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September 20, 2016 02:24 pm GMT
The Chinese market for electric vehicles is hot, and the latest indicator is a $1.08 billion raise from China’s LeEco, a Beijing-based web video company (which now dabbles in everything from televisions to transportation) that’s targeting Tesla with its own electricsports car plans. Funding for its first car is coming from Legend Holdings Corp., Yingda Capital Management Co.… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GW6Pszm4M50/
Chinas LeEco raises $1.08B to build its electric sports car
The Chinese market for electric vehicles is hot, and the latest indicator is a $1.08 billion raise from China’s LeEco, a Beijing-based web video company (which now dabbles in everything from televisions to transportation) that’s targeting Tesla with its own electricsports car plans. Funding for its first car is coming from Legend Holdings Corp., Yingda Capital Management Co.… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/GW6Pszm4M50/
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