OREANDA-NEWS. Chinese automaker Lifan plans to accelerate the terms of the project realization for the construction of car plant in the Lipetsk region. It was stated by the chairman of the board, Yin Mingshan, by confirming plans for the company once again.

As previously reported, Lifan will begin the construction of a full cycle of the plant in the Lipetsk region in the spring of 2015. Recall that the corresponding agreement with the regional government the company Lifan signed in October of the last year. The total investment is about 300 million Dollars. In the company, the launch is tentatively scheduled for the summer of 2017, it is planned to produce the whole range of Chinese brand - sedan model 650, 730, 820 and SUV models X40, X50, X55, X60 (second generation), X70, X80. The initial design capacity of the plant is 60,000 cars per year. The current lineup of Lifan in Russia consists of crossover X60, sedans Cebrium, Solano, Celliya and compact urban hatchback Smily. This year's lineup of Lifan must be also replenished by the new compact crossover X50.