Recent investments is not enough for LeEco out of the crisis, the main cause of which was the auto direction
We just wrote about the financial problems of the company’s LeEco and their consequences. But lately it seemed that the Chinese manufacturer of the case began to build, as there was a new investor.
It was a deceptive impression. As stated by the source, the founder of the company Wetin Jia (Jia Yueting), new financial inflows proved insufficient to help the company emerge from the crisis.
«We thought that about 1.3 billion dollars will be enough to solve all problems, but the result did not meet our expectations», — quotes the source Yatina.
The source also sheds light on the root cause of the problems. It turned out that she is the automotive division of the company. We will remind, last year the company showed a concept car LeSEE. In addition, LeEco involved in the business of Faraday Future. It is reported that the company is trying as quickly as possible to jump on the car (which is unclear) to begin to receive some revenues from this direction.