Letv speaks out over electric car plans

Entertainment firm's move to enter auto world divides industry opinion

Chinese Internet entertainment giant Letv has set up a company responsible for its electric car program, it said at a press conference in Beijing on Jan 20.

It was the first time that Letv spoke publicly about its plans to expand into car making since its president, Jia Yueting, mentioned the program on Sina weibo, a twitter-like social networking site, in December.