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  Seriously insolvent! An electric car company filed for bankruptcy liquidation

  On March 6, Lifan Science and Technology (Group) Co., Ltd. (hereinafter referred to as "Lifan Technology") issued a notice that the board of directors approved the "motion on the application for bankruptcy liquidation of Henan Lifan New Energy Electric vehicle Co., Ltd., a wholly-owned subsidiary". It is agreed that Henan Lifan should apply to the court for bankruptcy liquidation. The data show that Henan Li

  Lifan company model automobile technology Geely Henan sales bankruptcy liquidation court similar market motorcycle motorcycle 2023-03-07
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  Hovering on the edge of the market! Lifan Motor is expected to lose 5 billion yuan in 2019.

  After Zhongtai Automobile, Lifan Motor also issued an annual pre-loss announcement for 2019, which said that the net profit attributed to shareholders of listed companies is expected to be-4.981 billion yuan in 2019, a decrease of 5.234 billion yuan compared with the same period last year, or 2,068.77 percent year-on-year. It is worth mentioning that Lifan's net profit to shareholders of listed companies in the first three quarters of 2019 was-2.633 billion yuan, while according to the 2019 results forecast, the fourth-quarter loss increased by nearly 50%. It is enough to see that the loss in the fourth quarter is still very large. Targeted to the industry.

  Lifan 2020-01-21
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  The financial situation is worrying! Lifan was sued for a total of nearly 3 billion yuan.

  The time left for Lifan seems to be running out, and Lifan, which is suffering from sluggish sales and heavily indebted vehicles, is experiencing difficulties in survival. On the evening of June 18, Lifan shares issued an announcement disclosing the company's cumulative supplementary announcement involving litigation (arbitration) matters. The announcement shows that the company has been involved in 392 lawsuits (arbitration), involving a total amount of 2.906 billion yuan. Of the 392 cases, 221 have been adjudicated (arbitration). Lifan is all defendants and needs to compensate the other party a total of 1.836 billion yuan. There were 82 unheard cases, involving a total amount of 580 million yuan. In addition, undisclosed litigation (arbitration) reached 2.6 in the past 12 months.

  Lifan 2020-06-18
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  Lifan only retained the motorcycle business, and many media reported that Geely's takeover of Lifan was a foregone conclusion.

  According to media reports, Geely Motor's acquisition of Lifan shares is a foregone conclusion. At that time, Lifan will only retain the motorcycle sector, and the rest will be taken over by Geely Motor, "including shell resources of listed companies, production qualifications, financial licenses, and so on." In addition, after Geely takes over Lifan, it will get the local Yuanyang plot in Chongqing, which is currently worth 10 billion yuan. With regard to Geely's acquisition of Lifan, some media have sought confirmation from Yang Xueliang, vice president of Geely Automobile Group, but it has not been confirmed as of press time. In fact, rumors about Geely's acquisition of Lifan were already reported as early as June, when there were media reports that Geely Holdings planned to inject capital into Lifan Holdings.

  Lifan Geely 2020-08-06
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  Restart the automobile business, Lifan's first new electric car production line

  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 with chrome plating under the grille.

  Lifan 2021-05-18
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  Lifan was sued for 1.4 billion yuan, and a number of suppliers were in arrears.

  After the decline in sales, the qualification for land sales and the freezing of shares, Lifan Motor was also sued by auto parts suppliers and financial companies for a huge sum of money, demanding a payment of more than 1 billion yuan. A few days ago, Wanan Science and Technology announced that its wholly-owned subsidiary Zhejiang Zhuji Wanbao Machinery Co., Ltd. had submitted a civil complaint to the people's Court of Zhuji City, Zhejiang Province on July 22, requiring Chongqing Lifan passenger car Co., Ltd., a subsidiary of Lifan Co., and Beibei Branch of Lifan Automobile to pay about 6.0757 million yuan. Wanan Science and Technology Bulletin said that since 2007, Lifan passenger car, Lifan passenger car Beibei branch continues to.

  Sue supplier Lifan 2019-07-30
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  Facing the risk of bankruptcy, 10 subsidiaries of Lifan were applied for judicial reorganization by creditors.

  With continuous losses, Lifan shares are mired in a debt crisis. On July 10, Lifan shares announced that 10 wholly-owned subsidiaries were applied to the court for judicial restructuring 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 restructuring. In a notice on creditors applying to the court for judicial restructuring of the company's wholly-owned subsidiaries, Lifan shares revealed that 10 of the company's subsidiaries had been applied for judicial restructuring by creditors because they were unable to pay off their maturing debts. The companies that have been applied to the court for judicial reorganization by creditors include Lifan passenger cars, Lifan automobile sales, Lifan import and export company, Lifan motorcycle hair.

