Levdeo
{{short description|Chinese automobile manufacturer}}
{{Infobox company
| name = Levdeo
| trading_name = Levdeo Automobile Group Co., Ltd.
| native_name = 雷丁汽车集团有限公司
| native_name_lang = zh
| former_name = Shandong Mailad Energy Power Technology Co., Ltd.
| module =
| logo =
| type = Private
| traded_as =
| industry = Automotive
| foundation = {{start date and age|2008}}
| founder = Li Guoxin
| defunct = {{End date|2023|05}}
| fate = Defunct
| location = Weifang
| hq_location_city = Shandong
| hq_location_country = China
| key_people = Chairman: Wang Dejin
| products = Pure electric vehicle
| owner = Bidwin Holdings Group Co., Ltd.（100%）
| num_employees =
| homepage = {{URL|www.levdeo.com}}
}}
Levdeo ({{zh|c=雷丁}}) or LETIN was a Chinese motor vehicle manufacturer headquartered in Shandong, China, that specializes in producing electric vehicles, marketing its models under the Letin brand until 2023.
History
Li Guoxin is registered and established Weifang Bidwen Electric Vehicle Manufacturing Co., Ltd. in 2002 and entered the electric bicycle manufacturing business.
He founded Levdeo in 2008, and is based in Shandong. It was originally a low-speed electric vehicle company that produced Neighborhood Electric Vehicles.
In 2010, he registered and established a subsidiary, Bidwen Holding Group Co., Ltd., which is the controlling shareholder of Levdeo.
In April 2018, Levdeo Auto acquired Shaanxi Qinxing Auto, thereby obtaining the production qualification of new energy commercial vehicles and special vehicles and establishing a production base in Xianyang; In January 2019, Levdeo acquired Yema Auto in order to enter the full size electric vehicle market. Levdeo revealed plans to strategically reorganized it, with plans to launch electric vehicles built on existing Yemo gasoline vehicle platforms and upgraded low-speed electric vehicle platforms under the newly launched Letin brand.{{cite news|url=https://www.chinapev.com/ev-2/levdeo/levdeo-acquired-yema-auto-to-enter-to-china-ev-market/|title=LEVDEO Acquired YEMA Auto to Enter to China EV Market.|website=chinapev.com|date=20 June 2019|access-date=6 February 2021}}
Levdeo launched the i3 under the Letin brand in 2019. The i3 is available in 3 variants, the i3 Base, i3 K-version, and the i3 Comfort. Its dimensions measure 3420 mm × 1500 mm × 1570 mm, and a wheelbase of 2297 mm, with a kerb weight of 830 kg. It takes 9 hours to fully charge.{{Cite web|url=https://wattev2buy.com/levdeo-i3-ev/|title=Levdeo i3 EV|website=wattev2buy.com|date=22 July 2019 }} The base price is ¥62,800.{{Cite web|url=https://www.facebook.com/carnewschina/posts/levdeo-i3-and-i5-launched-on-the-chinese-car-marketlevdeo-is-an-ev-maker-from-ch/2653275938038418/|title=Levdeo i3 and i5 launched on the Chinese car market|website=Facebook}}
The i5 was also launched under the Letin brand in 2019. It is available as the i5 Base model and the i5 Comfort model. It measures 4055 mm × 1630 mm × 1510 mm. The wheelbase is 2400 mm and its weight is 1010 kg. Its base price is ¥75,800.{{Cite web|url=https://wattev2buy.com/levdeo-i5-ev/|title=Levdeo i5 EV|website=wattev2buy.com|date=22 July 2019 }}
Levdeo's third vehicle was the Letin i9, which was launched in 2020 based on the same platform as the Yema T60 (博骏, Bojun), or essentially a rebadged Yema EC60. Its dimensions are 4360 mm × 1830 mm × 1660 mm, a wheelbase of 2550 mm, and a kerb weight of 1510 kg. It takes 7 hours to charge fully. It costs ¥115,800.{{Cite web|url=https://wattev2buy.com/levdeo-i9-ev-suv/|title=Levdeo i9 EV|website=wattev2buy.com|date=22 July 2019 }}{{Cite web|url=https://www.chinapev.com/ev-2/levdeo/levdeo-launched-i3i5i9-pure-ev-in-china-market/|title=Levdeo Launched i3{{!}}i5{{!}}i9 Pure EV in China Market|website=chinapev.com|date=21 September 2023 }}
According to relevant statistics, from January to October 2022, Levdeo's cumulative sales were 6,878 units.{{fact|date=August 2024}} The company's production base in Mianyang was originally scheduled to be completed in August 2022, but the project was delayed due to the COVID-19 epidemic and the continued high temperatures in China in 2022.{{fact|date=August 2024}} On November 21 of the same year, Levdeo completed its Series A financing with a total financing amount of 3.2 billion yuan, led by Weifang Weicheng Western Investment Development Group, and followed by state-owned capital, industry and private capital from Shandong Province and cities.
