LeEco, a Chinese multinational company has tied up with iconic British manufacturer to build the production version of the Aston Martin RapidE electric vehicle concept.
LeEco, a Chinese multinational company has tied up with iconic British manufacturer to build the production version of the Aston Martin RapidE electric vehicle concept. The Aston Martin RapidE will be launched by 2018.
Aston Martin RapidE concept
LeEco recently forayed in India as a smartphone company and has interests in various other businesses. It has funded a staggering $1 billion to ‘Faraday Future’ which is an electric car start-up based out of California, USA. In January 2016, LeEco had globally revealed the first results of their partnership with Aston Martin by incorporating LeEco internet of the vehicle system in Rapide S. Now the company plans on launching electric cars by the end of 2020.
Commenting on the signing of the MOU, Mr. Ding Lei, co-founder and global vice chairman of SEE Plan, said, “ Signing of this MOU ushers a new phase of the collaborations between Aston Martin and LeEco. LeEco’s SEE Plan is dedicated to build electric, smart, connected and socialized cars. We have been targeting the highest standard in the auto industry in terms of design, R&D and manufacturing of our electric cars. We hope that, by strengthening collaborations with Aston Martin, our future models will provide premium qualities and delicate arts and crafts as good as those of Aston Martin. ”
Aston Martin CEO, Dr Andy Palmer, said: “Aston Martin are dedicated to developing a range of low- and zero-emission cars. We have been encouraged by the project speed and technical depth shown by Letv in the development of the RapidE concept towards full production. Bringing the RapidE to market by 2018 is an important milestone for both companies.”
Founded in November 2004 by Jia Yueting and Liu Hong, LeEco is a $12 billion company with interests in Internet TV, video production and distribution, smart gadgets and large-screen applications to e-commerce, eco-agriculture and connected super-electric cars.
LeEco internet of the vehicle system in Rapide S
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