Tesla Competitor From China Ponies Up $1 Billion To Launch U.S. Operations

Back in August, we told you about Jia Yueting, a Chinese entrepreneur who created LeTV (China's answer to Netflix). The billionaire techie had announced his intention to take on Tesla in the luxury electric car arena. Since then, we've learned a bit more about Yueting's plans -- and according to recent reports, they include building a $1 billion...

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