Lifan becomes part of Geely and is preparing a new electric car

Lifan becomes part of Geely and is preparing a new electric car

January 26, 2021 0 By autotimesnews

Despite the denial of early rumors of a merger between Lifan and Geely, it is now reliably known that the bankrupt Lifan has become part of the Chinese auto giant.

Recall that in August 2020, it became known that Lifan could not cope with the crisis amid the coronavirus and went bankrupt. The company began looking for an investor and, according to rumors, it became Geely, while the latter denied such information at that time.

However, in November, Lifan Group completely passed into the possession of Manjianghong Company, which, according to Chinese media, has two key investors – the state-owned Liangjiang Equity Investment Fund from Chongqing (51% of shares) and Geely Technology (49%).

Since the old Lifan production was not interesting to the new owners, it was decided to update the brand. The company will soon receive a new logo that indicates the brand’s electric future. As a result, the new company Lifan Technology will specialize in electric vehicles, even though Geely already owns two electric brands, Maple and Geometry.

Recently, the presentation of the first electric car Lifan took place, which became one of the variants of the Maple 80V minivan. The new item has no name yet, but the company noted that the new model will be focused on the corporate segment and taxis. The new electric car has a three-row interior, and is driven by a 136-horsepower unit, which allows the model to accelerate to a maximum of 130 km / h.

The range of a new electric car should be about 400 km. It is also reported that the new product will have the most budgetary versions, in which there will even be no media system. However, the minivan will get the ability to quickly replace the battery. New electric cars should enter the local market this summer.