• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechBrainstorm Tech

Chinese Backer of Faraday Future Unveils Electric Car In Beijing

By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
April 20, 2016, 2:15 PM ET
Courtesy of LeEco

Chinese online entertainment firm LeEco introduced an electric smart concept car ahead of the Beijing Auto Show, providing more details about what Faraday Future, the mysterious Los Angeles-based company its backing, is developing.

The concept car, named LeSee, is an all-electric sedan that can (theoretically) reach a top speed of 130 miles per hour with automated driving capabilities. It was designed to be owned or “shared” as part of a fleet of vehicles that can be ordered via a smartphone app, according to Lei Ding, global vice chairman of LeEco and managing director of the auto division, dubbed SEE, or the Super Electric Ecosystem Plan. Ding introduced the LeSee car on Wednesday.

Get Data Sheet, Fortune’s technology newsletter.

“The strength of the Internet company LeEco is building a new era for automotive industry,” said Ding during the event, which was livestreamed and translated into English via its Facebook page. “We’re not just building an electric vehicle that’s smart. Instead, what we are doing is to build a new mobility for the future.”

What does that mean, exactly? From the details that were provided during Ding’s presentation, it appears the car will provide Internet-connected services through native apps. The company is also building an “auto cloud,” which we can only assume means to will use cloud computing.

The concept car was designed in such a fashion so that it will be easy to order and then share, all through a smartphone app. A smart screen on the car will illuminate and indicate if it’s available or not, Ding said. “We believe the traditional way of car ownership should change, using social resources,” he added.

The concept car also sports a steering wheel that can fold away when the automated driving function takes over.

Of course, this is a concept car, not a production vehicle. It’s not clear how Aston Martin, which set up a venture with LeEco in February, will be involved. It is also unclear if this will be treated as a separate project from Faraday Future. But it’s a lot closer to being a viable car than what Faraday Future displayed in January at CES, the annual consumer electronics industry trade show in Las Vegas.

This electric car can go from zero to 60 mph in under three seconds. Watch:

Faraday Future has left many media and industry experts perplexed and skeptical about its plans to build an electric car promising will change the way people travel. When the company unveiled its FFZero1, a futuristic, single-seat electric vehicle concept car with an embedded smartphone in the steering wheel, it was lampooned by critics. The car and splashy unveiling was meant to reinforce the idea that the company had a transformative vision and a deep pool of talent. It has also emphasized these ties through its owner, Jia Yueting, founder of LeEco.

That event didn’t illuminate any clear direction the company was taking, and it failed to answer many critical questions. Some questions have continued even after Faraday Future officially broke ground on a factory earlier this month in North Las Vegas, Nevada.

“We’ve gone from being laughed at, being judged, to being trusted by people,” Ding asserted during the presentation.

Ding also provided a few details about Faraday Future’s factory along with making a few comparisons to all-electric automaker Tesla. He specified the Faraday factory will have 600 robots working, compared to “Tesla’s 150 robots,” and that the company has teams working in Germany, Silicon Valley, and Beijing on autonomous driving.

About the Author
By Kirsten Korosec
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

AIOpenAI
OpenAI plans to almost double its headcount this year, FT says
By Liza Tetley and BloombergMarch 21, 2026
3 hours ago
Politicsarms, weapons, and defense
The U.S. has the world’s most advanced military, but the unforgiving economics of wars in Iran and Ukraine show quantity has a quality all its own 
By Jason MaMarch 21, 2026
4 hours ago
AIAI agents
OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’ trying to figure out what’s possible
By Jason MaMarch 21, 2026
8 hours ago
david
CommentaryScience
The one skill that separates people who get smarter with AI from everyone else
By David Rock and Chris WellerMarch 21, 2026
13 hours ago
Geoffrey Hinton standing in front of a white and grey background.
AITech
‘Godfather of AI’ says tech companies aren’t concerned with the AI endgame. They’re focused on short-term profits instead
By Sasha RogelbergMarch 21, 2026
14 hours ago
MagazineCoding
Cursor’s crossroads: The rapid rise, and very uncertain future, of a $30 billion AI startup
By Allie GarfinkleMarch 21, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.