Aha, LITEPRO!
I know LITEPRO vey well.

From frames, forks, wheel sets, cranksets, to gear cables and bar grips, I have tried almost all types of LP components, because they have been really popular and easy to get.

LP parts are normally quite light! relatively very cheap!
For example, the LP Ultimate Lever, which is a brake lever that weighs 32g, is similar to another famous brand's product, but much much cheaper.

However, I DO NOT suggest you to buy LP frame, because sometimes LP quality is unstable. I have seen many defects on LP stuff. I bet that the frame you show could be 500g lighter than a DAHON frame, but I do doubt the durability.
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I would not worry if you tell me you are buying a LP seatpost or handlebar.