Aston Martin Lagonda Ltd, a British luxury sports car manufacturer, has suspended a previously announced partnership with struggling Chinese tech company LeEco to jointly develop electric vehicles for the global markets.
It is unclear why Aston Martin decided to suspend the partnership, but it is most likely directly related to LeEco's financial troubles as LeEco has yet to pay the investment required for its part, according to Chinese media reports citing insiders.
Aston Martin and LeEco did not immediately respond to an inquiry from China Money Network to confirm the facts.
In February 2016, Aston Martin and LeEco said they would jointly develop a production version of the Aston Martin RapidE electric vehicle concept, an all-electric sports sedan. Even though no financial details were disclosed, the two companies were aiming at br...
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