On July 27, Lifan Shares announced in the evening, for promoting the comprehensive competitiveness in intelligent car field, the company plans to purchase 100% stock rights of Chongqing Woasis Company (hereafter called Woasis) and its subsidiary enterprises with 300million Yuan cash. LIFAN announced the same day, planning to invest 100 million Yuan to become the shareholder of Shandong Hengyu New Energy Co., Ltd., totally 400million Yuan investment on new energy automobile industry, reflecting LIFAN’s determination on enhancing the competitiveness in new energy automobile field.

As per the announcement, the Woasis is based on Internet of Things, having developed wireless internet of things platform. The independently developed eWin wireless internet of things system has been successfully applied in civil aviation airport, high speed railway and intelligent transportation system, which gradually form the criterion or standard of mobile informationalization in various industries. And Shandong Hengyu which LIFAN invested for being shareholder has the advantages on ternary lithium battery, which can facilitate the company to establish independent new energy battery production line and reduce the purchase cost of new energy automobile battery.

Lifan Shares, through the purchase and capital increment, will efficiently advance the implementation of Lifan i.Blue 1.0 new energy strategy, in favor of further strengthening the comprehensive competitiveness of Lifan intelligent new energy car.