601777 on Shanghai Stock Exchange

Lifan Group

Logo: Lifan_520_Chile.jpg : Viva Chile derivative work: ZZZico, CC BY-SA 3.0, via Wikimedia Commons³

Chinese motorcycle and automobile manufacturer

Lifan Industry (Group) Co., Ltd. (Lifan Group or Lifan, Chinese: 力帆, lit. 'Power Sail') is a civilian owned Chinese motorcycle and automobile manufacturer headquartered in Chongqing, China. It was founded in 1992 and began to manufacture automobiles in 2005, with license-built microvans and a small sedan developed by Lifan. Lifan's vehicle products include passenger cars, microvans, dirt bike engines, entry-level motorcycles, mini-vehicles, and commercial trucks.² It was founded by Yin Mingshan.¹ It employed about 13,700 people in 2010.¹ Its shares trade on Shanghai Stock Exchange under the symbol 601777.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1992Founded¹

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Ticker601777 on Shanghai Stock Exchange¹
Industryautomotive industry¹
HeadquartersChongqing¹
Founded inChongqing¹
Websitewww.lifan.com
Legal formjoint-stock company¹

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Corporate structure

Lifan Group sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Lifan Group Chongqing
- Lifan Motors Subsidiary
- Livan Automotive Subsidiary · Fengjing
- Lifan Motorcycle Subsidiary
- Pfmoto Subsidiary

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lifan Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Livan Automotive

Things Wikidata records the company as owning, with the share when stated.¹

The story

Founded by Yin Mingshan in 1992, in Chongqing.¹

Lifan was founded by former political dissident Yin Mingshan in 1992 as a motorcycle repair shop with a staff of nine. Mingshan has a long history of conflict with government authority but currently enjoys a positive relationship with the Chinese Communist Party. The company was originally called "Chongqing Hongda Auto Fittings Research Centre". The company was renamed Lifan Industry Group in 1997. It expanded into building buses in 2003. As of 2004, Lifan was being referred to as "the largest private motorcycle manufacturer in China." In 2009, it as the fifth-largest Chinese motorcycle maker.

In 2003, Lifan acquired Chongqing Special Purpose Use Vehicle Manufacturing Co Ltd, and 2005 saw the start of automobile production beginning with the LF6361/1010 minivan and pickup based on the 1999 Daihatsu Atrai. In December 2005, Lifan's first independently developed car entered production, the 520 sedan with a Brazilian Tritec engine. As of 2011, Lifan makes a number of consumer offerings including the subcompact 320, the compact sedan and hatchback 520, the mid-sized 620 sedan, and the X60 compact SUV.

Lifan made an IPO on the Shanghai Stock Exchange in late-2010. In 2011, Lifan's exchange-listed entity announced revenue of US$1.83 billion, and profits of US$62 million.

Lifan entered into an agreement with Italian motorcycle manufacturer MV Agusta on July 4, 2014, to be MV Agusta's sole distributors in China. Lifan currently have a number of Agusta models on show at selected dealerships, including the F4 RR motorcycle.

Founder Yin Mingshan and his family are worth US$1.3 billion as of 2014.

Lifan's cash balance was 370 million yuan versus 3.1 billion yuan at the end of 2017. Lifan had only 450 million yuan out of 12.6 billion yuan worth of credit lines from 25 banks according to filings. In 2018, Lifan raised approximately 4 billion yuan selling land to the government and unit Lifan Motors to electric vehicle startup Li Auto. In 2018, Baidu and Panda Auto, an EV rental operator under Lifan Group, jointly launched the China's first shared autonomous vehicle pilot program, closed in 2020.

As of 2020, it was reported that Lifan's debt totaled 31 billion yuan ($4.4 billion) in June 2019, with 60% due within a year, while assets stood at 41.5 billion yuan according to company filings. News of Geely planning to take over Lifan surfaced with the target being the market share in the southwest which Lifan mainly dominates.

Trademark dispute with Honda Motor

In 2004, Lifan was ordered to cease selling motorcycles under the brand name "Hongda"—the culmination of a successful lawsuit brought by Honda Motors. That same year Honda initiated a separate suit against Lifan this time for using badges similar to Honda's on its motorcycle products.

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Geely's acquisition and Lifan Technology

On August 6, 2020, Lifan Group issued an announcement stating that its controlling shareholder Chongqing Lifan Holdings Co., Ltd. was unable to pay off its due debts. On the grounds that the assets were insufficient to pay off all debts, the company applied to the Chongqing No. 5 Intermediate People's Court for bankruptcy reorganization. Lifan Group issued an announcement stating that Lifan shares were suspended for one trading day on August 24, 2020, and trading resumed on August 25. The stock was subject to a delisting risk warning, and the abbreviation was changed to: *ST Lifan. In October 2020, Lifan Group founder Yin Mingshan, his wife Chen Qiaofeng, and children Yin Xidi and Yin Suowei were investigated by the China Securities Regulatory Commission for suspected violations.

In January 2021, Lifan Group was renamed Lifan Technology, and Manjianghong Fund and Geely Maijie were introduced as investors. Xu Zhihao, director of Geely Holding Group and CEO of Geely Technology Group, was appointed as chairman. In May, the auto business was restarted. On December 13, Geely Auto and Lifan jointly invested in establishing a joint venture.

In March 2025, the Lifan Technology was renamed to Chongqing Qianli Technology.

List of Chairman

Yin Mingshan (1992–2017)

Chen Wei (2017)

Mou Gang (2017–2021)

Xu Zhihao (2021–present)

From Wikipedia’s article on Lifan Group, shared under CC BY-SA 4.0.⁴

Leadership

Who has led Lifan Group, and when. Pick a name to see everywhere that person has worked.

