China's Lifan expects to sell 800 cars in Peru in '08

Shanghai, May 16 (Gasgoo.com) Privately-owned Chinese motorcycle-maker Chongqing Lifan has officially started to sell its own brand sedans in Peru and it is expecting 800 units will be sold by the end of this year.

Yang Ding, Lifan's representative in Peru, said the automaker began the trial sale of its Lifan 520 sedan early in February. To date, 150 units have been sold off, an impressive achievement compared with other Chinese brands sold in the Peri market.

Powered either by natural gas or fuel, the Lifan 520 mainly targets Peri's local taxi market. Lifan will offer its customers a two-year or 50,000km new vehicle warranty in Peru.

Local sales agency Altos Andes will act as Lifan's distributor in Peru. Altos Andes is the exclusive distributor of South Korea automaker SsangYong, and last year it sold 410 SsangYong vehicles in Peru.

Currently Lifan exports vehicles and motors to some 50 countries worldwide. Last year the company sold 49,809 Lifan 520 cars in China and it aims to sell 80,000 units in 2008.