China-Brazil Business Summit cosponsored by China’s Ministry of Commerce and Brazil’s Ministry of Industry & Trade was held in Brasilia in May 19. The premier of China Li Keqiang and the president of Brazil Dilma Rousseff presented the summit, discussing the further cooperation on capacity, infrastructure and finance together with over 200 Chinese and Brazil top enterprisers.

Premier Li Keqiang said on the summit, take capacity as the penetration to drive the cooperation upgrading between China and Latin America, and propose the new mode of “3 multiplies 3”. The summit has opened up the talks between Chinese and Brazilian enterprises, and created new opportunities for speed up Chinese enterprise developing in Brazil. It is the second time for Chinese government leaders visiting Brazil lately since Chinese president Xi Jinping visited Brazil in 2014. Enterprises have witnessed the promotion of China-Brazil relationship and the increasing deepening of mutual cooperation. Lifan Motors will make full use of the sound situation for Chinese enterprises having better investment there to explore more in Brazilian market.

In 2008, the first sedan of Lifan Motors Lifan520 appeared in Sao Paulo Auto Show in Brazil, winning good response. In 2010, the KD plant established by Lifan Motors and its distributor was put into operation. After constructing the complete network, Lifan Motors officially entered Brazil in October, 2010, setting foot in South American market. In 2013, Lifan Motors set up direct sales company in Brazil and launched the first SUV model Lifan X60. In 2014, Lifan Uruguay engine plant I started trial production, further realizing the localized production of cars in South American market. In the same year Lifan X60 sold well in Brazil that Lifan Motors was praised as the Most Popular Chinese Auto Brand by Brazilian authoritative media. Lifan Motors is firm of South American strategy all along, and continue to put into research and development as well as optimize the network, increasingly exploring for Chinese brand rising in South America.