StartUp NewsTechnology

LeEco Makes Comeback With A Plan To Build $1.8 Billion EV Factory

Good Going, LeEco!

LeSee Innovative Electric Car by LeEco

Chinese Technology Company, LeEco recently proclaims its plans to invest over $1.8 billion for building an autonomous electric car manufacturing factory. The factory will be located in Zhejiang province in China and is estimated to produce 400,000 electric vehicles with self-driving feature annually.

Some Interesting Features of LeSee

Apart from being a self-driven electric car, LeSee also has the capability of self-parking using voice command through a mobile app. Also, it has front doors and back suicide doors that can acclimatize to the shape of the passengers’ bodies. Moreover, there are touch screens behind the front seats.

Future Plans of LeEco

This revolutionary step of LeEco is amazing and the company has shown off innovative prototypes electric vehicles, but the truth is that it has not built or sold any yet. According to sources, LeEco is planning to launch its autonomous versions at the Beijing Auto Show on April 24th. LeEco wants to strengthen its bond with partner Faraday Future, which is building its own $1 billion EV factory in Nevada and is planning to build its second factory in Vallejo, California.

Why LeEco choose electric cars after TV’s and phones? Please share your thoughts in the comments section below.

Subscribe with us to get your dose of interesting news, research & opinions in the startup segment. Fill the form below:

[email-subscribers namefield=”YES” desc=”” group=”Public”]


Get Free Email Updates!

Signup now and receive an email once I publish new content.

I agree to have my personal information transfered to ConvertKit ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

The Author

Startup-Buzz Team

Startup-Buzz Team

Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

Previous post

When Selling Is A Startup’s Best Option

Next post

Flipkart’s First Intl. Office In The Silicon Valley