LeSEE car plant ‘on schedule’

By Reuters – Global Times Source:Global Times Published: 2016/11/21 23:28:40

The LeSEE super car factory in Moganshan, East China's Zhejiang Province, will begin construction at the end of 2016 "as scheduled," according to a statement posted on the LeEco Weibo account on Monday.

The statement followed media reports over the weekend saying there is no sign of construction work on the 20 billion yuan ($2.9 billion) industrial park.

The factory will produce electric cars, including the LeSEE, or "Tesla Killer" as the company calls it, a sign of LeEco's ambitions in the new-energy vehicle sector.

Posted in: COMPANIES

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