Tag Archives: Wanxiang Group

LeEco to Build $3 Billion Auto Theme Park in China

Auto theme park includes a plant with production capacity of 400,000 electric vehicles annually SHANGHAI—LeEco plans to invest 12 billion yuan ($1.8 billion) to build a plant in China to produce smart, internet-connected electric cars. The facility is part of a $3 billion auto theme park which will also include entertainment facilities featuring auto-related elements. All vehicles in the park will be

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Karma Automotive to Build Electric Car Plant in China

The owner of Karma Automotive is planning to produce electric cars in China, becoming the latest company to flag ambitions to build new-energy vehicles in the world’s largest auto market. Wanxiang Group, founded by Chinese billionaire Lu Guanqiu, plans to build an electric vehicle plant in Hangzhou, China, according to the company’s application for an environmental impact review posted on

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