Lifan Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Debt crisis and bankruptcy reorganization
Lifan’s controlling shareholder reported an inability to repay due debts and sought court-supervised bankruptcy reorganization. The listed company was placed under a delisting-risk warning.
2020
Securities investigation involving founder’s family
The China Securities Regulatory Commission reportedly investigated Yin Mingshan, his wife, and two children for suspected violations.
2016
New energy vehicle subsidy applications failed to meet requirements, pre-allocation eligibility revoked
In 2016, 2,395 new energy vehicles from Lifan Passenger Vehicle were found not to meet the conditions for subsidy applications. The Ministry of Finance declined to grant subsidies and revoked the company's eligibility for pre-allocation of central government subsidy funds for that year; in 2017, the Ministry of Industry and Information Technology suspended the relevant qualifications and required rectification.
2016
Affiliated company occupied listed company funds, drawing regulatory attention from the exchange
In 2016, the exchange determined that Mobao Technology, under the controlling shareholder, had cumulatively occupied 411.5 million yuan of Lifan Shares' funds during 2015, with a period-end balance of 176.8 million yuan. The exchange issued regulatory attention to the company and the responsible persons.
2004
Honda trademark disputes
Honda successfully challenged Lifan’s use of the Hongda motorcycle name, and also brought a separate action concerning motorcycle badges alleged to resemble Honda branding.