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  • Company Updates
LeTV to produce smart cars
( China Daily )
Updated: 2015-03-30

LeTV Holdings Co Ltd, owner of a Chinese online video portal, will work with Beijing Automotive Group Co Ltd to develop smart cars, the companies said.

LeTV will provide software and Web-connectivity systems for the automaker's cars. The first car will be introduced at a Shanghai auto show this summer. China offers subsidies and other incentives to the electronic vehicle producers.