According to foreign media reports on Thursday, LeEco plans to invest billions of dollars to develop electric vehicles, setting the United States as the first target market. Lu Zhengyu, the newly appointed head of LeTV's automotive business in China, said that LeTV plans to recruit more talents to strengthen the existing 260-person electric vehicle project team. He said that LeTV regards this project as a long-term investment and is negotiating with the investors on the project funds.
Lu Zhengyu, head of LeTV's car business in China, said in a telephone interview that LeTV plans to recruit more talents to strengthen the existing 260-person electric vehicle project team. He said that LeTV regards this project as a long-term investment and is negotiating with the investors on the project funds. He did not disclose more details.
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