Lantu Motor received a credit of 15 billion yuan from six banks to carry out strategic cooperation with Wuhan Economic Development Industry Investment Group.

CTOnews.com news on June 13, today, at the strategic signing ceremony of Lantu Automobile Bank and Enterprise, Lantu Automobile announced that the company had received a total of 15 billion yuan in credit from six major banks, including Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Bank of Communications, CITIC Bank and China Merchants Bank.

In addition, Lantu Automobile also announced the signing of strategic cooperation with Wuhan Economic Development Industry Investment Group.

Shen Jun, CFO of Lantu Automobile, said in an interview that the bank credit of 15 billion yuan was mainly due to the intelligent electric vehicle track of Lantu Automobile and the background of central enterprises. In addition, Lantu Automobile has sold more than 3000 units for many months in a row. This bank credit will enhance the risk resistance of Lantu Automobile's operation; in addition to credit, we also hope to have more cooperation with the bank in brand, sales, customer resources and so on.

CTOnews.com noted that in May this year, Lantu delivered 3003 new cars, an increase of 231% over the same period last year, achieving sales of more than 3000 vehicles for three consecutive months.