Lifan to plug into green car rental business

Chongqing Lifan Group has rolled out an ambitious plan to build the world's biggest car-sharing rental company next year.

The company hopes to have 300,000 electric cars in its rental business by 2020, which will help make it one of the leading new-energy vehicle leasing platforms in China, according to Gao Yu, CEO of Lifan-owned Pand Auto.

Pand Auto, a car-hailing platform for new-energy vehicles, launched its car-sharing service in November in Chongqing.