BUENOS AIRES, Oct. 5 (Xinhua) -- Chinese automaker Lifan has recently unveiled its new model X50 in Argentina, where the small-size SUV will sell for 245,000 pesos (about 16,333 U.S. dollars).

"October is Lifan X50 month," the carmaker announced in a press release, saying the compact crossover SUV will be available at "a promotional introductory price" at the company's showrooms in Buenos Aires and three other cities.

"Since we presented the model (at the 2014 Beijing Auto Show) we have had a very good response from the public," said Paula Cavicchioli, general director of Lifan Argentina.

"At first glance, the Lifan X50 draws your attention with its attractive design, and when you take into account how well-equipped it is and the price, people are surprised," she added.

The vehicle is the third Lifan model unveiled for the Argentine market.

In March, the company launched the Lifan X60, one of the largest SUVs in its class, and in April it presented the Foison Truck, a dual-row mini truck that compared with the same-class competitors "has more room, (and) stronger load bearing capacity and power."

Lifan Argentina has 11 showrooms in the Greater Buenos Aires area and in the cities of Rosario, Ushuaia and Bahia Blanca.

The Lifan X50, a "city SUV," is powered by a 1.5L VVT engine and has front-wheel steering and other features.

Lifan was introduced to Argentina during the Buenos Aires International Auto Show in June 2015 and has accelerated its expansion in this region.