Faraday Future backer Le Eco is running out of cash, CEO admits

LeEco LeSee concept, 2016 Beijing Auto Show

Faraday Future plans to put an electric car into production within two years at a brand-new factory with a stated price tag of $1 billion. So far, this ambitious plan has had the backing of Chinese billionaire Jia Yueting, and his LeEco tech empire. But now LeEco may be running out of cash. DON’T MISS: Faraday Future imperils electric-car factory… …read more