OREANDA-NEWS. Lifan Industry Group plant, the first stone at the base of which was laid solemnly in the Lipetsk region on July 16th; it will be produce the whole range of the Chinese brand: X60 crossover, sedans Lifan Cebrium, Lifan Solano, Lifan Celliya and urban hatchback Lifan Smily. They will be produced on a full cycle - including welding and painting. Produced cars will be sold in Russia and they will be delivered abroad. Payback period - is seven years, by 2023 the company plans to increase the share of sold passenger cars in Russia from 1.04% to 1.9%.

The company plans to invest up to 300 million dollars in the creation of production, but it does not rule out further increase of the amount of investments - based on the start of production of engines.