Mexican Media Brands
Internet Tycoon Hopes to Make Electric Cars in China
Jia Yueting, founder of China's Leshi Internet Information & Technology Co., has applied for permission to build electric cars in the country.
#hybrid
Share
Jia Yueting, founder of China's Leshi Internet Information & Technology Co., has applied for permission to build electric cars in the country.
The billionaire predicts the Leshi venture eventually will surpass U.S. tycoon Elon Musk's Tesla Motors Inc. EV company. Jia's plan comes as China signals it will encourage innovation by issuing carmaking licenses to companies not already in the auto industry.
China also is eager to promote its EV market. The country wants to put 500,000 EVs and plug-in hybrids on the road by the end of 2015 but so far has sold fewer than 100,000.
RELATED CONTENT
-
Electric Trucks Emerging
Rudolph Diesel—who, incidentally, died mysteriously while traveling by a post office steamer on the English Channel in 1913—must be rolling in his grave.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Frito-Lay, Transportation and the Environment
Addressing greenhouse gas reduction in the snack food supply chain