Chinese Web-Video Tycoon Raises $1.08 Billion for Electric Car

  • LeEco latest to raise funds as electric-car shake-up nears
  • Investors include Legend Holdings and China Minsheng Trust

Jia Yueting

Photographer: Stoyan VassevTASS via Getty Images

China’s Le Holdings Co. has raised $1.08 billion to develop its electric sports car that has drawn comparisons to the Batmobile, the latest in a series of alternative energy vehicle investments even as the industry is set for a Chinese government shake-up.

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