Posts Tagged LeEco

LeEco Breaks Ground On $3 Billion Factory In China

We have seen many reports that Faraday Future (of whom recently debuted its 378 mile supercar in Las Vegas) may be in trouble. Production is currently halted on its Las Vegas factory, reportedly due to the fact that the company is behind on bills. This hasn’t stopped Faraday’s parent company,…

2 months ago by Steven Loveday 19

Faraday Future Secures $600 Million In Funding

Recently we reported that Faraday Future was facing issues related to unpaid bills, possible work stoppage, and loss of company credibility. New reports state that China-based Leshi Holdings, has rounded up $600 million in secured support for Faraday’s automotive efforts and parent company LeEco’s high-tech business pursuits. According to Reuters,…

4 months ago by Steven Loveday 20

LeEco Raises Over $1 Billion For Electric Car Development

LeEco, which earlier this year unveiled at the Auto China in Beijing the LeSEE concept and hinted at a $2 billion EV factory investment, has raised $1.08 billion. The capital was injected by Legend Holdings Corp., Yingda Capital Management Co. and China Minsheng Trust. With the additional billion it should be…

6 months ago by Mark Kane 7