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LeEco’s co-founder has admitted to turbulent financial conditions that may pull back the Chinese technology conglomerate’s plans to compete in electric “supercars” through its LeEco and Faraday Future ventures. In a letter to employees obtained by Bloomberg News, company co-founder Jia Yueting admitted that the company is running out of cash through its rapid expansion. […]

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Hyundai Motor Co. says it will be going full-speed ahead in its plug-in electrified vehicle rollout to increase range and compete with upstart Chinese rivals. Hyundai sees the technology changing so fast that it will have to roll out new EVs on a two-year cadence, boosting the current 110-mile range to around 250 miles per […]

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Yesterday A123 Systems announced it had completed the acquisition of energy technology patents by Leydon Energy. Among more than 20 patents is the rights to lithium titanate battery tech and other tech which could be used to build electric cars by the Chinese-owned Wanxiang which owns A123 Systems. Some of Leydon’s California employees will be […]

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