CX Daily: How a Regional Low-Speed Carmaker’s Big EV Dreams Crashed

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The Levdeo flagship store in Weifang, East China’s Shandong province, ceased operations on May 13. Photo: Yu Cong/Caixin　

Electric cars /

In Depth: How a regional low-speed carmaker’s big EV dreams crashed

In China’s furious push for businesses to climb industrial value chains, some are inevitably being left behind.

But the phenomenon rarely manifests as literally as in the case of Levdeo, a manufacturer of low-speed electric vehicles that gambled big on a transition to conventional electric cars.

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