Bloomberg noted there's more than 200
Chinese electric car companies building 4,000 new electric car models.
This includes Padmasree Warrior, former star engineer at Cisco and current CEO of NIO US (
a Chinese electric car company); Nike exec Heidi O'Neill and Netflix exec Ted Sarandos.
Not exact matches
Electric cars and connected
cars are among the technologies being developed by
Chinese companies like Qiantu Motor and LeEco.
Mysterious
electric car startup Faraday Future has been the topic of several news reports lately relating to the
company's financial and intellectual property issues, as well as its relationship with
Chinese internet
company LeEco, which has fallen on hard times recently as well.
Eight years ago Buffett invested $ 232 million for a nearly 10 % stake in BYD (Build Your Dreams), a
Chinese company that makes lithium - ion batteries and
electric cars.
For
companies that are able to succeed in China's
electric car market, there's generous support to be had from the
Chinese government and a large growing market for
electric cars in the country.
The aspiring
electric car startup that's backed by
Chinese billionaire Jia Yueting has faced a series of legal setbacks and financial woes over the last year, most recently publicizing the firing of former BMW veteran who became the
company's CFO.
RW: With the current interest in buying
electric cars, plus more wind turbines being built and growing
Chinese infrastructure, does this mean the fundamentals are falling into place for rising copper prices and copper
company share values?
The Trump administration contends that if it does not challenge Beijing now, the
Chinese government will heavily subsidize its
companies to become dominant producers of cutting - edge industries from robotics to
electric cars.
BYD Co., the
electric -
car maker backed by Warren Buffett's Berkshire Hathaway Inc., said a unit of Samsung Electronics Co. bought a 3 billion - yuan ($ 449 million) stake in the
Chinese auto
company.
Virginia Governor Terry McAuliffe and Clinton's brother Anthony Rodham are facing a $ 17 million fraud lawsuit from
Chinese investors in Greentech Automotive, an
electric car company that appears to be struggling to survive.
The reason that mainstream auto
companies are dabbling in
electric cars, is because the
Chinese are demanding a high percentage of future
cars be
electric - or else they won't get to sell to China.
Earlier this spring this blog identified an upstart
Chinese auto
company called BYD Auto that is, despite is short operating history in the auto industry, introducing one of the most innovative automobile makes in the industry — a fully commercial
electric car — ahead the likes of established auto giants like General Motors (and its flagship
electric car make — the Chevy Volt).
A Closer Look at BYD's
Electric Cars BYD, the giant
Chinese - battery -
company - turned - automaker, didn't have much new to say in Detroit (F3DM in USA in 2011, E6
Electric MPV, we already knew all that), but
Chinese giant Wanxiang wound up buying A123 Systems; adding insult to injury for Fisker, sources have told me that Wanxiang also looked at, but seems to have passed on investing in or buying the
electric car company.
The
company — led by its main financier,
Chinese billionaire Jia Yueting, who founded the electronics
company LeEco — introduced an
electric autonomous
car at this year's CES conference called the FF 91, with the intention of beginning production on the vehicle in 2018.
But according to several former Faraday employees, the
electric car startup — incorporated in Gardena, California — operates in practice as a branch of Jia's
Chinese company LeEco, sharing resources.
«One concern is the stock price of Jia Yueting's listed
company, Leshi,» Schwartz said, «Mr. Yueting, the
Chinese investor has backed Faraday Future, the
company approved to build an
electric car factory in North Las Vegas.»
Faraday Future is backed by the same
Chinese company LeEco that couldn't get its own
electric car of the future on stage for its American reveal last week.
Documents prepared for
Chinese investors in early 2016 by Faraday's finance team and not previously made public show the
company was pitching a $ 1 billion convertible bond offering, saying it planned to build a range of seven
electric vehicles, from an ultra-luxury flagship to a tiny commuter
car.
Plus, its exact relationship with its principal backer, «
Chinese Netflix» billionaire Jia Yueting, or his own
electric autonomous startup
car company Le Eco, remains unclear.
Faraday Future, an
electric car company backed by a
Chinese entrepreneur, said on Thursday it would invest $ 1 billion to build a 900 - acre factory in a suburb of Las Vegas.
Though FF appears to be a robust American
car company with hundreds of employees, interviews with former employees indicate much of what goes on at the
company is dictated by Jia Yueting, the eccentric
Chinese billionaire who approached Sampson in 2014 about building an
electric car that could best Tesla.
LeEco, which calls itself an internet technology
company, has managed to capture more mindspace that even fellow
Chinese smartphone maker Xiaomi with its differentiated marketing strategy, product lineup and advanced technologies like its
electric sports
car.
Or you could look to LeEco, the other
Chinese company promising an
electric car — assuming it can find the funding it needs.
The
Chinese based
car company unveiled its first concept all -
electric vehicle on Sunday that it plans to start selling as a production model late next year.
Chinese technology
company LeEco unveils its first
electric car dubbed LeSEE.