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Tesla Suddenly Has A Huge New Competitor - Chinese company LeEco debuted its all-electric car concept on Wednesday
huffingtonpost.com
China’s Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, on Wednesday unveiled an all-electric battery concept car whose production version the company hopes will compete head-on with Tesla Motors Inc’s Model S.
The concept car, called LeSEE, which hints at a production version of the car LeEco is widely expected to launch in the future, is one of an array of similarly positioned premium electric vehicles (EVs) due to hit the market in the next few years from more than half a dozen Chinese-funded EV start-ups.
LeEco said the concept car, which will be displayed at next week’s Beijing auto show, is not only fully electrically propelled but has been engineered to be a “smart”, “connected” and “automated self-driving” car.
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