16 Aug '16, 4am

Chinese Approval Still Pending for LeEco to Build Its Production Plant

Chinese Approval Still Pending for LeEco to Build Its Production Plant

LeEco is still seeking approval by the Chinese government to manufacture its LeSee electric cars. Several Chinese media sources, including ChinaDaily , had reported LeEco most likely did not have the required permissions to build its factory. A LeEco spokesperson has confirmed to media that the startup automaker doesn’t yet have the license required by the Chinese government to build electric cars. Government approval is “pending,” but the lack of the granted license is “not a big problem,” the company spokesperson said. LeEco said that it will be investing 12 billion yuan ($1.8 billion) to build a plant in China capable of producing 400,000 electric cars per year. The company is best known for its LeSee electric concept car that it says will be a Tesla competitor, and an alliance with Faraday Future. SEE ALSO: LeEco Investing $1.8B in Chinese Electric Car Plant LeEco, a s...

Full article: http://www.hybridcars.com/chinese-approval-still-pending-...

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