Is Lifan Technology a State-owned Enterprise?

Lifan technology is a state-owned enterprise. Lifan Technology (formerly Lifan Industrial Group Co., Ltd.) is a state-owned enterprise in China. Lifan Technology is one of the important automobile and motorcycle manufacturers in China, headquartered in Chongqing, China, and established in 1992. The company is mainly engaged in the development, manufacture and sales of automobiles, motorcycles and related parts. As a state-owned enterprise, Lifan Technology plays an important role in the economic and industrial development of China. State-owned enterprises refer to enterprises owned or mostly owned by the state, and usually assume control and management responsibilities.