Lifan Shares announced on May 11, through non-public placement of stock, to raise funds on building the new energy auto industry chain for the brand new business model. The program of Energy Station is the core project for this funds raising.

The announcement revealed, Lifan Shares will suspend from May 12, and announce the key strategy next month. As learned, LIFAN will hold LIFAN NIGHT activity on June 8, at that time LIFAN will release the brand new development strategy, covering new energy and E-business.

Lifan Shares said, building the new energy auto industry chain of the brand new business model is of great significance to the upgrading of company’s development strategy. Early in 2010, LIFAN cooperated with Chinese Academy of Sciences and established Zhongke Lifan New Energy Base in Jiading, Shanghai. As the latest development planning of Lifan new energy, Zhongke Lifan Jianding Plant in Shanghai will manufacture high-end new energy car with lithium battery. And the model produced by Lifan Electric Car in Henan Manufacturing Base is the low-speed electric car mainly taking the lead-acid cell as electric drive. Through various industrial deployments, the direction of Lifan new energy car is more bright and clear.

Complying with the current situation, LIFAN cooperates with three large Chinese E-business platforms to sell cars. While expanding the marketing channel, LIFAN has also established the new pattern of auto marketing mode. As far as LIFAN, cooperating with E-business platform is just the first step for setting foot in the auto E-business. In future, Lifan Motors will extend in E-business field, and keep exploring to boost the industry development through integration of industry and finance.