Levteo (Letin)
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Levteo, known as Levdeo (雷丁) and marketed under the Letin brand, was a Chinese electric vehicle manufacturer based in Weifang, Shandong. Founded in 2008, it began with low-speed neighborhood electric vehicles and later moved into full-size EVs, acquiring Shaanxi Qinxing Auto in 2018 and Yema Auto in 2019 and launching the Letin i3, i5 and i9 models.
02 / Levteo (Letin) FAILURE REASONS
Failure reasons
Levteo failed to keep up with advanced new-energy-vehicle technology while competing in China's cutthroat EV market, and its sales disappointed. From late 2022 it was swamped by debt disputes, with 93 civil cases brought against it over procurement, payments and loans, and it could not find an investor to support a reorganization.
03 / EVENT HISTORY
Events in the structured record
- Asset restructuring
LEVDEO/LETIN Automobile Group filed a bankruptcy review case (2023) Lu 0725 Po Shen No. 1 at Changle County Court, Weifang; TechNode/Caixin corroborate May 2023 bankruptcy filing (later reorganization path separately reported).
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
From October 2022, 93 civil cases were filed against the company over procurement, payment, loan and bidding disputes.
- 02
Filed for bankruptcy reorganization with a Shandong court on May 5, 2023.
- 03
The court rejected the petition on June 7, 2023, mainly for lack of an investor.
- 04
The company became defunct in May 2023.
- 05
No public loss figure was disclosed.