LeEco to build $1.8 billion electric cars factory
Chinese technology conglomerate LeEco on Thursday announced plans to invest $1.8 billion towards building an electric car manufacturing centre. It will be part of a $3 billion 'Eco Experience Park' project, which will include a theme park and offices. The plant will be located in China's Zhejiang province and is expected to manufacture 400,000 electric vehicles annually with self-driving features.