Cooperation between LETV and the British luxury auto manufacturer Aston Martin has been suspended for non-technological reason.

The cooperative agreement was officially signed in Frankfurt on February, 17th, 2016 for the establishment of electric vehicle joint-venture Company. Ding Lei, who was co-founder and Global Vice Chairman of LeSee, attended the signing ceremony. But he later resigned from LeSee in March, 2017.

LeEco said that Aston Martin was responsible for the automobile technology of RapidE, while LeEco would provide the power plant and Car-net technologies. But one insider once said that the cooperation has not been carried out. “Not for technological reason, but LeEco has not input funds.”

In fact, one cooperative achievement has been made public. The RapidE S concept model was displayed on the American Consumer Electronics Show on January, 2016, which was reformed on the basis of RapidE S and equipped with LeEco’s LEUI system. But the current RapidE S model sold on Aston Martin’s official website has not equipped with LeEco’s car-net system but “AMI III”.

Another Chinese company, China Equity cooperated with Invest Industrial and purchased 40% shares of Aston Martin with a price of USD 300m, becoming its biggest shareholder. It also listed the timetable that, “By the end of 2015, USD 75m units was invested, accounting for 42% shares of RapidE Company. Mass production was planned in 2018. China Equity AMR fleet will send four models to attend the “China GT” China Super Race Championship Contest.”

In the meantime, LeEco is launching its own electric vehicle plan. In January, 2017, Faraday Future published its first mass-produced vehicle car FF91 on CES, which received 64,124 units order in 36 hours. In the same month, Jia Yueting announced that the A-round financing of LeEco would start soon.