Chinese company Lifan may build car factory in Brazil

21 October 2014

Chinese automotive company Lifan has said it may build a factory in Brazil as soon as sales of its cars account for a larger slice of the Brazilian market.

The President of the company, Zhen Huang said in an interview with the Automotive Business news website that the decision depends only on the market response to the brand’s models.

In 2015 Lifan expects to sell over 12,000 cars in Brazil and that number will increase to 20,000 and 30,000 in the following years.

Lifan, which has a factory in Montevideo, Uruguay, sells three models of cars in Brazil.

Lifan, based in Chongqing, is considered to be one of China’s top 500 companies. (macauhub/BR/CN)