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China Internet Company Seeks License to Make Electric Car

A Chinese technology billionaire is following in the footsteps of Tesla Motors Inc. Chairman Elon Musk in seeking to build electric cars in the world’s largest auto market.

Jia Yueting, chairman and founder of Leshi Internet Information & Technology (Beijing) Co., said this week that the maker of Web-enabled televisions has spent the past year developing an electric car and will seek a license to manufacture them in China. Leshi will bank on its experience “managing disruptive change” and is confident of surpassing Tesla in creating the most connected electric car, he said in e-mailed comments yesterday.