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Faraday Future attempts to line up $1 billion as LeEco parent founders

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Faraday Future attempts to line up $1 billion as LeEco parent founders

Faraday Future, the ambitious electric vehicle startup, is reportedly seeking a huge injection of funds from external sources, as its Chinese backers run into serious money issues. The company has begun drawing up plans to procure around US$1 billion ($1...

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Chinese Tesla rival announces $2.3 billion factory, electric entertainment complex
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Chinese Tesla rival announces $2.3 billion factory, electric entertainment complex

LeEco, the Chinese tech company that is partnering with Aston Martin to produce the RapidE EV, has announced its plans to build a $2.3 billion factory for its upcoming LeeSee electric sedan. The South China Morning Post reported this week that the company’s new manufacturing facility will be built in Deqing county, located in the Zhejiang province in China, which is just over two hours south-west of Shanghai by car...


LeEco LeSee electric sedan revealed for Beijing motor show
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LeEco LeSee electric sedan revealed for Beijing motor show

Chinese tech company LeEco, already known for backing electric vehicle startup Faraday Future and Aston Martin's upcoming RapidE EV, has revealed an ultra-green offering of its own. Formerly known as LeTV, often described as 'the Netflix of China', LeEco has expanded its operations beyond entertainment to focus on other products like electric vehicles (EVs)...