Having invested in both Faraday Future and Atieva, Chinese billionaire Jia Yueting is becoming an important player in the electric vehicle field. But his latest project directly under his main company, LeEco, could actually end up having the biggest impact in the short-term thanks to a recent investment.

The company disclosed today having raised $1.08 billion USD to finance the effort to bring the LeSee, the tech company’s all-electric and autonomous sedan, to market. expand full story

I was in China this week to witness the unveiling of many new products from a huge Chinese conglomerate you may or may not have ever heard of — LeEco. The company, which recently changed its name from LeTV, took to its own LeSports stadium in Beijing to announce not only several new phones, but a VR headset, some new TV sets, and to top it all off, a concept car.

Follow after the break for a full look at the announcement in less than 5 minutes…

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Update: Check out the full announcement video.

Earlier today, LeEco (previously known as LeTV) announced its first set of China-bound phones since its rebranding, but the company also used today’s event in Beijing — attended by more than 10,000 people — to unveil its first all-electric concept car dubbed LeSee…

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