Mini EV Startup Levdeo Goes Bust

What’s new: Chinese electric vehicle manufacturer Levdeo, also known as Letin, filed for bankruptcy reorganization with a court in Shandong province amid a welter of legal disputes.

The 11-year-old company, a producer of mini-sized purely electric cars, has been engulfed in a growing list of debt disputes since late 2022. According to business database Tianyancha, 93 civil cases were filed against Levdeo since October 2022 involving disputes on procurement contracts, payments, loans and bidding deals. The plaintiffs include Levdeo’s suppliers, dealers and financial institutions.,