It is reported that Chongqing Lifan Passenger Vehicle, a subsidiary of motorcycle maker Lifan Industry will construct a vehicle component export base in Chongqing Tongxing Industrial Park.
According to the agreement signed with the government of Chongqing Beibei district, Lifan Passenger Vehicle will make an advance payment of CNY 35.28 million within 15 days and will register a company in Beibei district within three months.
The newly registered company will sell motorcycles, engines and SUVs in Chongqing.
Sourced from steelguru.com
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