Mexican Media Brands
LeEco Plans EV Plant in China
Chinese consumer electronics giant LeEco plans to build a plant in Hangzhou, China, to make a production version of the LeSee electric car concept it introduced at the Beijing auto show in April.
#electronics #hybrid
Share
Chinese consumer electronics giant LeEco plans to build a plant in Hangzhou, China, to make a production version of the LeSee electric car concept it introduced at the Beijing auto show in April.
The company says it will invest 12 billion yuan ($1.8 billion) in the facility, which will have an estimated annual capacity of 400,000 units. The plant will be part of a $3 billion complex that includes a network of connected, self-driving vehicles and unspecified auto-themed entertainment areas. No timeline was given for the project.
LeEco (formerly LeTV) aims to integrate its smartphone and streaming services into next-generation vehicles. In addition to an electric drivetrain, the sleek LeSee concept sedan includes a host of connectivity and driver-assist features.
Earlier this year LeEco signed a memorandum of understanding with Aston Martin Lagonda Ltd. to launch a production version of the British carmaker’s RapidE concept electric vehicle by 2018. LeEco’s founder, billionaire Jia Yueting, also is one of the primary investors in California-based Faraday Future Inc., which is developing its own EVs.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Lincoln Corsair Takes Flight
“We wanted to create a dramatic, youthful Lincoln with terrific harmony.” And with the Corsair, they’ve accomplished what they set out to do.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.