LeEco Not Approved To Sell Electric Cars In China

AUG 25 2016 BY ERIC LOVEDAY 9

LeEco LeSEE

LeEco LeSEE

LeEco LeSEE

LeEco LeSEE

Despite its promise to build a $2 billion factory in China capable of outputting 400,000 units annually, LeEco has yet to receive regulatory approval to build a single car in China.

This news comes to us via Forbes. The news site decided to look into LeEco and, as is often the case with Chinese automakers, there’s lot of promises, but little to back up those claims.

Forbes states:

“LeEco does not have the required license of the Chinese government to manufacture electric cars. A spokesperson for LeEco told Chinese media that the company has applied for a license, that the approval is “pending,” and that the current lack of a license is “not a big problem.”

“In China companies need official permission for everything, ranging from investments to takeovers to new factories. The decision and approval processes can take very long and usually involves the central government, various agencies, and local governments.”

This makes it seem as though LeEco is nowhere close to produces an actual workable car then, as it still needs the license to make the car and a permit to begin building a factory.

Forbes concludes:

“LeEco seems to be operating on the limit at the moment; the announcement of the factory apparently came as a complete surprise for the authorities, and the high officials in the capital hate surprises. Still, with all the capital and goodwill invested there isn’t really a way back; LeEco will likely get its license eventually, but it sure didn’t make things easier.”

So, eventually a car will be made with the LeEco badge, but don’t expect it anytime soon.

Source: Forbes

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9 Comments on "LeEco Not Approved To Sell Electric Cars In China"

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Oh shock, alarm, and amazement!

I am ASTOUNDED!!!

The back seat though……
WTF?!?!?!?!?

My best explanation is that they want a two seat show car so they made it impossible to sit there. Odd they left in the headrests, though.

His strategy is to compete in the United States first with tesla through faraday future. Also his company midea bought the main car manufacturing robot producer Kuka in Germany. He will make money if he produces cars or if others produce cars using his robots. By the time he produces in Nevada and Vallejo he will also get his approvals in China, I wouldn’t worry too much about that. I see it clearly in my solar powered crystal ball.

Did Tesla wait for EU approval before developing the P100D? Of course not. They built it and then applied for approvals.

It’s the same case here. This story is just ridiculous Tesla fanaticism. The venom against the Chinese on this site is remarkable.

Apparently in the view of your anti-Tesla reality distortion goggles, actual facts qualify as “venom”.

Businesses in China operate on the principle of caveat emptor… on steroids! It is truly astounding to see those who defend the Chinese habit of cheating the customer wherever possible, asserting that it’s the customer’s responsibility to check every individual item that is shipped to them (not just spot-check) to make sure it’s what they paid for.

BYD has established a good reputation for delivering what they promise, and that has served them well by rapidly increasing sales. But far too many Chinese automotive startups are yet more examples of how Chinese entrepreneurship amounts to finding new ways to cheat the customer.

The distrust of Chinese business is hardly notable or remarkable. It’s called intelligence. Perhaps you should consider looking into it.

Because a differing view or an interpretation you don’t agree with, denotes a lack of intelligence.

There’s some intelligence.