  Lifan automobile 2020-07-11
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  Lifan recalled 3651 new energy vehicles, exceeding the total sales in May.

  Although the current living condition of Chongqing Lifan Automobile is worrying, it is decided to recall the defective automobile products. According to the information on the website of the State Market Supervision Administration, Chongqing Lifan passenger car Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the recall of defective Automobile products and the measures for the implementation of the regulations on the recall of defective Automobile products. It is decided to recall a total of 3651 Lifan 650EV300 pure electric vehicles produced from December 11, 2017 to December 31, 2018 from July 1, 2020. It is worth mentioning that this time.

  Lifan automobile 2020-06-15
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  Che Hejia completed the acquisition of Chongqing Lifan Automobile Co., Ltd., renamed Chongqing ideal Intelligence Automobile Co., Ltd.

  According to the news on the 23rd, according to the enterprise system inquiry, Chongqing Lifan Automobile Co., Ltd. has changed its name to "Chongqing ideal Intelligence Automobile Co., Ltd.", which means that Cha Hejia has acquired Chongqing Lifan qualification and completed the transfer formalities. Che Hejia has officially obtained the qualification to build a car. In December 2018, Chongqing Xinfan Machinery and equipment Co., Ltd. bought Chongqing Lifan Automobile Co., Ltd. for 650 million yuan. Chongqing Xinfan's physical control company is "car and Home". It is worth noting that the Lifan we are talking about is actually a Lifan passenger car. Lifan industry's Qiangfan car and Lifan passenger car two car building qualifications, all cars under Lifan.

  Success at home 2019-02-23
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  Lifan will restart its car assembly plant in Uruguay in an attempt to revive it through overseas markets.

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  Lifan Automobile overseas Market 2019-11-09
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  604 million shares of Lifan Motor were frozen, and many dealers chose to withdraw from the network.

  According to a notice issued by Lifan shares, about 604 million shares held by the controlling shareholder Chongqing Lifan Holdings Limited (referred to as "Lifan Holdings") have been frozen, accounting for 97.28% of the company's shares held by Lifan Holdings. It accounts for 45.96% of the total share capital of Lifan shares, with a freeze period of 3 years. After the collapse in sales and losses in performance, Lifan is now in deep trouble. According to the May production and sales KuaiBao announcement released by Lifan, production of traditional passenger cars fell 87 per cent in May from a year earlier to 1066, with a cumulative total of 16335 from January to May, down 62 per cent from a year earlier. In terms of sales, May is real.

  Cars dealers Lifan shares were frozen 2019-06-26
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  Due to quality problems with the vehicles purchased, Panda Motor claimed 800 million yuan from Lifan.

  On April 2, Lifan Industrial (Group) Co., Ltd. (hereinafter referred to as "Lifan Co., Ltd.") issued a notice that its subsidiary Chongqing Lifan passenger car Co., Ltd. (hereinafter referred to as "Chongqing Lifan") recently received legal documents such as "notice of participation of Chongqing Arbitration Commission" and "Arbitration Application" served by Chongqing Arbitration Commission. Due to a dispute over the sales contract between Chongqing Lifan and Chongqing Panda Automobile Co., Ltd. (hereinafter referred to as "Panda Automobile"), Panda submitted an arbitration application to the Chongqing Arbitration Commission for compensation of 798 million yuan to Chongqing Lifan. At present, the Chongqing Arbitration Commission has accepted the arbitration application. According to the announcement.

  Lifan 2020-04-02
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  Lifan lost 2.6 billion yuan in the first three quarters.

  Domestic car companies opened the prelude to reshuffle, loss-making operation has become the norm. On October 25, Lifan released its third-quarter results report in 2019. In the first three quarters, the company achieved an operating income of 6.686 billion yuan and a loss of 2.633 billion yuan. Lifan shares lost 947 million yuan in the first half of this year, meaning that Lifan lost 1.686 billion yuan in the third quarter alone. Behind the operating loss is a sharp decline in Lifan's business. According to Lifan's September production and sales report, the company sold 22000 traditional passenger cars from January to September, down 72.25% from a year earlier; in the previous September, the company sold a total of 2035 new energy vehicles, year-on-year.

  Lifan car Lifan lost money Lifan's current situation 2019-10-26
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  Being filed for bankruptcy and restructuring, Lifan is facing a serious crisis.

  ​ is now the domestic automobile market accelerating changes in the market environment, so that many marginal car companies feel difficult. A few days ago, Lifan shares issued a notice that the company received a "notice" served by the court. Jiali, the creditor, applied to the court to restructure the company on the grounds that the company was unable to repay its due debts and obviously lacked solvency, but still had the value of restructuring.

