Lifan begins work on second factory

Gasgoo.com (Shanghai December 12) - Construction work has begun on Lifan Motor's second automobile production site, the Beijing News reported today. The site will begin production in 2013 and is scheduled to have an annual production capability of 150,000 units. 

Meanwhile, secondary work on the manufacturer's first factory is nearly complete, Lifan Chairman Yin Mingshan said. The factory will see its production capability increase from 100,000 units a year to 180,000.

Lifan hopes to manufacture around 400,000 vehicles annually by 2015. "Lifan hopes [for its production] to be more stable [by that time]," Mr. Yin said. The Chongqing-based manufacturer has seen its sails grow over 60 percent this year.