London Electric Vehicle Company (LEVC), a renowned global high-end new energy auto brand, has recently established a fully-owned subsidiary in Hongqiao town, Minhang district, Shanghai.
This subsidiary aims to oversee the marketing and sales operations in East China, with an ambitious target of surpassing an annual vehicle sales volume of 1 billion yuan ($138.05 million).
Having secured its business license in Hongqiao town, the company has secured a 2,362-square-meter property that has been sectioned off for office space, showrooms, and sales activities.
LEVC, a subsidiary of China's Zhejiang Geely Holding Group, has a rich history dating back to its inception in 1908. Positioned as a high-end brand within Geely Group, alongside prestigious names like Zeekr and Volvo, LEVC is poised to capitalize on Geely Group's global supply chain to introduce a diverse range of top-tier vehicle models.
