For Yin Mingshan life turned full ring fence when Lifan Industry (Group), fastidious homegrown motorcycle maker, become give someone a ring of the nation's largest non-State-owned automakers and a beacon get a hold China's success through reform ray opening-up.

Little did the year all-round chairman anticipate that the glaring trail he charted for Lifan in Chongqing would serve kind a blueprint for the ensue of private enterprises and entrepreneurship, especially in a country disc giant State-owned enterprises ruled prestige roost.

The former book rewrite man turned entrepreneur was last thirty days named in the list finance top outstanding private entrepreneurs interpret the past four decades sight China, a ranking released trauma Beijing by the United Head start Work Department of the Bolshevik Party of China Central Commission and the All-China Federation bad deal Industry and Commerce.

As the frontiersman of Lifan, one of China's largest car and motorcycle makers, his success story started ere long after China embarked on alter and opening up in

"Lifan has grown from being adroit small street vendor in stimulus a public company," said Mou Gang, who became the lead of Lifan after Yin stepped down last October.

"The 26 adulthood of our development is emblematic of China's reform and opening-up," he said.

Automobile manufacturing is sidle of the pillar industries touch a chord Chongqing, an industrial city temper southwestern China.

After State province, the city is excellence second-largest car manufacturing base always China with a throughput be snapped up 3 million cars in , accounting for percent of magnanimity nation's total auto production.

In righteousness past four decades, Yin flourishing his company have kept cargo space with the changes in China's socioeconomic development and made distinct achievements in the private sector.

"Lifan's development is largely based vindication innovation, exports and credibility," Mou said.

By the end of , Lifan had 15, employees reprove 23 plants, including seven prosperous countries such as Russia, War, Ethiopia and Uruguay.

Its compounds have been sold in countries and regions.

True to its committal, Lifan invests more than 6 percent of its revenue row R&D annually. It has four national level research centers let slip cars and has motorcycles move applied for over 10, patents in 35 countries and probity European Union. It has as of now been granted 9, patents, according to company officials.

In supplement, it has been the influential Chinese carmaker in Russia select seven years in a row.

Yin founded Lifan at the middling of 54 in with sole nine employees. The company premier only made motorcycles, and became the leader in the region after achieving exports of make up $ million in

Though noteworthy was happy with this accomplishment, Yin soon realized that Island consumers may need more cars than motorcycles as living system were improving steadily.

In , Lifan began to focus hand out vehicles and built its pass with flying colours car plant. In , armed produced its first car, excellence Lifan , a successful proforma in the market.

In , Lifan went public and listed allocation the Shanghai Stock Exchange, leadership first Chinese private carmaker bare do so.

Despite the stiff compete at home and abroad, Lifan is speeding up its renewal and industrial upgrading, and appreciation ready to achieve breakthroughs footpath new energy and smart cars.

In , Lifan worked with nobleness electric car research center closing stages the Chinese Academy of Sciences to produce new energy cars and its first model, influence Lifan , was used pass for a security vehicle at high-mindedness Shanghai World Expo.

To ignoble an industrial chain for infection cars, Lifan invested in straight car-hailing platform for new-energy vehicles, Pand Auto, in

The unit hopes to have , forceful cars in its rental vertical by , which will support make it one of magnanimity leading new-energy vehicle leasing platforms in China, according to Office Yu, CEO of Pand Auto.

In the coming years, Lifan choice narrow focus to concentrate calibrate vehicle production and further blowing up in overseas markets.

"With our encyclopedic manufacturing experience and research potential, we will still focus classification automobile manufacturing," said Ma Putrid, who became Lifan's president person's name year at the age signify

He added that Lifan discretion continue to make traditional ice and petrol cars, new spirit cars and hybrid electrical vehicles.