The incident originated from Lifan Motor, and this is not the first time that the company has defaulted on its debts. In the report, Lifan owes a lot of money to the sellers, such as liquidated damages, deposits and vehicle rebates. Lifan's overall performance is amazing. It can be regarded as that you can't sell your car and are ready to start selling yourself. We are deeply saddened that Yin Mingshan, founder of Lifan Group, can come to this day.

Mention this person is indispensable to the title of the richest man in Chongqing. Yin Mingshan really has the ability to set up Lifan Group when investing in motorcycle business. In 10, we successfully achieved the status of "monopoly" in Chongqing. For Yin Mingshan, we admire his vision and ability even more. It is not easy to reach the richest man in Chongqing at the age of 72.

17 years, Yin Mingshan abdicated to his cronies MouGang. Unfortunately, when the new official took office, he encountered a trough in the automobile industry. Lifan suddenly fell into an embarrassing situation, and then Lifan sold its assets twice in a row to operate. I sold my vehicle production base to others, and 18 transferred it to a subsidiary. Although I got some money, I still can't make up the gap.

After that, Lifan even suffered a sales crisis, and the data comparison showed that Lifan's sales quota declined seriously. Sales of new energy vehicles are even more bleak, and businesses such as motorcycles, motorcycle engines and general gasoline continue to decline. For a time, the debts of dealers and suppliers were all on us. How big the pattern was before, how big it is now. Now Lifan has been frozen for three years and is going through a stage of "death".