Tesla watch out, LeEco enters electric car market with $1.8 billion investment
The company said in a statement its first China factory would be built in two phases in Deqing county near the eastern Chinese city of Hangzhou.
![Tesla watch out, LeEco enters electric car market with $1.8 billion investment Tesla watch out, LeEco enters electric car market with $1.8 billion investment](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2016/08/10/5398-electric-car-pixabay.jpg?itok=ZaHKtTe6&c=7089c0dc4ca42d907ed0817c82c1e083)
LeEco enters electric car market with $1.8 billion investment to set up factory in China. Photo: Pixabay