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China's Lifan launches its own developed VVT engine
Shanghai. December 5 (Gasgoo.com) -Chongqing-based Chinese automaker Lifan Automobile recently unveiled self-developed 1.8L VVT (Variable valve timing) engine, which makes it the first Chinese automaker to develop such technology on its own.
"Lifan has been committed to developing its own engines and this furthers our efforts to deliver new engine technology to customers, "said Hu Qi, general manager of Lifan Sales Company, adding that the newly developed engine will be equipped on various Lifan models.
The company has signed a Heads of Agreement with Britain Ricardo PLC to develop a new family of car engines and transmissions starting October 2006. The collaboration aims at providing Lifan with internationally competitive powertrain products and technologies to facilitate its continued expansion.
As one of China's biggest private motorcycle manufacturers, Lifan obtained automobile production license from government in 2005. By October this year, the company has sold 40,000 vehicles and it expected to sell 50,000 this year. Lifan has set up assembly lines in Russia, Vietnam, Egypt, Iran and Ethiopia.
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