Sao Paulo, Brazil, 10 March – Chinese manufacturer Lifan plans to begin selling motorcycles in the Brazilian market this year, via a partnership with Brazilian group Kasinski, the companies said Thursday.
Lifan will export small-engine motorcycles, and expects to sell 10,000 units by the end of 2006.
Currently, Japanese manufacturer Honda has an 80 percent share of the Brazilian motorcycle market, which should total 1.16 million motorcycles sold by the end of 2006.
Lifan plans to 50cc to 250cc models in Brazil at a cost to the customer of around US$910, half the current price of Japanese motorcycles.
The marketing director for Lifan, Yufeng Sun, who was in Sao Paulo to sign the export contract, said that the motorcycles exported to Brazil would be manufactured in Chongqing, in western China.
Set up 40 years ago, Kasinski is a Brazilian manufacturer that produces seven international brand motorcycle models, at an industrial unit in Manaus, state capital of Amazonas, in the north of Brazil.
Lifan is also interested in buying the Tritec factory, which produces engines for Daimler-Chrysler and BMW in Brazil.
The Chinese company’s aim, if their offer is accepted, is to dismantle the factory and set it up again in Chongqing, in China.
The Lifan Group plans to transfer the factory within the next few years in order to use it for production in 2008. (macauhub)