Top 10 Chinese automotive market highlights

LeTV developing electric vehicles

Provided to China Daily

LeTV's boss Jia Yueting said on Sina Weibo in early December that his company plans to develop cars, which will make it the first Internet firm to do so. On Jan 20, the company made public its plan on to build smart, Internet-based electric cars. LeTV said it has established a research and development team of about 260 engineers in Silicon Valley in the United States and they have been working on the electric car program for more than a year. The company has released a user interface for cars and said its vehicles would use its self-developed Letv Operating System, or LeOS.