Here we have yet another company that is preparing to compete with Tesla Motors in the electric car market. Chinese company LeEco built a plant in which they invested $1.8 billion and soon after that they have raised $1.08 billion for the development of its LeSee electric vehicle.
According to reports, when fully built, this facility will be capable of producing 400,000 cars per year. When you see these figures, you need to wonder if the Tesla will be getting one serious competitor and will the Chinese based car maker come with a Tesla killer.
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