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From Electrek: LeEco breaks ground at $3 billion electric car factory in China amid...

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 29, 2016.

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  1. RSSFeed

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    LeEco breaks ground at $3 billion electric car factory in China amid setbacks in the US with Faraday Future

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    There’s some confusion around the relationship between Faraday Future and LeEco’s LeSee electric car division beyond the fact that they were both founded by Jia Yueting. They are both separate companies – FF is based in the US and LeSee in China, but the technology behind LeSee’s electric sedan has been developed by Faraday.

    It’s a similar arrangement as the joint-ventures US automakers have with Chinese companies in order to produce vehicles in the country. There have been doubts about Faraday Future or LeSee’s ability to bring any vehicle to market after financial issues.

    Faraday Future had to delay work at its own factory in Nevada, but now LeEco announced this week that it broke ground at its $3 billion electric car factory in China. more…

    Filed under: Uncategorized [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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  2. Michael Russo

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    The LeEco(nomical) & business sense option for Jia Yueting may be to focus on his Chinese division first with whichever level of financing he secures... Le(st)See what he can actually pull off! :D
     
  3. Dan Detweiler

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    Well, they're light years ahead of Faraday Future at least.

    Dan
     
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    • Badback

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      Le(ts)See?
       
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      • TrevP

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        I don't think Faraday Future will make it honestly. CES is coming but they've run out of money and talent it leaving in droves. Factory is still a bunch of sand in the desert. Sad really I had hopes for them.

        I think Lucid Motors will be the one to watch. The Air is really nice but again, still a lot of unknowns.
         
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        • Michael Russo

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          Ok, @Badback, it really should have been Le(t's)See...
          Le(t's)See whether LeSee can pull it off! :D:p
           

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