Cash-starved company says it’s on schedule to produce as many as 400,000 electric vehicles a year by 2018 LeEco, the cash-starved video streaming service and TV maker founded by Jia Yueting, has broken ground on a 12 billion yuan car factory in China, with assurances that it’s on schedule to produce as many as 400,000 electric vehicles a year by 2018. ) county of Zhejiang province, close to the tourist destinations of Moganshan and Hangzhou, will commence construction after more than four months’ of preparation work, said Zhang Hailiang, chief executive of LeSupercar, the LeEco unit that’s producing the vehicles.