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Lifan Cars Expanding to the Philippines



Lifan Cars, a China-based auto manufacturing company is set to further expand its car export market and has eyed the Philippines as its next target. Already exporting cars to over 100 countries, Lifan Cars is planning to make a big splash in the Philippine market via its LF520 mid-size sedan.

LF520 has been exported to over 50 countries including Russia, Vietnam, Iran, Chile and Venezuela. Lifan Cars plans to introduce to the local market at least three car models this year.

Lifan Cars is a unit of China-based conglomerate Lifan Group with operations in the financial/banking sector, real estate, football industry and research and development.

Lifan Group has also been engaged in the production of trucks, buses, motorcycles, and car engines and subsequently ventured into automobile production.

(Source) GMA News

Popularity: 4% [?]

This entry was posted on Sunday, January 18th, 2009 at 9:32 pm by Brian and is filed under Business, Cars. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.





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