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2022 – 2024 — China

**Summary:** Livan Automotive, a partnership between Lifan Group and Geely Qizheng, a subsidiary of Zhejiang Geely Holding (ZGH), emerged in 2022 through the integration of Geely's Maple and Lifan Technology. Primarily focused on the battery-swapping electric vehicle segment within China, Livan utilizes Geely's established frameworks to produce electric vehicles under the Livan and Maple banners. The company's strategic direction also includes the positioning of Livan as Geely's cost-effective brand in international markets like Russia, highlighting its commitment to catering to diverse consumer segments. By leveraging the strengths of its parent companies and tapping into emerging trends like sustainable mobility solutions, Livan Automotive is poised to carve a niche for