Lifan Au bag making machine to secures $14-mln contract from Philippines

Lifan Au bag making machine to secures $14-mln contract from Philippines
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Lifan Auto secures $14-mln contract from PhilippinesPublished: 12 Aug 2009 18:33:59 PST

Shanghai, August 12 (Gasgoo.com) Lifan Group, one of China's biggest motorcycle makers and now diversified into car production, has secured a 100 million yuan ($14.6 million) contract from the Philippines government for its 520 sedans, the Shanghai Securities News reports Wednesday.

This contract is the largest deal Lifan has ever won in its history. Under the contract, Lifan will export 2,000 units of its 520 sedan to the country to be used as taxis.

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