Recently, Xinhualian Group signed an agreement with LeTV Supercar. Xinhualian Group invested US$50 million to invest in LeTV Supercar, Fujun, Chairman and President of Xinhualian Group, and Jia Yueting, Chairman of Leshi Holding Group, and other signing ceremony.
Founded in 1990, Xinhualian Group is a top 500 Chinese company and has become a large modern enterprise group covering a wide range of industries including real estate, mining, chemicals, ceramics, urban pipelines, employment, and financial investment. LeTV is an emerging electric vehicle company based on the new technology of the global automotive industry. It is committed to building an intelligent transportation ecosystem. It has established production bases in the US and China, and the first batch of LeTV electric vehicles will be in mass production at the end of 2017. .
The investment of Lexus Supercar by Xinhualian Group not only promotes the rapid achievement of LeTV Auto Project, but also demonstrates Xinhualian Group's yearning for the automotive industry. As a large-scale modern enterprise group with multiple industries, Xinhualian Group may enter the transportation field in the future.
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