Legend takes small stake in Le Super Car

Analyst casts doubt on internet firm LeEco's capability to move into automobile industry

Legend Holdings Corp, the major shareholder of the world's biggest PC maker Lenovo Group Ltd, has invested in the first round of financing for the electric-vehicle project of Le Holdings Co Ltd.

"We are only a minority shareholder in this deal," Legend said in an e-mail statement on Thursday, without providing the exact amount of the investment.