Conglomerate Macrolink has invested $50m in the smart car development branch of technology group LeEco, which is already working with partners Aston Martin and Faraday Future.
The smart car development unit of China-based electronics and online media group LeEco has raised $50m from diversified conglomerate Macrolink, China Money Network reported on Tuesday.
LeEco revealed plans for an all-electric smart car called LeSee in April this year, and has since announced it intends to additionally form an electric vehicle sharing platform and an automotive e-commerce arm.
The firm also signed development agreements with luxury car manufacturer Aston Martin and electric vehicle (EV) developer Faraday Future in April,…
