Lifan will start the construction of a car factory in Lipetsk region in July

Lifan will start the construction of a car factory in Lipetsk region in July

Vedomosti – Chinese car manufacturer Lifan will start the construction of the factory it’s planning to establish within the territory of the Lipetsk Special Economic Zone (SEZ), on 16 July. The relevant statement has been made by the SEZ general director Ivan Koshelev.

Lipetsk regional administration and Lifan had signed the agreement, proposing the establishment of a car factory in the region, last October. Around $300 million will be invested in the factory. The planned annual production capacity is 60,000 automobiles. Vedomosti newspaper reminds that as announced previously, the production will commence in 2017 at the factory.