[Steverino]

Of course it's positioned as the "Tesla killer". Sigh.

The eventual LeSee production car will be a large four-door electric sedan with fully autonomous capacity. The LeSee is primarily intended for the Chinese market. It will be manufactured in a brand new factory in Huzhou City. LeEco has said it will have a top speed of 211 km/h and that it will be cheaper than the Model S, which starts at 730,000 yuan in China ($112,000). Production of the LeSee is set to start some time late next year.

LeEco also announced it currently holds 833 patents related to electric cars. It's also an investor in Faraday Future.


http://www.forbes.com/sites/tychode...-its-lesee-pro-in-north-america/#6255ec816843

 

[llninja]

At least Elon was able to get his vehicles on stage to show that the prototype worked. Why hold a press conferences if your car isn't there and working?

 

[Raymondjram]

As a local production, I see it as good news for the Chinese, who really need to clean up their city atmosphere.

 

[SteveT]

Why hold a press conferences if your car isn't there and working?

To raise money from people easily distracted by bright lights and shiny baubles.