China's LeEco raises $1.08b from Legend, Yingda Capital & Mingsheng Trust for EV project

China's LeEco raises $1.08b from Legend, Yingda Capital & Mingsheng Trust for EV project

China’s Le Holdings Co. has raised $1.08 billion to develop its electric sports car that has drawn comparisons to the Batmobile, the latest in a series of alternative energy vehicle investments even as the industry is set for a Chinese government shake-up.

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