December 8, 2016 by Tycho de Feijter
Finally some good news for Faraday Future. The company released two teasers of what they say is their “production car”. It will be unveiled at the Consumer Electronics Show (CES) in January in Las Vegas. The unveiling of of crucial importance for Faraday Future (FF). They need to attract new investment now that their main Chinese backer seems to be running out of cash.
The car is going to be an electric SUV set to compete with the Tesla Model X. The teaser shows the right shoulder seen from the rear. We see: a rear light units made up out of LED’s shaped in the FF logo, a winglet to the right of the rear window which is useless but will look cool if it can move up and down, the rear end of a roof rail with a red light in it, and a camera mirror.
December 1, 2016 by Joey Wang
Lucid Motors is another upstart with grandiose plans. It says it will start production of a Tesla-beating hyper sedan in 2018, in a brand new $700 million factory in Arizona. The company showed a development mule, which looks surprisingly ready, on an event in Los Angeles last month.
November 28, 2016 by Tycho de Feijter
More trouble for Jia Yueting, the founder and CEO of LeEco, the main backer of Faraday Future (FF). Nevada State Treasurer Dan Schwartz has been very blunt about the company in an interview last week with China Daily.
In the interview, which hasn’t been picked up by international media yet, Schwartz says, among other things, that “Jia doesn’t have any money.” Chinese media are talking about a “crisis of confidence”.
October 20, 2016 by Tycho de Feijter
The LeSee LeEco Tesla killer from China had its North American debut in San Francisco last night. It didn’t go without a hitch but eventually LeEco managed to get the new LeSee Pro on stage. Th LeSee Pro is an updated version of the LeSee concept that debuted in Beijing in April. The Pro has a slightly more realistic front, new wheels, new side skirts, and a new rear bumper with a diffuser.
August 11, 2016 by Tycho de Feijter
Happy faces, LeEco CEO Jia Yueting third from left.
LeEco has announced it will build a car factory in Huzhou City in Zhejiang Province. The factory will have an annual capacity of 200.000 cars and will make the spectacular LeSee, dubbed the ‘Chinese Tesla Killer‘. Total investment is 20 billion yuan or 3 billion USD.
The announcement is a surprise. LeEco said earlier it wanted to outsource production to an existing Chinese car maker, and they had talks with Beijing Auto and with Guangzhou Auto. But that apparently came to nothing.