Lifan shares yesterday announced that a wholly-owned subsidiary of Chongqing Lifan passenger Co. 18 and Beibei District, Chongqing People's Government signed the investment agreement, the development of passenger cars in the Chongqing Lifan Industrial Park invested Tongxing Lifan Auto Parts export base project.

     Under the agreement, within 15 days of passenger cars will Lifan Beibei District, Chongqing People's Government advances 35,280,000 yuan of land to pay, 3 months, Beibei area registered a sale of an independent legal entity within the scope of Chongqing's motorcycle production, the engine , micro car, SUV series of car sales company.