[Atieva] [Lucid Motors] Chinese (BAIC, LeTV) backed Atieva electric startup
BAIC and Atieva are closely related. The Beijing Electric Vehicle Corporation (BEVC), a subsidiary of BAIC, is the largest shareholder of Atieva with a 25.3% stake.
Atieva = Advanced Technology In Electronic Vehicle Application
Another large shareholder in Atieva is China’s LeTV, which cooperates with BAIC in making electric ‘connected’ cars in China. LeTV’s is also backing Faraday Future, a still somewhat mysterious company that has announced a one-billion dollar factory in Nevada and an electric concept car in January.
Faraday is backed by Chinese billionaire Jia Yeuting, owner of LeTV, a fabulously successful enterprise known as “the Chinese Netflix.” Now, China’s state-owned auto company BAIC says its Beijing Electric Car Company division has bought a majority interest in Atieva, the San Francisco–based operation that says, “We’re redefining what a car can be by building an iconic new vehicle from the ground up. We’re a car company, not a design house. And we’re definitely not a traditional automaker.”