LeTV Auto Ecosphere: Zhejiang Moganshan Plant is progressing smoothly Tianjin factory is negotiating
On November 21st, in response to recent media questions about LeTV's factories in Zhejiang and Tianjin, LeTV announced today that the Zhejiang Moganshan plant is progressing smoothly and the Tianjin Jixian plant needs further negotiation.
According to the statement, according to the established project and capital planning, the Leshi Super Automobile Industrial Park and the automobile ecological town in Moganshan, Zhejiang Province will start construction before the end of the year; at the same time, LeTV and Tianjin Jixian County Government have only signed a letter of intent for cooperation. The work still needs further negotiation between the two parties.
According to public reports, on August 10 this year, LeTV and the Zhejiang Provincial Government jointly announced the official launch of the cooperation project in LeTV Supercar Eco-Experience Park, Smart Auto Industry Fund and Internet Finance. Among them, the automobile eco-experience park is located in Moganshan, Deqing County, Zhejiang Province, with a total investment of 20 billion yuan.
However, after a media entity visited, it was found that the project has not started construction. According to the press report, Deqing County Land and Resources Bureau public information shows that a plot of land for industrial use in the automobile manufacturing industry was hanged on November 10, with a transfer area of ​​900,364 square meters and a starting price of 310 yuan per square meter. The auction date is December 9 and the total starting price is approximately 279 million yuan.
Not only that, the relevant requirements also show that construction must be started within 10 months after the land is transferred, and at the same time, it is required to be completed within 36 months from the date of commencement of the contract.
Such a request undoubtedly poses a major challenge to LeTV's capital chain. It is understood that on November 6, Jia Yueting issued an open letter acknowledging the existence of LeTV's capital chain, and said that LeTV has already invested more than 10 billion, and still needs a lot of capital investment. On the other hand, LeTV's car project in the United States, Faraday, has repeatedly reported that it has stopped working. A US official even said that LeTV is a Ponzi scheme.
Although Jia Yueting’s classmates at Cheung Kong Business School announced last week that they would invest 600 million U.S. dollars in LeEco and said that the funds will be used for LeEco and LeEco, LeTV has not completely eliminated the market compared to the huge funding gap of auto projects. doubt.
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