LeEco’s EV Unit Le Supercar Names New CEO As Co-Founder Ding Lei Steps Down

Ding Lei, co-founder and chief executive officer of China of LeEco's electric car affiliate Le Supercar, has left the company due to personal health issues, the executive disclosed on his Weibo account today.

LeEco has appointed Zhang Hailiang, previously president and chief operating officer at Le Supercar, as the unit's new head. It also hired Niu Shengfu, a former SAIC Volkswagen executive in China, as chief operating officer.

Ding is a veteran automobile executive and government official previously at SAIC Volkswagen and SAIC General Motors, as well as serving in the Shanghai government, before joining Le Supercar in 2015. Even though he made it clear that his departure is purely due to personal considerations, industry watchers say it could be related to LeEco's financial troubles, which have put LeEco and its various subsidiaries' futu...

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