According to media reports, Li Guoxin had a close relationship with Wang Shuhua, former vice mayor of Weifang and secretary of the Changle County Party Committee. On September 28, 2020, Wang Shuhua was investigated for suspected serious violations of discipline and law, during which Li Guoxin was taken away to assist in the investigation. After the investigation, Li Guoxin handed over the management of Levdeo to a professional manager and then immigrated to Canada with his family. In December of the same year, Li Guoxin resigned from all positions in the parent company Bidwin.{{fact|date=August 2024}}
In December 2021, several dealer managers stated that Levdeo had delayed payment to dealers. In November 2022, Levdeo said in an interview with the media that funds and production capacity were relatively tight, and vehicle delivery could only be guaranteed in key markets and key regions.
On January 14, 2023, Li Guoxin published an article on the WeChat official account of Levdeo, reporting the Changle County Party Secretary {{ill|Wang Xiao (Chinese politician, born 1962)|lt=Wang Xiao|zh|王树华}} by real name, accusing Wang Xiao of forcing Levdeo to falsely report its output value of 4.683 billion yuan in order to highlight local political achievements since March 2022. In July 2022, the loan guaranteed by the Changle County government for the acquisition of Mustang Automobile expired, but Wang Xiao did not renew the loan for the company. As Levdeo did not receive government support and could not obtain financing, the factory was shut down. On the same evening, Weifang City officials announced that Shandong Province had set up a joint investigation team composed of relevant provincial and municipal departments to enter Changle County to investigate the matter.{{cite news |title=被逼虚报产值近50亿！雷丁汽车创始人实名举报当地县委书记，官方回应 |url=https://finance.sina.cn/chanjing/gsxw/2023-01-16/detail-imyaishr1339755.d.html |accessdate=2024-07-11 |work=第一财经 |date=2023-01-16}} On July 25, 2023, the Shandong Provincial and Municipal Joint Investigation Team reported the relevant situation, pointing out that because the Changle County Government's continued financing support for the enterprise "did not comply with relevant national and provincial and municipal regulations", the government did not apply after comprehensive analysis, and after investigation it was found to be in compliance with regulations. Regarding the error in the total industrial output value of Levdeo, the notice pointed out that Levdeo actually falsely reported 4.543 billion yuan and promptly corrected the relevant data. The investigation determined that the Changle County Industry and Information Technology Bureau and the Zhuliu Street Office where Levdeo is located had interfered with statistical data. Regarding the issue of Wang Xiao, secretary of the Changle County Party Committee, forcing enterprises to falsify statistical data, the whistleblower was unable to provide evidence after questioning. Afterwards, the county party and government agencies and enterprise leaders were interviewed and questioned. None of them reflected that Wang Xiao interfered with statistical data. The investigation determined that the relevant departments were responsible for negligence and Wang Xiao bore the primary leadership responsibility for this.The local disciplinary inspection and supervision authorities have dealt with the nine responsible persons involved in this case.{{cite news |title=山东通报雷丁汽车公司实际控制人举报事件调查结果 |url=http://www.news.cn/politics/2023-07/26/c_1129768138.htm |accessdate=2024-07-12 |work=新华社 |date=2023-07-26}}
