Jun 09, 2023 05:44 AM

BUSINESS

Shandong Court Boots Levdeo’s Bankruptcy Petition as Immature

By Yu Cong and Denise Jia

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What’s new: A court in Shandong province dismissed a bankruptcy reorganization petition filed a month ago by Chinese electric vehicle manufacturer Levdeo, Caixin learned from the court.

The Weifang Changle People’s Court concluded that the conditions for Levdeo’s bankruptcy reorganization were not perfect and were immature, “mainly because there is no specified investor,” a Levdeo dealership in Hunan province told Caixin.

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