Jia Yueting, co-founder and head of LeEco, unveils its electric concept car, the LeSee, at a ceremony in Beijing in April. Photo: Reuters

LeEco raises $1.08b in funding for electric car hoping to compete with Tesla

Chief executive Jia Yueting claims funding is largest ever in automotive industry

Topic |   LeEco

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Jia Yueting, co-founder and head of LeEco, unveils its electric concept car, the LeSee, at a ceremony in Beijing in April. Photo: Reuters
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