May 29, Chongqing Lifan Motor Group held a press conference saying Lifan Russian auto factories will be officially put into operation and kick off Lifan's model sales in August this year. It is expected that the plant annual production capacity will be 25,000 units in 2009.
According to the news, Lifan Motor Group's Lifan 520 sedan will be assembled and produced in DERWAYS Company in the Russian city of Cherkessk, Russia-produced Lifan 520 sedan will be completed and will be officially launched into the market in August this year. Lifan plans for Lifan car production,assembling and import parts from China, then gradually establish a coating line, by then Lifan's car production is expected to reach a capacity of 25,000 units in 2009.
AUTOMIR Group, who is a sales dealership for Lifan's 520 sedan in the Russian market, said Russia produced Lifan 520 sedan will be sold directly under the Lifan brand in Russia, the price will be 10,000 to 15,000 U.S. dollars or so.
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