LeEco is taking on Tesla by building a $1.8 billion electric car factory

LeEco LeSee concept
Ronan Glon/Digital Trends
Tesla, you’ve got some competition. While we may know LeEco best for their smartphones, the Chinese technology company is expanding its offerings in a major way. LeEco (also known as Le Holdings Co. Ltd.) is planning on investing 12 billion yuan, or $1.8 billion, in an electric car plant in eastern China. The ultimate goal is an annual production capacity of 400,000 cars.

Included in these cars is the LeSee “Tesla Killer,” an electric car that debuted to great fanfare back in May at the Beijing Auto Show. It’s also reported that the LeSEE taxi will be manufactured at this facility. The factory is said to be part of the upcoming “Eco Experience Park,” a 20 billion yuan ($3 billion) project that will also house an entertainment park and facilities for internet-connected electric cars and offices, according to a company statement.

LeEco is at the forefront of the Chinese race to manufacture electric vehicles, which have only recently received the government’s blessing. And now, LeEco is stopping at nothing to establish itself as the company to beat — not only in China, but perhaps on the international scene as well. The firm oversees a total of three car-making enterprises. In the U.S., there’s Faraday Future; there’s the electric version of the Aston Martin Rapide; and finally, the newest LeSEE electric sedan (the Tesla Killer).

The company is slated to begin construction on the new facility either later in 2016 or early in 2017. In the first phase of the building process, some 4,300 acres will be developed, allowing for a car manufacturing capacity of around 200,000 units per year. The second phase seeks to double that figure, but no one is quite sure of when that will take place.

So if you’re in the market for an electric vehicle, you may want to keep an eye on China. Some of the newest offerings just may be coming from overseas.

Business

Qualcomm accuses Apple of stealing secrets and giving them to Intel

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Home Theater

SiriusXM’s $3.5 billion purchase of Pandora just might be music to our ears

SiriusXM is aiming to expand its customer base beyond those listening in the car through a $3.5 billion deal that will see it acquiring streaming service Pandora, in which it already owns a 16 percent stake.
Cars

End your dependence on fossil fuels with one of these amazing electric cars

Electric cars are getting smarter, safer, and more capable with each passing year. Here are our picks for the best electric cars on the market, whether you're looking for a performance ride or a family-friendly crossover.
Cars

Lyft offers some fun stats to celebrate its 1 billionth ridesharing journey

Lyft cars have made a billion journeys since its ridesharing service launched six years ago. Announcing the milestone on Tuesday, September 18, the company revealed a few fun stats about its rides so far.
Cars

Stop the madness! Here's how to fix those squeaky brakes

Few noises are worse than the sound of squeaky brakes. Luckily, there are plenty of ways to go about fixing the issue without giving up your weekend or investing a small fortune. Here's what you need to know.
Cars

Get your camera out: Mercedes-AMG Project One supercar tests on public roads

The Mercedes-AMG Project One is a hybrid supercar incorporating genuine Formula One racing DNA. The $2.7 million Project One is entering its final stage of development, including public-road testing.
Cars

At Bonneville, a 210-mph Volkswagen Jetta is nothing unusual

The Bonneville Salt Flats are the ultimate temple of speed. Follow along as Volkswagen attempts to set a record with a modified economy car, and see what makes Bonneville so special.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Click-to-brew beer, comfy headlamps, and more

Check out our roundup of the best new crowdfunding projects and product announcements that hit the Web this week. You can't buy this stuff yet, but it sure is fun to gawk!
Product Review

Lamborghini’s V12 flagship brings the shock and awe for SVJ duty

High-tech active aerodynamics, trick steering, and good old-fashioned horsepower help to make this Aventador the most track-capable production Lamborghini ever.
Cars

Porsche brings diesel car production to a screeching halt

Porsche has announced that it will no longer be making diesel cars. The German automaker said that, as a sports car brand, diesel fuels simply weren't as important a part of their business as other options.
Product Review

There’s a new baby Benz on the block: A-Class proves sedans aren’t dead yet

While it seems like the traditional sedan is dead, Mercedes-Benz believes otherwise. And the 2019 A-Class sedan arrives to try and capture younger buyers and sway them from competitors. We explore Seattle in one to see if it’s any good.
Cars

Will Toyota finally cave to buyer demand and offer Android Auto?

For years, Toyota refused to offer Android Auto for privacy and security reasons. That could change soon; a recent report claims Toyota will begin offering Android Auto compatibility in at least some of its models.
Product Review

FenSens Smart Parking Sensor improves your ride with no strings, or wires, attached

Instead of relying on an old-fashioned mirror, it may be time to step up to a parking sensor. We test the latest FenSens Smart Wireless Parking Sensor to see if this device, with your smartphone, can replicate the latest OEM system.
Product Review

No longer the underdog, the Audi Q3 is all grown up and ready to dominate

The Audi Q3 is back for a second generation and it’s better than ever before. It looks sharper, it packs more power, and it offers a longer list of tech features. We put it to the test to find out how it fares against the competition.