In an interesting twist, LeEco is also bankrolling Faraday Future, the California -
based electric car startup that has poached hundreds of auto industry staff in recent years and is currently building a $ 1 billion factory in Nevada.
The California -
based electric car startup says the car will utilize an industry leading 130 kWh battery that's capable of driving 378 miles on a single charge.
Not exact matches
Tech entrepreneur Elon Musk has flatly denied «Globes» report that his visit to Israel this week is connected to collaboration between his
electric car company Tesla and Tel Aviv -
based startup Cortica.
An
electric car startup based in China has revealed an ambitious smart vehicle concept that it claims outperforms Tesla in terms of «digital power.»
These partners are Mercedes - Benz, which was recently reported to be preparing to unveil a fleet of
electric vehicles
based on a completely new architecture; Nvidia, which just launched the artificial intelligence - powered palm - sized Drive PX 2 computer for self - driving
cars; Otto, an autonomous truck
startup that was acquired by Uber last month; and Didi Chuxing, which recently bought out Uber's operations in China.
Though it's built by a
startup known for a quirky Lotus -
based electric sports
car, Tesla's Model S sedan is refined enough to compete with
cars from long - established automakers.
The California
Cars Initiative (CalCars.org) is a Palo Alto -
based nonprofit
startup of entrepreneurs, engineers, environmentalists and consumers promoting 100 + MPG plug - in hybrid
electric vehicles (PHEVs).
LeEco is partnered with the US -
based automotive company Faraday Future, a
startup that wants to build
electric self - driving
cars.
He said he stepped down from his role as the chief executive officer of LeEco's main listed company to focus on Faraday Future, the US -
based startup now trying to raise funds to bring the FF91
electric car to fruition.