FounderYin Mingshan¹

Products and brands

Products

When Geely acquired Lifan in 2020, Lifan is now more focused on original vehicles development for taxi customers and battery swap support.

Motorcycles

Current and former Lifan motorcycle products include:

Lifan LF150-10S (KPR150) - Small-displacement street motorcycle.

Lifan LF250GY-2 Cossack - Dual-sport motorcycle

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Lifan LF400 (399cc) - Similar to a Harley or Yamaha Virago XV535.

Lifan LF150-10B (KP150) - Smaller, less powerful version of the KPR150 street motorcycle.

Lifan KPR 200 - The most powerful model in the KPR range

Lifan LF100-C (II) - (PONY 100II) - Mini street bike.

Lifan LF150-5U (KPmini 150) - Mini street motorcycle.

Lifan X-Pect (200cc) - entry-level dual-purpose motorcycle.

Lifan KPX 250 - intermediate dual-sport motorcycle.

Lifan V16 (LF250-E) - 250 cc (15 cu in) V-twin cruiser

Lifan V16 Plus (LF250-K) - 250 cc (15 cu in) V-twin cruiser

Lifan V16S (LF250-R) - Sport version of V16

Lifan Blues (LF150T-8G) - midiscooter

PFMoto

PFMoto (Paifang Moto) is the new motorcycle brand of Lifan created in 2022; PFMoto sold lower-cost motorcycle and scooter, the first model introduced in the Chinese market in 2023 was the Starship 3, a cruiser-style with a design inspired by the Honda Gold Wing, and a 302cc V-twin engine. In 2023, the Starship 6 is introduced, a version equipped with a 573 cc V2 engine.

Subsequently, the Starthunder 250, a compact cruiser, and the Gravity 150 (LF150T-8C) scooter, equipped with a 149.3 cc single-cylinder engine, were launched.

In 2024, the Starship 4 was introduced as an intermediate model between the Starship 3 and the Starship 6. This motorcycle is equipped with a 398 cc V2 engine.

Automobiles

Current and former Lifan automobile products include:

Lifan LF6361 and Lifan LF1010 (2005–2010) - this small minivan and pickup is based on the 1999 Daihatsu Atrai

Lifan 320 (Smily, 2008–2016) - a small hatchback, famous for being a fairly straightforward copy of the current Mini.

Lifan 330 (Smily, 2013–2018)

Lifan 520 (Breez, 2006–2012) - This subcompact sedan was Lifan's first original development. The car is based in the chassis of the 1991 Citroën ZX.

Lifan 520i - the hatchback version of the subcompact 520, with its own bodywork

Lifan 530 (Celliya, 2013–2018)

Lifan 620 (Solano, 2008–2015) - a compact sedan

Lifan 630 (Solano, 2014–2016)

Lifan 650 (Solano, 2016–2020)

Lifan 720 (Cebrium, 2012–2017)

Lifan 820 (Murman, 2015–2020)

Lifan Lotto (L7/Letu, 2014–2018)

Lifan Xuanlang (M7, 2017–2020)

Lifan X50 (2014–2020)

Lifan X60 (2011–2018) - Lifan's first SUV

Lifan Maiwei (X7, 2016–2020)

Lifan X70 (Pengfei, 2018–2020)

Lifan X80 (2017–2020)

Lifan Foison (Fengshun, 2011–2021) - this minivan range is based on the earlier LF6361 series.

Lifan Mini Truck LF1022 (T11) - a truck version of the Foison

Lifan Xingshun (Seasion, 2011–2022)

Lifan Light Truck model LF1025 (T21, DC Truck) - a truck version of the Xingshun

Operations

Production facilities

Lifan has two passenger-car assembly plants in China.

Now boasting motorcycle production bases in Thailand, Iran, Turkey, and Vietnam, Lifan first established a presence in Vietnam in 1999 that made motorcycles and parts. Beginning in March 2007, assembly of the 520 sedan commenced in Vietnam. By mid-2009, the 320, 520i, and 620 had also been built or assembled in this country.

Overseas assembly factories make Lifan-branded automobiles sold to domestic audiences but are not necessarily affiliated with Lifan in any way.

Azerbaijan

In early 2010, Lifan established an automobile assembly factory in Azerbaijan.

Egypt

Such assembly has occurred in Egypt.

Ethiopia

From 2007 until 2010, the Lifan 520 was assembled in Ethiopia from imported knock-down kits under the name of "Abay" (Amharic for the Blue Nile) by Holland Car Company. Cars assembled in Ethiopia may now bear the Lifan name, and an after sales service center for Lifan automobiles exists in the capital, Addis Ababa, as of 2010. As of 2016, Lifan continues to produce in Ethiopia (perhaps without a local partner), assembling cars with native-born labor from knock-down kits. Five different models can be made at the current facility, set up in 2014, and sales can total fifty cars a month at prices ranging from $15,000 to $30,000.

Iran

Lifan was assembling cars in Iran around 2010.

Russia

Assembly of automobiles in Russia began in August 2007, and in early 2011, the 320 model became the third Lifan product to see local production.

Uruguay

In 2010, a 40,000 units/year production capacity assembly plant was established in Uruguay.

Philippines

In 2018 Lifan Philippines was launched in MIAS which only sold cars. There are no Lifan bikes have been sold in the Philippines officially.

Research and development

At the end of 2006, Lifan held over 3,800 patents, the largest number of any Chinese automobile company, of which at least 346 of were held by Lifan's automobile division.