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Chongqing builds financial leasing company for new energy vehicles

CHONGQING – New Energy Vehicle Industry Development (Chongqing) Co., Ltd. and Chongqing New Energy Vehicle Financial Leasing Co., Ltd. invested by Chongqing Liangjiang New Area Development and Investment Group, Chongqing Sokon Industrial Group Co., Ltd. and Lifan Industry (Group) Co., Ltd. were set up on September 22, reported Chongqing Daily.

Registered capital of the two newly built companies were ¥100 million ($15.9 million) and ¥400 million respectively.

The two companies will focus on vehicles, lithium batteries, electronic controls, electric motors and telematics manufacture, promoting Lifan and Sokon to build leasing and marketing platforms for NEVs

The two companies are committed to building strategic partnership with firms in the whole NEV industry chain so as to enhance Chongqing’s significance in the industry nationwide.

Chongqing New Energy Vehicle Financial Leasing Co., Ltd. will provide financial leasing service for 2,000 NEVs of Lifan this year.

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