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

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. The post LeEco is taking on Tesla by building a $1.8 billion electric car factory appeared first on Digital Trends.