Chinese EV makers are facing increasing pressure from Tesla.
LeEco believes that local Chinese characteristics must be considered in developing electric autonomous super cars.
The company aims to put the LeSEE super EV into mass production within three years.
China saw the third Tesla car crash with no injury. The driver blames the autopilot.
This will influence both tech companies and automobile makers in China exploring automatic driving.
After the USD 500 million in financing landed in last September, NextEV has secured another round of financing from Temasek and others.
Robin Ren, Tesla’s Global VP & Head of APAC, showcased Tesla’s Model X at the event and outlined China’s role in Tesla’s continuing development.
Panasonic will produce batteries in China’s big EV market, mainly targeting to Tesla models, which are very popular with Chinese customers.
Tesla will launch its USD 35,000 Model 3 on Friday. The new vehicle is thought to be key for electric vehicles’ more widespread adoption in the Chinese market.
Emerging Chinese electric vehicle startup NextEV signals commitment to the U.S. market by appointing senior Silicon Valley executive Padmasree Warrior to head up its U.S division.