LETV Electric Vehicle Was Officially Launched in December to Play Against Tesla

Atieva, a start-up invested by LETV, is expected to launch an electric vehicle that can compete with Tesla Model s in early December. In addition to atieva, Jia Yueting also invested in Faraday future, another electric vehicle company, which hopes to have an annual production capacity of 140000 vehicles at its Nevada plant.We also obtained the design drawing of this car and learned that this car will first be produced by the assembly plant of Luoyang Dayang motorcycle. Atieva's first car will be called atieva. The design rendering shows that the car adopts the traditional streamlined design, which is similar to Tesla's model s.This summer, atieva released a series of eye-catching videos. These videos promote a battery powered car equipped with a high-performance driveline. It is said that the transmission system of this car is superior to Ferrari, dodge viper and even model s in performance. This van, called Edna, has the same range and acceleration as the mid-range Tesla.

In September this year, Zhang Xin, deputy general manager of atieva China, told Chinese reporters that the car will have completely independent front and rear electric engines, which can accelerate from zero to 100 km / h (about 62 mph) in three seconds.A former company executive who has left atieva said that atieva's electric car will also have "some built-in automatic driving elements". Wen Shiming, co-founder of atieva, said: "we will bring personalized and free experience and let people get rid of the restrictions of modern transportation.". This implies that atieva's car will adopt a semi-automatic road driving system, similar to Tesla's autopilot automatic assisted driving system.Atieva has two facilities in Silicon Valley, one of which is only 16 kilometers away from Tesla's factory. Both companies have automotive R & D laboratories and workshops, although atieva has not announced the location of its factories. Atieva's manufacturing director told Reuters in June that he hopes to set up an assembly plant in the United States to initially produce 20000 vehicles a year and eventually increase to 130000 vehicles a year.

Until then, atieva seemed to have relied on a Chinese electric bicycle company to produce cars. When California officials asked for photos of their manufacturing plants, atieva submitted photos of Luoyang ocean motorcycle company. In addition, atieva has set up a research center in Taiwan and a facility in Shanghai.Atieva was founded in 2007 by Wen Shiming, Xie Jiapeng and sheaupyng Lin. The company was initially committed to the research and development of battery pack and electric transmission system. Headquartered in Silicon Valley, it is a high-tech company dedicated to the research, development and production of core power system of electric vehicle. Its main products include battery system and electric vehicle charging device. It has applied for more than 100 patents and provided battery packs for electric buses in China. In 2014, BAIC and LETV invested US $100 million and obtained nearly half of the company's shares.Since then, atieva has carried out large-scale recruitment, changed the direction of the company, began to develop fully automatic electric vehicles, and competed with Elon Musk's Tesla company.

According to former executives of the company, until 2015, atieva's automobile R & D was progressing smoothly, but there was increasing friction between investors. In 2014, LETV Jia Yueting quietly founded his own electric vehicle company Faraday future without notifying atieva's board of directors. LETV then announced its plan to develop a networked luxury electric vehicle called Lesee. At the same time, BAIC is trying to acquire atieva's battery and transmission technology, and hopes the company will focus on Chinese buyers. In November 2015, Xie Jiapeng, co-founder, was suddenly dismissed as CEO. Then in early 2016, BAIC sold its atieva shares, and it is said that Jia Yueting took over BAIC shares.

Atieva still has no CEO, and its daily operation is in the charge of Peter Rawlinson, former vice president of Tesla and chief technology officer of the company. Atieva's current marketing strategy seems to satisfy both American employees and Chinese investors."In 2018, atieva new model will be officially sold in the United States first, and then expanded to the Chinese market," Zhang Xin said in September. "Although many components are still in the prototype stage, we will try to get the first car off the assembly line in two years." the company also plans to launch two luxury crossover vehicles by 2021.Despite atieva's ambition, it has not produced a complete car or set up a complete assembly plant. The company seems to rely on an obscure electric bicycle factory to produce its electric vehicles.

If atvus goes public in 2018, its competitor must not be just Tesla's model s. LETV will officially launch Lesee luxury electric vehicle in the United States next week. Faraday's $1 billion Nevada plant has broken ground at the end of the year, and its first electric vehicle is expected to leave the factory within two years.The relationship between atieva, Faraday's future and LETV is still invisible to the outside world. If Jia Yueting really wants to build an automobile Empire, atieva's technology patent is undoubtedly invaluable. LETV and Faraday's future cars will certainly share some core technologies, especially in automobile networking and automatic driving.Atieva's annual output target is 130000. Faraday hopes that the production capacity of its Nevada plant will reach an annual output of 140000 vehicles in the future, while LETV's assembly Communist Party invested US $2 billion in China will produce an annual output of 400000 electric vehicles. The combined capacity of the above plants exceeds Tesla's target of producing 500000 model 3 in 2018.

Whether atieva finally becomes a future ally or competitor of LETV or Faraday, one thing seems certain: Tesla will see the new car market of Chinese competitors in December.