Chinese billionaire's EV startups map ambitious plans

Chinese billionaire's EV startups map ambitious plans

Jia Yueting, co-founder and head of Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, poses for a photo in front of a logo of his company after a Reuters interview at LeEco headquarters in Beijing, China, picture taken April 22, 2016. REUTERS/Jason Lee

Three electric-car startups funded by Chinese billionaire Jia Yueting will display vehicles at the giant CES 2017 trade show in Las Vegas next month, and two former executives told Reuters that one of the companies plans to roll out a dozen models through 2026.

The three companies still have not detailed how they plan to fund their efforts to challenge Tesla Motors Inc in the luxury electric vehicle market.

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