On October 11, an insider close to Faraday Future founder Jia Yueting’s creditors revealed that they had received documents indicating that Jia was looking to file for bankruptcy in the United States.
On September 19, 2019, in Los Angeles, Faraday Future (FF) officially announced the latest equity financing, IPO, and FF 91 delivery strategy at the 2019 "919 Futurist Day" event.
Jia Yueting, founder of the troubled EV start-up Faraday Future (FF), stood down as the company’s CEO on September 3, confirming recent rumours. Carsten Breitfeld, who previously helped BMW launch their i8 hybrid sports car as well as had a hand in founding another EV startup Byton will fill the vacancy.
Faraday Future (FF) has added another chapter to its tumultuous history, as the company is rumored to be restructuring its organization and CEO Jia Yueting will step down as the firm’s leader.
On the afternoon of June 10 Beijing time, the stock price of The9 Limited (NASDAQ: NCTY) rose sharply. According to Sina Finance, as of 4:57pm Beijing time, June 10, The9's pre-market price was $1.47 per share, with an increase of 27.83 percent.
“Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
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.
Electric vehicle (EV) manufacturer Faraday Future (FF) said in an internal email on Tuesday that employees on unpaid leave could no longer return to work on March 1 as planned, according to American news site The Verge.
The Tech Tribune, a U.S.-based tech media, recently compiled a list of the best tech startups of 2019 in Los Angeles, California. Faraday Future, the American EV startup, makes to the list.
The war between EV startup Faraday Future (FF) and its main investor Evergrande appears to be over after the two companies reached a restructuring agreement on Dec. 31.
It seems the uphill battle for funding of Jia Yueting, founder of Faraday Future (FF), will only be getting steeper. On Dec. 13, a federal judge announced to temporarily freeze Jia’s 33 percent stake in the Gardena-based electric car startup, and put a protective order on his three high-end homes in Rancho Palos Verdes.
“EVAIO has made contact with Faraday Future to invest 900 million USD over three years via indirect STO. FF and EVAIO will now start up the discussion for the details of the plan,” posted Patrick De Potter, CEO of a blockchain startup named EVAIO, on Nov.13.
Faraday Future (FF), the electric car start-up aiming to challenge Tesla, held an “Evolution Strategy Communication Meeting” at the Los Angeles headquarters on Nov. 12.
The Chinese-invested and US-based electric vehicle producer Faraday Future (FF) is said to have laid off more than half of their employees and cut salaries for the ones remaining, due to cash flow problems that arise from its dispute with its main investor Evergrande Health.
Evergrande Health Industry Group Ltd. announced on August 14th that Faraday Future, a U.S. electric vehicle startup, has set up its operating headquarters in China and plans to build five R&D and production facilities across the country in the next decade.
Faraday Future (FF) announced on July 30 (PDT) the completion of its first body-in-white FF 91 electric vehicle (EV) in its Hanford assembly plant in Los Angeles.
