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.”