In May 2023, Levdeo applied for bankruptcy according to Court of Changle County Weifang City. {{Cite web |title=消失数月后，雷丁汽车申请破产 |url=https://auto.gasgoo.com/news/202305/6I70340179C501.shtml |access-date=2023-05-08 |website=auto.gasgoo.com}} As of January 5, 2024, the total amount of execution against Levdeo exceeded RMB 120 million.{{cite news |title=雷丁汽车等被强制执行 2976 万，总金额已超 1.2 亿元 |url=https://m.jrj.com.cn/madapter/finance/2024/01/07191639003904.shtml |accessdate=2024-07-13 |work=IT之家 |date=2024-01-07}}
On April 30, 2024, Levdeo completed bankruptcy reorganization.{{cite web |title=山东省昌乐县人民法院民事裁定书 （2024）鲁0725破1号|url=https://pccz.court.gov.cn/filedownload/2024/2024-04-30/%E8%A3%81%E5%AE%9A%E4%B9%A61714469148398.pdf?fn=%E8%A3%81%E5%AE%9A%E4%B9%A6.pdf |website=全国企业破产重整案件信息网 |accessdate=2024-07-14}}
Vehicles
=Current models=
Levdeo currently{{when|date=August 2022}} has 10 production vehicles.{{Cite web|url=https://wattev2buy.com/levdeo-ev-models/|title=Levdeo EV Models|website=wattev2buy.com|date=22 July 2019 }}
==[[Letin Mengo]] (Pro)==
- Body style: Citycar
- Doors: 5
- Seats: 4
- Battery: 17 kWh
- Production: 2020–2023
- Revealed: 2020
File:Yema Letin Mango 003.jpg|Letin Mengo
File:Yema Letin Mango 002.jpg|rear
==Levdeo i3==
- Body style: Citycar
- Doors: 5
- Seats: 4
- Battery: 17 kWh
- Production: 2019–2023
- Revealed: 2019
==Levdeo i5==
- Body style: Sedan
- Doors: 5
- Seats: 4
- Battery: 25.55 kWh
- Production: 2019–2023
- Revealed: 2019
==Levdeo i9==
- Body style: SUV
- Doors: 5
- Seats: 5
- Battery: 51.06 kWh
- Production: 2020–2023
- Revealed: 2019
File:Yema T60 003.jpg|Levdeo i9
File:Yema T60 004.jpg|rear
==Levdeo D30==
- Body Style: Hatchback
- Doors: 5
- Seats: 4
- Production: 2014–2023
- Revealed: 2014
==Levdeo D50==
- Body style: Hatchback{{Cite web|url=https://www.chinapev.com/specs/2014-levdeo-d50-ev-technical-specs/|title=2014 Levdeo D50 (EV) Technical Specs|website=chinapev.com|date=26 August 2022 }}
- Doors: 5
- Seats: 5
- Battery:
- Production: 2014–2023{{Cite web|url=http://whyshang.en.hisupplier.com/product-1337444-electric-car-LEVDEO-D50.html|title=electric car LEVDEO D50 |website=whyshang.com}}
- Revealed: 2014{{Cite web|url=https://www.ecvv.com/product/2911982.html|title=electric car-LEVDEO D50-1|website=ecvv.com}}
File:Levdeo D50.jpg|Levdeo D50
==Levdeo D60/E60==
- Body Style: Sedan
- Doors: 5
- Seats: 5
- Battery: 220V
- Production: 2015–2023
- Revealed: 2015{{Cite web|url=https://carnewschina.com/2014/12/23/levdeo-e60-ev-will-be-launched-in-china-in-2015/|title=Levdeo E60 EV will be launched in China in 2015|website=carnewschina.com|date=23 December 2014 }}
==Levdeo D70==
- Body Style: Hatchback
- Doors: 5
- Seats: 5
- Battery:
- Production: 2015–2023
- Revealed: 2015{{Cite web|url=https://www.chinapev.com/specs/2015-levdeo-d70-ev-technical-specs/|title=2015 Levdeo D70 (EV) Technical Specs|website=chinapev.com|date=26 August 2022 }}
File:Letin D70 IMG001.jpg|Levedo D70
File:Letin D70 IMG002.jpg|rear
==Levdeo S50==
==Levdeo G10==
- Body style: Bus
- Doors:
- Seats: 24
- Battery:
- Production: 2018–2023
- Revealed: 2018{{Cite web|url=https://www.facebook.com/509153802849375/posts/levedeo-electric-bus-g10-roll-off-the-line/572281966536558/|title=LEVEDEO Electric Bus G10 roll off the line|website=Facebook}}
==Levdeo V60==
- Body style: hatchback
- Doors: 3
- Seats: 4{{Cite web|url=https://wattev2buy.com/electric-vehicles/faw-electric-vehicles/|title=
FAW ELECTRIC VEHICLES|website=wattev2buy.com|date=
- Battery:
- Production:
- Revealed:
See also
References
{{reflist}}
{{Insolvent EV companies}}
{{Automotive industry in China}}
Category:Electric vehicle manufacturers of China