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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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  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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  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 future of cars is worrying! Only 29 Lifan traditional passenger cars were sold in October.

  On November 15, Lifan released its latest production and sales report. Data show that in October this year, the production and sales of Lifan's traditional passenger cars were 53 and 29 respectively, down 98.71% and 99.25% year on year, respectively. The cumulative production and sales of traditional passenger cars from January to October were 18142 and 22061, respectively, down 76.46% and 73.50% from last year. In terms of new energy vehicles, production and sales in October were 420 and 423 respectively, down 62.37% and 64.15% from the same period last year. The cumulative production and sales from January to October were 2263 and 2458 respectively, down 69.38% and 6% from the same period last year.

  Lifan 2019-11-15
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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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  Sales plummeted! Lifan sold 73 traditional passenger cars in November, down 98.59% from a year earlier.

  On December 13, Lifan released its latest production and sales report. Data show that in November this year, the production and sales of Lifan's traditional passenger cars were 122 and 73 respectively, down 97.74% and 98.59% from the same period last year. The production and sales of new energy vehicles were 452 and 441 respectively, down 60.28% and 67.67% from the same period last year. From January to November, the cumulative production and sales of Lifan vehicles were 18265 and 22134, down 77.85% and 74.97% respectively. The cumulative production and sales of new energy vehicles were 2715 and 2899, down 68.17% and 65.78% from the same period last year. The motorcycle field.

  Lifan automobile 2019-12-14
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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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  Lifan is having a hard time, and so are its smart travel brands! The car used by Wanda was exposed that "no car is available" in Guangzhou.

  Following Tuge, immediate travel and other shared car platforms were exposed that the deposit is difficult to return, Lifan's Panda car also fell into the plight of the deposit is difficult to return, the current Panda car operation in Guangzhou site has been quietly offline. Recently, some media reported that Panda car has reached the point of "no car available" in Guangzhou. Log in to Panda car APP, and many sites in Guangzhou show that "there are no vehicles available at this station". Panda car customer service said that when it will be online has not yet received specific notice. Guangzhou is the first first-tier city operated by Panda. Data show that Panda car was officially put into operation in Guangzhou in January 2018, when it invested 10.

  Lifan car Wanda car deposit is difficult to refund. 2019-10-26
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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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  The rights of the dealers were protected again a year later, and Lifan Motor was in financial trouble.

  China's first A-share private passenger car manufacturer has been selected as one of the top 500 Chinese enterprises for many years, and has been in the forefront of the automobile and motorcycle industry in Chongqing for many years. This is the introduction of yourself on the official website of Lifan Industrial (Group) Co., Ltd. However, it is such an once-glamorous car company that has been protected by dealers again recently. According to media reports, a number of Lifan car dealers have gathered at Lifan vehicle Research Institute to claim compensation from manufacturers to protect their rights. Some dealers said that they offered to withdraw the net to Lifan in May 2019, but the balance of 150000 yuan deposit and more than 4000 yuan car model has not been returned, and the manufacturer has been.

  Lifan automobile 2020-06-22
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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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  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 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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  "Yin's era" is a thing of the past, and Lifan's controlling shareholder / controller has changed.

  On December 22nd, * ST Lifan announced that the listed company was successfully restructured and its controlling shareholder was formally changed from Lifan Holdings to Chongqing Manjianghong Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Manjianghong Fund"). Chongqing Manjianghong Enterprise Management Co., Ltd. (hereinafter referred to as "Manjianghong Company") will become the actual controller of the company. On November 10, Lifan Motor announced that the Chongqing Fifth Central people's Court ruled on the reorganization of Lifan shares in accordance with the law on August 21, 2020, and made (2020) Chongqing 05 Breaking No. 193 "decision" on the same day, designating Lifan enterprise liquidation group as Lifan shares.

  Lifan automobile 2020-12-23
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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
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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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  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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  Geely officially participated in the restructuring of Lifan

  According to Lifan's latest announcement, Geely confirmed its participation in the judicial restructuring of Lifan. A few days ago, Lifan issued a "Progress notice on recruiting restructuring investors", saying that Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. and Geely Maijie Investment Co., Ltd. as a consortium, the application materials for investors with intention to restructure were submitted to the manager in accordance with the provisions of the recruitment announcement. For the application materials, the manager conducted a strict examination; within the time limit specified by the manager, Liangjiang Fund and Maijie Investment paid a deposit and signed a confidentiality agreement. Confirmed by the manager, Liangjiang Fund, Maijie investment registration is valid, now as the intention to restructure investment ginseng.

  Lifan Geely 2020-10-03
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  Is there any chance of survival? The production and sales of Lifan car were all 0 in February.

  On the evening of March 12, Lifan released its February production and sales KuaiBao. KuaiBao showed that the production and sales of both traditional passenger cars and new energy vehicles were 0 in February this year, down 100% from January to February. The cumulative production and sales of traditional passenger cars from January to February were 143and 55 respectively, down 98.54% and 99.47% from the same period last year. The cumulative production and sales of new energy vehicles were 15, down 95.38% and 96.74% respectively from the same period last year. It is worth mentioning that in the context of the overall decline in automotive business, Lifan shares' old motorcycle business is particularly dazzling, with sales of 43569 motorcycles in February, up 1. 5% from a year earlier.

  Lifan automobile 2020-03-13
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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