Lantu’s first SUV BIW comes off line

Recently, the new brand Landu of Dongfeng Group’s medium and large high-end intelligent electric SUV BIW came off the line. It is reported that the body in white uses 31% hot formed steel and up to 75% high strength steel, and the first model will be launched in the third quarter of 2021.
It is understood that it took 100 days for lantu Auto to launch its first BIW on November 6 after its brand strategy was released on July 29, and its mass production landing speed set the fastest record in the auto industry.
From 2021, Landau will launch no less than one new car to the market every year. In the next three to five years, Landau’s auto products will cover many market segments such as cars, SUVs and MPVS.
News shows that Dongfeng Motor Group Co., Ltd. raised funds to invest in projects of 21.033 billion yuan, a new gem highest fund-raising record.
According to the prospectus, after deducting the issuance expenses, the funds raised by Dongfeng Group’s A-share IPO are intended to be used for new brand high-end new energy passenger vehicle projects, new generation vehicles and forward-looking technology development projects, as well as supplementary working capital.