LeEco has secured $600 million in new funding. After CEO Yueting Jia reportedly took a pay cut and warned against unsustainable growth due to financial troubles, construction at the Faraday Future site in Nevada reportedly halted. Now, TechCrunch reports that LeEco's parent company, LeShi, has raised cash from 10 companies, with investors rumored to be business school buddies of Jia. LeEco's leader in North America, Brian Hui, has emphasized Faraday Future's importance to the company, and says LeEco will be scaling back on making other large-scale investments. Read more at TechCrunch.

Volkswagen is in talks with Didi Chuxing to launch a high-end ride-haling service in China. China is VW's largest market, and with many people not owning a car, there is opportunity for growth through providing vehicles – especially EVs and hybrids – for ride services. Didi is the country's largest ride-hailing service, with 300 million users in 400 cities. Didi purchased Uber's China operation earlier this year. Read more at Automotive News Europe.

The San Joaquin Valley Air Pollution Control District will deploy 15 Proterra Catalyst buses using CARB funding. In addition, CARB will also fund 11 Proterra depot-chargers and four Proterra fast-chargers. The buses and chargers will go to various agencies within the district to help reduce emissions and reduce air pollution. Proterra will build the vehicles and equipment at its Southern California facility that was funded in part by the California Energy Commission. Read more at Green Car Congress.

BMW, Daimler, and Volkswagen are in discussions to set up a nationwide EV charging network in Germany. The automakers are in talks with an Autobahn service station provider Tank & Rast. The country's National Electric Mobility Platform says Germany will need up to 7,100 fast charging points by 2020, up from the current 230, especially as German automakers' plans include significant increase in EV offerings. Read more at Automotive News Europe.

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