As per the latest news, Lifan Technology (Group) Co., Ltd. was officially unveiled and introduced the first battery swap model of Geely Technology Group-Maple Leaf 80V. This means that the industrial transformation of Lifan after the reorganization has begun a substantial stage. The predecessor of Lifan Technology (Group) shares is Lifan shares.
In September 2020, the Chongqing Municipal Party Committee and Municipal Government of the New District promoted the completion of the reorganization of Lifan shares and introduced Manjianghong Fund and Geely Maijie Investment Co., Ltd. under Geely Technology as strategic investors and industrial investors.
The new car can be regarded as a rebranded model of the Maple Leaf 80V, and the Maple Leaf 80V is a rebranded sister model of Geely Jiaji. It will use a flat battery pack design, and its NEDC working condition has a cruising range of 400+/500+ kilometers.
Along with this, the car will also provide battery replacement technology. The battery adopts a detachable design. The owner can replace the battery at the battery replacement station.
The battery replacement time is about 1 minute. Patented locking technology can obtain omnidirectional restraint and vibration prevention, high safety performance. After its debut, the model will be mass-produced at the Chongqing plant.
In August 2020, Lifan Group declared bankruptcy and reorganization, and Yin Mingshan, once the richest man in Chongqing, was forced to hand over Lifan Company.
In December 2020, Lifan issued an announcement stating that the listed company was successfully reorganized and its controlling shareholder was officially changed from Lifan Holdings to Chongqing Manjianghong Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as “Manjianghong Fund”) and Chongqing Manjianghong Enterprise Management Co., Ltd. (Hereinafter referred to as “Man Jiang Hong Company”) will become the actual controller of the company.
As per the information, the two largest shareholders of Manjianghong Company are Chongqing Liangjiang Equity Investment Fund Management Co., Ltd., and Geely Maijie Investment Co., Ltd. (referred to as Geely Maijie), each holding 51% and 49% of the shares. Geely Maijie is a subsidiary of Geely Technology that holds a 99% shareholding.
This means that in the process of Lifan’s reorganization, Geely invested in Lifan in a dual capacity. This also confirmed that Geely, which was rumored before, will become the actual controller behind Lifan.
(Via)
