Welcome to Caixin's Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China's tech scene. A regional automaker's EV dreams hit the wall In China's furious push for its firms to climb industrial value chains, some are inevitably being left behind. But the phenomenon rarely manifests as literally as in the case of Levdeo, a manufacturer of low-speed electric vehicles (LSEVs) that gambled big on a transition to conventional electric cars.

https://www.caixinglobal.com/2023-08-11/tech-insider-regional-automakers-dashed-ev-dreams-alibabas-comeback-102092375.html

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