Posts Tagged Jia Yueting

LeEco

LeEco’s Founder Jia Yueting Steps Back From Struggling Business. Faraday Future’s Future Unclear (update)

LeEco, the Chinese parent company of Faraday Future, is currently undergoing a massive restructuring, and now an executive reshuffle after earlier bold plans turned out to be well under-capitalized, causing a cash-crunch at the company. LeEco’s founder Jia Yueting is being replaced as general manager of Leshi Internet Information & Technology Corp…

5 months ago by Mark Kane 28

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,…

10 months ago by Steven Loveday 19

China’s Jia Yueting Aims To Outmuscle Elon Musk?

Chinese billionaire Jia Yueting says that Tesla is a great company that has taken the global car industry into the EV era. The entrepreneur is also the force behind the LeEco and Faraday Future electric vehicle start-ups, and according to Reuters he “aims to outmuscle Musk“. LeEco recently unveiled the LeSEE pure…

1 year ago by Mark Kane 37