∗Faraday Future Archives - Page 2 of 2

Faraday Future to Land on NASDAQ as Pre-orders of its Mass-produced Cars Are Live

According to Faraday Future's official website, pre-orders of its first mass-production model FF91 are live, and prospective buyers can reserve the upcoming vehicle for 50,000 Yuan (around USD $7,700). This deposit supports a full refund before signing the contract.

China VC Weekly: EVs, Biotech and Logistics

In last week’s news, Faraday Future raises additional funds before possible listing, Jack Ma-backed biotech startup secures funds in a series C round, while logistics startup FlashEx raises a confident Series D round.

Race for Dominance in China’s Electric Car Industry Heats Up Amid Flurry of Tie-ups between Tech Giants and Automakers

The race to become the leader of clean energy vehicles in the world’s largest auto market is on, with more and more tie-ups established between China’s tech giants and traditional automakers.

EV Maker Faraday Future Goes Public on Nasdaq via Merger with PSAC

EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.

Jia Yueting No Longer Owns Equity in FF, Apologizes For Downfall of Leshi

FF and Leshi Internet founder Jia Yueting said on July 2 that his personal bankruptcy reorganization process was finally completed on June 26 in the United States.

US Court Confirms Restructuring of FF Founder Jia Yueting’s Personal Bankruptcy

Faraday Future (FF) founder and CPUO Jia Yueting had finally completed personal bankruptcy restructuring on May 21, Los Angeles local time, at a hearing in the District Court for the Central District of California.

FF Founder Jia Yueting’s Chapter 11 Restructuring Case Passes Voting At the Creditor Level

Jia Yueting has made noticeable progress recently in his personal bankruptcy case as the creditor voting results have been officially announced.

Faraday Future Appoints New Board Member

Faraday Future (FF) announced the appointment of Brian Krolicki as the first independent member of its board of directors.

Faraday Future Seeks Creditor Support as Founder Jia Yueting Struggles With Bankruptcy

Faraday Future's (FF) Global Partners Team recently released an open letter to its creditors, hoping they could vote in support of founder Jia Yueting’s bankruptcy and restructuring.

Faraday Future Founder Releases Statement on Bankruptcy Case

Jia Yueting released a statement after his Chapter 11 Disclosure Statement and the motion for approval of DIP Financing were approved.

Bankrupt Faraday Future Founder Responds to Dispute in Media Coverage Over Huge Amount of Family Claims

Jia Yueting announced that the $600 million claim declaration amount is the joint guarantee debt of both his brother Jia Yuemin and himself.

Faraday Future Founder Jia Yueting Reaches Agreement with Creditors on His Bankruptcy Case

On February 27, Faraday Future founder and former CEO Jia Yueting filed a "Plan Term Sheet" with the Bankruptcy Court for the Central District of California.

Wife of Former CEO of Faraday Future Files for Divorce

Gan Wei, Jia Yueting's wife initiated divorce proceedings and has filed a proof of claim in the amount of approximately $571 million, ever since Jia filed for bankruptcy back in October of 2019.

Faraday Future Signs Joint Venture with Internet Firm The9

Chinese EV-startup Faraday Future and The9 Limited, an established Chinese internet company, formally signed a joint venture agreement on Mar. 24 to manufacture, market, distribute, and sell smart internet electric cars in China.

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