Jia Yueting resigns all Leshi roles
Fleet, Ford’s Asia-Pacific chief, said in an interview he was “positive” and “optimistic” about the company’s sales in China in the second half. Jia Yueting, founder of Chinese internet company LeEco, resigned all his positions at the listed video-streaming arm Leshi Internet Information and Technology Corp. The move came as LeEco continues to struggle with a cash crunch and unpaid debt, which has prompted a local court to freeze almost all of Jia’s shares in Leshi, the Shenzhen-listed unit. Leshi said in a filing on Thursday that Jia stepped down as the chairman and exited the board of directors. He will focus on LeEco’s automobile unit, which is not listed. Sun Hongbin, chairman of the real state developer Sunac China Holdings, joined the board of Leshi. Sunac and other investors poured 16.8 billion yuan into LeEco at the beginning of this year. vehicles worldwide in the first quarter. It said the major factor affecting its Q2 deliveries was a severe production shortfall of 100 kilowatt-hour battery packs, which are made on new production lines using advanced technologies. Tesla produced 25,708 vehicles in Q2, bringing production for the first half of the year to 51,126, it said. For the second half of the year, Tesla said deliveries are likely to exceed those in the first half of the year.