Lifan 520, a Chinese car model, assembled in Vietnam Motor Corporation (VMC), has officially been launched onto Vietnamese market...
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| A Lifan car in Vietnam market. |
Lifan 520, a Chinese car model, assembled in Vietnam Motor Corporation (VMC), has officially been launched onto Vietnamese market.
A Lifan 520 car is 4,370 mm long, 1,700 mm wide and 1,473 mm high. There are two versions of engines, 1.3L and 1.6L, with different options to meet different tastes of customers. The selling prices of the cars are USD15,000/unit (including value added tax) for the 1.6L and USD12,000/unit for the 1.3L. Customers can buy it on hire-purchase. The sole distributor of the Chinese group Lifan in Vietnam is Bao Toan Automobile Joint Stock Company.
The 1.6L Lifan 520 (or Lifan LF7160) has Tritec engine imported from a BMW plant in Brazil. Its fuel consumption is 5.85 litre/90km (equal to 6.5 liter per 100km). The 1.3L Lifan 520 (or LF7130) has 1.3 liter engine made by the Lifan group.
The main customers that Lifan cars target are those with medium incomes, taxi firms, small travel firms and car leasing companies, according to Mr. Do Van Binh, chairman of the management board of the Bao Toan Automobile Joint Stock Company.
“According to our survey and analysis, we can sell 2,000 in 2007,” he said at the launching ceremony.
At the launching ceremony, Thang Long, a Vietnamese taxi firm in Ha Noi, signed with Bao Toan a contract on buying 100 Lifan 520 cars. Some other taxi firms in Ho Chi Minh City have placed large orders for Lifan 520 cars.
Now the Lifan group is planning to invest 30 million USD in manufacturing Lifan 520 cars in Vietnam.
T.T
