Lifan hatchback 520i to hit market next month

Shanghai. November 30 (Gasgoo.com) – Lifan hatchback model 520, codenamed Lifan 520i will make a official debut in Chinese market next month and the automaker’s another B class car will go on sales in February next year, Chinese media reported.

 

The Lifan 520i models come in two versions: one is based a 1.3 L engine and the other is based on a 1.6 L engine.

 

Currently Lifan 520 model based on 1.6 Liter engine is priced at 77,800 yuan – 86,900 yuan ($10,500-$11,700) while another Lifan 520 model based on 1.3 Liter engine is priced at 50,000 yuan – 60,000 yuan. Lifan 520i models are expected to be a little cheap than the Lifan 520 models, as hatchbacks are usually cheaper than a sedan of the similiar size.

 

Lifan entered China’s sedan market in 2005 by launching an A class model. During the past two years, Lifan has not been as successful as other local brand automakers, like Chery, Geely and BYD. However, the company is becoming more interested in  overseas expansions.