China’s Le Holdings, or better known as LeEco has announced a 12 billion yuan investment (RM7.3 billion) investment to build an electric car plant in Eastern China, according to reports by Reuters, South China Morning Post and The Wall Street Journal.
The plant, which is part of LeEco’s proposed 20 billion yuan (RM12.1 billion) Eco Experience Park is estimated to have an annual output of 400,000 electric cars yearly by 2018. The company’s autonomous electric vehicle, the LeSEE, which was first unveiled as a concept in April, will be manufactured at the new facility. However, the company did not reveal when the factory will be completed, or when the first electric vehicles will roll off its assembly lines.
As a recap, the LeSEE is China’s answer to Tesla’s electric vehicles – an all-electric four-door sedan with a claimed top speed of 209 km/h. During its April reveal, the LeSEE was “summoned” onto the stage by LeEco chief executive Jia Yueting via a smartphone and from there it went off to park itself.
The company also has plans to penetrate the US market via its strategic partner, Faraday Future, as it plans to produce cars at a plant currently under construction near Las Vegas, and aims to begin selling its cars in the US by next year.
If you recall, Faraday Future revealed its FFZERO1 Concept at the 2016 Consumer Electronic Show (CES), which utilise an in-house Variable Platform Architecture (VPA). The flexibility of the VPA allows for a diverse range of vehicles, according to the company, ranging from compact hatchbacks, sedans, coupes, sports cars and many more.
GALLERY: LeEco LeSEE
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LeCopy of le Tesla.
China are clever. They are investing in the future. They know the future is electric cars.
Here in Malaysia, Proton Hybrid people have been waiting 8 years, Proton EV people have been waiting 3 years.
In Malaysia, we prefer to eat nasi lemak and sleep instead of investing in our future
Im sure u will be those that teach their kids its better to copy and succeed than try own but fail, right?
That’s the difference between Malaysian mentality and western mentality. Condemning others is what we do best! let’s put our countrymen down! Because we feel so good by doing so
Yes. Lets not condemn own pipu but kau kau condemn own products.
Wait u mean local products is not same as local pipu?
You seem to be assuming a lot of things. If you have been to China recently, you will know that for every copycat product out there, there’s a dozen original new innovations. To me what is most impressive is not the products, but the crazy enthusiasm the people in China has for the future. We need this positive enthusiasm in Malaysia more than ever.
The only positive attitude I see here is when MY pipu positively condemn own local products & efforts.
Is that the MY positive u were talking about?
We often hear about china made electrical items exploding…I wonder if this LeEco will also explode :D
Commie says sacrificing urself for the greater gud of the motherland is our duty
Has your pc/laptop you are typing on exploded yet?
i dont care who copies who, the more the marrier.
Waiting for the day, when u get up in the morning and breath of fresh air