  Lifan shares 2020-06-30
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  "Lifan pays back money"-- Lifan Automobile Dealers gather in Chongqing headquarters to safeguard their rights

  China's auto market has shifted from blowout development to declining competition. Passenger car sales fell 5.8 per cent in 2018 and further expanded to 10.5 per cent in the first quarter of this year. Traditional car companies are facing a reshuffle and car dealers are doomed. Since last year, dealers' rights protection incidents have been staged continuously, mostly focused on independent brands and joint venture brands that are not in the mainstream. Dealers generally reflect the problems such as high inventory pressure, persistent operating losses, and inaction of manufacturers, and demand compensation from manufacturers. For example, Guangzhou Auto Fick Jeep dealers collective rights protection, BAIC Magic Speed, Guanzhi, Baowo car dealers rights protection events and so on. As you wish.

  Cars dealers 2019-05-05
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  The reshuffle of the automobile industry intensified, and Lifan's sales fell 76% year-on-year to 22536 vehicles in 2019.

  On January 14, Lifan released the production and sales of KuaiBao in December 2019. Data show that the production and sales of Lifan traditional passenger cars in December 2019 were 333 and 402 respectively, down 93.01% and 88.88% from the same period last year. The production and sales of new energy vehicles were 173,192, respectively, down 88.25% and 88.43% from the same period last year. In 2019, the cumulative production and sales of Lifan vehicles were 18598 and 22536, down 78.62% and 75.52% respectively. The cumulative production and sales of new energy vehicles were 2888 and 3091, down 71.12% and 69% from the same period last year.

  Lifan 2020-01-15
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  Another independent brand is facing the fate of elimination, and Lifan's sales have plummeted and lost money.

  After the collapse in sales and losses in performance, Lifan is now in deep trouble. According to the May production and sales KuaiBao announcement issued by Lifan, production of Lifan traditional passenger cars fell 87 per cent in May to 1066 vehicles from a year earlier, with a cumulative total of 16335 vehicles from January to May, down 62 per cent from a year earlier. In terms of sales, 1024 vehicles were actually sold in May, down 86.6% from a year earlier, while 19683 vehicles were sold in the previous month, down 57% from a year earlier. Sales of new energy vehicles were even lower, with sales of 108 vehicles in May, down 64.24% from a year earlier, with sales of only 1011 vehicles from January to May. You know, the sales of Lifan new energy vehicles can reach in 2018.

  Car sales volume 2019-06-16
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  Lifan's account is frozen and unable to repay its debts, and its financial situation is worrying.

  Sales decline, performance losses, factory shutdown, deep debt, Lifan suffered the biggest crisis in history. On December 17, Lifan shares announced that the company used 449 million yuan of idle funds raised by the previous non-public offering shares to temporarily replenish 10 million yuan of the working capital on December 17, 2019. Because the special account of raising funds opened by the company related to the previous non-public offering shares has all been frozen, in order to ensure the safety of the company's funds, it is temporarily unable to return to the raising fund account. In addition, Lifan due to financial constraints, part of the funds raised before has not yet been bad, delinquent so far. In the announcement, Lifan said.

  Lifan 2019-12-18
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  The net profit of Lifan technology has halved!

  On the evening of August 21, Lifan Technology disclosed its performance report for the first half of 2023. According to the report, the operating income of Lifan Technology in the first half of the year was 2.563 billion yuan, down 18.19% from the same period last year, of which the revenue from Lifan Technology Automobile business was 1.215 billion yuan, down 29.91% from the same period last year, and the net profit was 4017

  Lifan Automotive Technology sales Company Geely New Energy Market Model net profit net profit Fund Maple Leaf Man Jiang Man Jiang Hong 2023-08-22
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  Huge losses were saved! Geely announces joint venture with Lifan

  On December 13, Hong Kong Geely Holdings announced that the company intends to jointly invest with Lifan Technology to set up a joint venture company, with a registered capital of 600 million yuan, and Geely Holdings and Lifan Technology each contribute 300 million yuan, with a shareholding ratio of 50%. In addition, after consultation and agreement between the two parties, both parties may appoint another subject to make capital contribution. The announcement shows that the business scope of the target company is vehicle design, research and development, sales (including accessories, parts processing equipment, automobile decoration); import and export of goods, agency import and export, technology import and export; software development; technology development, technical services, technical consultation, technology transfer. According to the announcement, Lifan Science and Technology is based on Ji.

  Geely car 2021-12-13