Lifan subsidiary reports strong September production, sales, receives government grant

Chongqing Qianli Technology Co., Ltd. announced robust performance for September 2025, with total production reaching 12,057 units, a 408.09% year-on-year increase. Cumulative production for the year to date reached 57,654 units, up 158.45% from the previous year. Sales also surged, with 12,568 units sold in September, representing a 171.10% year-on-year increase. Year-to-date sales totaled 72,585 units, a 96.50% rise compared to the same period last year.

The strong figures were partly driven by new energy vehicle sales, which include models produced by Zhejiang Geely Automobile Co., Ltd. and Zhejiang Haoqing Automobile Manufacturing Co., Ltd. Overall, new energy vehicle production for September stood at 4,282 units (up 975.88%), with sales at 4,423 units (up 106.68%).

Chongqing Qianli Technology Co., Ltd. also disclosed the receipt of a government grant totaling 7 million yuan on September 30, 2025. This amount represents 17.49% of the company's audited net profit for the most recent fiscal year. The company will account for this as an income-related government subsidy, with final figures subject to audit confirmation.