Tech companies drive closer to goal of producing their own cars

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Two days ahead of the International Consumer Electronics Show (CES) in Las Vegas, the US, Chinese streaming video company Le Holdings (Beijing) Co, or Letv, announced it had made a cooperation agreement with a Silicon-Valley start-up to produce cars.The deal, which Letv signed with electric car start-up Faraday Future (FF), marks another step toward Letv’s ambition of making electric cars of its own. At a press conference late on Monday, FF showcased its first electric concept car – the FFZERO1, according to a statement that Letv released on Tuesday.

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