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Billionaire Jia Yueting is narrowing his vision for LeEco's global expansion amid lackluster sales and the prospect of a cash crunch. The company entered the North American market in October with a splashy event in San Francisco, where it showed off an array of products, including ultra high-definition televisions, phones, virtual reality goggles and electric bikes. Yet LeEco generated US revenue of less than million last year after that October debut, compared with an original goal of 0 million, according to the person.

Boeing has submitted software updates for the automated flight control system to the FAA for review. The new operating system has been flight-tested but not yet approved.

Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery prices have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decline rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.

Boeing has said flight simulator training is not necessary for the 737 MAX and federal regulators do not require it. Nevertheless, some airlines purchased flight simulators, land-based versions of a cockpit that replicates flying complete with hydraulics to mimic the aircraft's pitch and roll under specific conditions.

Boeing informed the US Federal Aviation Administration (FAA) about the possible problem in December, and the company's new CEO, David Calhoun, discussed preliminary wiring changes last week, the newspaper reported.