LIFAN to invest 670 million yuan in new energy battery

Chongqing LIFAN has started exploring the new energy vehicle motive power battery field following SAIC Motor and Chery. LIFAN will invest 670 million yuan in the construction of accumulator and lithium battery workshop and the relevant equipment, as well as the establishment of new energy research institute, according to Chongqing LIFAN recently.

The project is estimated to cost 3 years. After its completion, 2 million motorcycle accumulators, 1.65 million vehicle accumulators, 2 million electric bicycle accumulators and 10 thousand groups of lithium batteries to the maximum will be manufactured every year.

Qu Xinyan