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Journalism of Courage
Chinese technology company LeEco on Wednesday made an inauspicious entry into the race to develop self-driving electric cars when its prototype car could not make it down the runway at a gala event here.
China’s Le Holdings Co Ltd, also known as LeEco, planned to unveil its self-driving car prototype as part of a splashy US launch for an array of technology products and services, including phones, televisions and entertainment production.
Executives from Qualcomm and Lionsgate joined LeEco founder, Chinese billionaire Jia Yueting, to underscore the importance of the US market to one of China’s biggest technology companies. The choice of the San Francisco venue, in the backyard of luxury electric car maker Tesla and Alphabet Inc’s Google self-driving car team, underscored the globalization of the race to develop connected, electric and eventually autonomous vehicles.
The misfire was caused by a delay getting the LeSee car prototype from London – where it is being used in the film “Transformers 5” – to San Francisco, company officials said. The “LeSee” prototype – first unveiled in April in Beijing – was made available for viewing after the show.
LeEco executives said they envision the car as part of a shared ownership system, and said it could benefit from a strategic partnership with Los Angeles-based Faraday Future, an electric vehicle start-up also controlled by Jia. No details were given of that alliance. Faraday will unveil its first production vehicle in Las Vegas in January at the Consumer Electronics Show, Jia said.
Also read: LeEco Le Max2 Review
LeEco’s focus on the interconnectivity of screens puts the Chinese company squarely in the path of Apple and other US technology giants trying to bridge the gap between hardware like phones or cars and the software that connects them to each other.
Besides LeEco, other Chinese companies have been investing heavily in Silicon Valley with electric vehicle start-ups, including Baidu Inc, Alibaba, Xiaomi, and Tencent Holdings Ltd.
