Leahead Electric Vehicles
One of the two Toyota ventures the Guangzhou-Toyota JV focuses on making cheap electric cars for the masses, the other being Ranz, an FAW Toyota JV. Leahead stands for ‘Leap Ahead’ which in Chinese is Lingzhi (领志).
“They’ll do some token launches and token sales, but I’m not expecting any waves,” said Ashvin Chotai, Managing Director of Intelligence Automotive Asia. “This is just a distraction, an unwanted headache.”
Top 5 EV News Week 32 2020 | Cadillac Lyriq unveiled. Yet another Chinese EV startup IPO. Three new EV models launched this week.
Top 5 EV News Week 31 2020 | Successful IPO for CHJ Auto, Kandi finally enters the USA, Mitsubishi pays the cost for failing EV strategy.
Top 5 EV News Week 30 2020 | Chengdu Auto Show, Hozon Neta IPO, VW invest in China, eVito Tourer for sale