Market Supervision Bureau of Liangjiang New area in Chongqing, China. it is named Chongqing Ruilan Automobile Technology Co., Ltd. ("Ruilan Automobile"). With the help of Geely, Lifan has successively launched new energy vehicle brands "Maple Leaf" and "Ruilan", focusing on developing the B-end market and exploring special application scenarios such as taxis, ride-hailing and intercity special lines.

Data show that Lifan Technology sold 56816 vehicles in 2022, an increase of 1371.15 percent over the same period last year, of which 41142 new energy vehicles were sold, an increase of 979.84 percent over the same period last year. Of course, today's Lifan technology is no longer the former Lifan, but a Geely "sub-car company" with the name Lifan, that's all. However, after entering 2023, Lifan Technology still did not perform very well, and the company's sales continued to shrink against the background of continued growth in sales of new energy vehicles in China. For the ride-hailing market, Ruilan creates two power-changing models, Maple Leaf 80V and Maple Leaf 60S, but it is precisely because it focuses on the ride-hailing market that the two models are doomed not to have too much volume. In May 2022, Ruilan launched the Ruilan X3, which is actually a replacement of Geely Vision X3. In December 2022, Ruilan 9 officially went on sale with a price range of 10.99-129900 yuan. This is the first real new model of Ruilan Automobile. According to the financial report, the operating income of Lifan Technology in the first three quarters of 2024 was 4.815 billion yuan, up 11.19% from the same period last year; the net profit was 39.9474 million yuan, down 35.34% from the same period last year; and the non-net profit was 24.2244 million yuan, down 47.36% from the same period last year.

Inky is one of AI's four little dragons, ignoring the co-founder and CEO of technology. In July this year, Lifan Technology announced that Geely Technology Group intends to transfer its 100% stake in Riverside to Riverside for a total price of 2.43 billion yuan, and the legal representative of Jiangshunsui is Yinqi. It is understood that the layout of the smart car industry has been ignored for a long time. As early as the beginning of 2021, Xiangshi began to enter the smart car business. Based on the technological advantages of computer vision, espionage cuts into the vision-based technical route similar to Tesla. Nowadays, relying on Geely and AI technology, the industry also wonders whether Lifan technology can become the next "Cyrus".

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