What is the relationship between Li and Lifan?

Li and Lifan Motor have nothing to do with these two brands. Previously, Li acquired chongqing lifan Automobile Co., Ltd., while chongqing lifan Automobile Co., Ltd. was only a subsidiary of Lifan Technology and a branch of Lifan. Besides automobile business, Lifan also owns motorcycle, engine and airplane business. On February 9, 2022, the name of chongqing lifan Automobile Co., Ltd. (Lifan Automobile for short) was changed to Chongqing Ideality Zhizao Automobile Co., Ltd. (Ideality Zhizao for short). In the early days, Li You Lifan was the OEM, but after Ideality acquired Lifan Automobile Co., Ltd., Ideality realized independent production through its own factory. Therefore, today's Li is not the main engine factory of Lifan, nor is Li Lifan Automobile. However, even so, the impression that Li was contracted by Lifan has long been branded in the hearts of domestic consumers. In addition, Ideality also directly acquired Lifan Automobile, so everyone will think that Li is Lifan Automobile, and thus think that there is a certain relationship between the two, but it is not.