Concepts

Can This Chinese Billionaire's Le Supercar Really Take On Tesla?

If you look at what he's accomplished so far, you might be convinced.

Most of us have probably never heard of Chinese man Jia Yueting. Then again, we're probably not too familiar with his multi-billion empire, which includes LeTV, the Chinese Netflix, and China's top-selling smart TV and smartphones. Now, the man has decided that LeTV will take on Tesla by building an all-electric supercar. To make this possible, he has invested $1.2 billion of his own money into the company, which has now released early concept sketches of the upcoming car. And from the looks of it, we aren't talking about another Chinese knockoff.

Due to debut at the 2016 Beijing Motor Show followed by a production release in early 2018, LeTV has snatched up an impressive team to pull the Le Supercar project off. The project is being led by Tony Nie, a founding member of Lotus China, who's hired 600 people in the US and China – some of them former GM, BMW and Tesla employees. LeTV is developing the car's powertrain in-house, including battery tech, a motor and inverter. Even if this tech is impressive, will the car be equally interesting to look at and drive? Early sketches look promising, except for the 'LeCar' name, which brings back harsh memories of a similarly-branded Renault in the 70s.

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