http://www.reuters.com/article/2015/08/31/autos-china-electric-idUSL5N1162SQ20150831 "A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc." The backers have hired ex-Ford Motor Co executive Martin Leach to build a global automaker, a NextEV spokeswoman said on Monday. The backers have also recruited experts with previous experience at Tesla, BMW AG, Volkswagen AG and other major car companies." "The first model launched by NextEV will be an electric supercar," NextEV spokeswoman Jili Liu told Reuters. "This EV supercar is expected to outperform all combustion (engine) supercars in the world." The sportscar is expected to debut in 2016. It will be designed to produce more than 1,000 horsepower and accelerate from 0 to 100 kilometers an hour (62 miles per hour) within 3 seconds, Liu said. A range of high-performance family cars will follow." sigh. Another "rival" to Tesla Motors... at least this sounds more serious than the [email protected]. Thoughts?