Gasgoo.com (Shanghai August 26) - Chinese electric vehicle manufacturer Levdeo announced that it would be offering direct subsidies of 10 percent to buyers of its vehicles, the Economic Daily reported today. The subsidies will reduce the price of its vehicles to just 29,800 RMB ($4,837). Levdeo has plans to begin mass commercial sales, with buyers able to customize the color and other details of their automobiles online. Experts point out that Levdeo's active stance and forward thinking attitude may allow it take advantage of business opportunities in the still fledgling new energy automobile market.