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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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  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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  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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  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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  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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  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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  The output in July was only 34, and the old car, Enterprise Lifan, was too miserable.

  In the first half of the year, sales of traditional passenger cars were 20800, down 62.55% from the same period last year. In July, when the sixth national standard was implemented, Lifan car production and sales fell sharply again. The production and marketing report of Lifan shares shows that the company produced only 34 traditional passenger cars in July 2019, down 99.58% from January to July last year, down 70.97% from January to July. In July, Lifan sold 678 traditional passenger cars, down 91.43% from January to July, down 66.16% from January to July. In addition, Lifan, which started with motorcycles, has also appeared in terms of motorcycle sales.

  Car Lifan 2019-08-15
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  6 million yuan in arrears, Lifan was sued by the parts supplier.

  On July 29th, Wanan Technology announced that its subsidiary Wanbao Machinery Co., Ltd. had submitted a civil complaint to the people's Court of Zhuji City, Zhejiang Province on July 22 this year. Lifan passenger car Co., Ltd. and Lifan passenger car Beibei Branch are required to pay about 6.0757 million yuan. at present, the people's Court of Zhuji City, Zhejiang Province has accepted the case. According to the person in charge of Wanan Science and Technology, since 2007, Lifan passenger car, Lifan passenger car Beibei Branch began to purchase brakes, clutch pumps, vacuum booster and other auto parts from Wanbao Machinery.

  Automobile lawsuit spare parts supplier ten thousand yuan Lifan 2019-07-30
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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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  Equity freeze! Chongqing Lifan Holdings reduced its holdings of 2.1 million Lifan shares

  On September 24th, Lifan shares issued an announcement revealing that Chongqing Lifan Holdings Co., Ltd. held 620642656 shares of Lifan Industrial Co., Ltd before the reduction, accounting for 47.24% of the company's total share capital. As of September 23, 2019, the company's major shareholder, Chongqing Lifan Holdings Co., Ltd., has reduced its holdings of 2100000 Lifan shares through centralized bidding, accounting for 0.16% of the company's total share capital. There are consistent actors in the main body of the reduction, which are Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei, except Yin Mingshan's shareholding ratio of 0.13.

  Lifan Holdings reduced its stake in 2.1 million Lifan shares 2019-09-25
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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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  Lifan lost 947 million yuan in the first half of the year and wants to return to the motorcycle industry to survive.

  According to the semi-annual report data released by Lifan, in the first half of this year, Lifan achieved revenue of 5.178 billion yuan, down 13.39% from the same period last year, and the monthly net profit attributed to listed companies was-947 million yuan, compared with about 125 million yuan in the same period last year. The cruel data forced Lifan Group to change its business strategy. In the face of a loss of nearly 1 billion yuan, Lifan has to announce that it will weaken the new energy vehicle industry and strengthen the motorcycle business, so as to lead Lifan out of the predicament. At the same time, Chen Wei, the vice chairman of the passenger car business, and Ma Ke, the president, left at the same time, and Yang Bozeng, the executive vice president of the motorcycle business.

  Loss car dealership Lifan 2019-09-06
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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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  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 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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  44 imported Mercedes-Benz cars are auctioned at reduced prices, and Lifan's assets have been auctioned in bankruptcy.

  Now Lifan is heavily in debt and is in a business crisis, and Lifan companies have been applied to the court by creditors to enter the bankruptcy restructuring process. The huge debt has made it difficult for the former independent car giant. It is reported that after the court accepted the bankruptcy reorganization case of Lifan enterprises, its assets also officially began bankruptcy auctions. Recently, 44 imported Mercedes-Benz cars from Lifan subsidiary appeared on JD.com 's auction platform, but because there was no buyer's bid, Lifan has cut nearly 3 million yuan for a second auction. I learned from JD.com 's auction platform that Chongqing Lifan Industrial (Group) Import and Export Co., Ltd. disposed of 44 parallel imported Mercedes-Benz cars.

  Lifan automobile 2020-11-01
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  46.87% of Lifan's equity has been frozen, and the new energy and motorcycle industries continue to decline.

  In the face of the continuing downturn in the automobile market environment, Lifan shares publicly showed that they had lost 947 million yuan in the first half of the year and announced a few days ago that they wanted to return to the motorcycle industry to seek survival. According to the production and sales data released by Lifan, in the first half of the year, Lifan's sales of traditional passenger cars were 21000, down 62.6% from the same period last year, while sales of new energy vehicles were only 1257, down 60.7% from the same period last year. Lifan's loss of 947 million yuan in the first half of the year is not surprising. On September 12, Lifan shares announced again that the company's controlling shareholder, Chongqing Lifan Holdings Co., Ltd. (hereinafter referred to as "Lifan Holdings").

  New energy industry decline Lifan 2019-09-13
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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
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  Lifan Yin Mingshan was filed by the Securities Regulatory Commission for investigation on suspicion of illegal disclosure of information.

  Yin Mingshan, the 82-year-old Lifan controller, was investigated by the CSRC. Now Lifan is in a state of restructuring in a business crisis, and the huge debt makes it difficult for the autonomous car giant. A few days ago, Lifan shares issued an announcement that the company received notice from controlling shareholder Lifan Holdings and the actual controllers of the company, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei, who received the "notice of investigation" issued by the China Securities Regulatory Commission on October 12 and 13 respectively. The CSRC decided to file a case against Lifan Holdings, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei on suspicion of illegal information disclosure. The announcement also shows that force.

  Lifan 2020-10-14
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  Lifan announced its January sales, and only one fuel vehicle was sold.

  When the domestic car entered the stock era superimposed the impact of the COVID-19 epidemic, the differentiation of car enterprises has been very obvious, especially since the end of 19 years, several car companies that were exposed by CCTV to go bankrupt and reorganized still failed to achieve a return to light after the recovery of the car market in the second half of last year. Recently, as one of the car companies named by CCTV, Lifan announced its production and sales of KuaiBao in January, selling only one fuel vehicle.

  Lifan automobile 2021-02-22