FF Archives - Pandaily

Founder’s Debt Restructuring Plan Will Determine Faraday’s Future

On November 25, a meeting was held regarding Faraday Future (FF) founder Jia Yueting’s debt at the FF headquarters in Los Angeles, California.

Faraday Future Rumored to Restructure, CEO to Step Down

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.

Faraday Future Fires Furloughed Employees

American EV-startup Faraday Future has fired a number of employees who have been on unpaid leave for months.

Faraday Future Sells Headquarters After Break with Main Investor Evergrande

Faraday Future has sold its Los Angeles headquarters in a desperate effort to stay afloat after dispute with their former main investor Evergrande.

Faraday Future Announces the Sale of Its Property in North Las Vegas for $40 million

Faraday Future (FF) announced on Mar. 13 that it has decided to sell 900 acres of land in North Las Vegas, Nevada for $40 million.

Faraday Future Listed Among the 2019 Best Tech Startups in California by Tech Tribune

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.

Faraday Future Settles Dispute with Main Investor Evergrande

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.

Blockchain Startup EVAIO to Invest $900 Million in Faraday Future

“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 Lays Off Half of Their Employees Amid Financial Troubles

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.

Faraday Future Wins “Decisive Victory” in Emergency Arbitration

Arbitrators ruled that Evergrande could no longer prevent the EV-company Faraday Future (FF) from seeking funding from other financing sources in the emergency arbitration between the EV-company Faraday Future’s CEO Jia Yueting and Evergrande Health Industry Group Ltd. on Oct. 25.

Faraday Future Establishes HQ in China after Evergrande Became a Major Investor

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.

YT Jia’s electric vehicle factory opens in US, recruiting in Beijing, Shanghai

YT Jia’s car manufacturing business has made new progress. Faraday Future, an electric vehicle startup backed by LeEco founder YT Jia, announced the opening of its factory in Hanford, California. Photos revealed that the factory is already operating with some personnel and mechanical equipment.

Beijing Government Orders LeEco’s Ex-Chairman Back to China by Yearend

The Beijing Securities Regulatory Bureau released an announcement on December 25 that former LeEco chairman YT Jia must return to China by December 31. Jia is required to fulfill his duty as LeEco’s actual controller to deal with LeEco’s risks and protect investors’ rights and interests.

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