LeEco Investing $1.8B in Chinese Electric Car Plant

By Jon LeSage LeEco will be investing 12 billion yuan ($1.8 billion) to build a plant in China capable of producing 400,000 electric cars per year.
Known for its LeSee electric concept car and alliance with Faraday Future, LeEco said that its first China factory will be built in two phases. The plant will be built in Deqing county near the eastern Chinese city of Hangzhou, but there’s been no finish date set yet, the company said in a statement reported by Reuters.
LeEco says the facility is part of a larger project to create an “Eco Experience Park” that will include an entertainment park

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