Jia Yueting Archives - Page 3 of 4

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 Shines at CES, Struggles to Catch up With Tesla

Faraday Future announced on January 8 that its FF91 model completed a 250-mile long-distance road test at the Consumer Electronics Show (CES), held annually in Las Vegas.

Faraday Future Struggles With Funding, Plans to Enter China

Breitfeld has already launched plans to enter China. He revealed that the purpose of his visit to Beijing was to find potential partners in China and establish joint ventures.

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 to Hold Creditors Meeting to Discuss Jia Yueting’s Bankruptcy Proposal

On November 25, Faraday Future headquarters will hold a creditors meeting to discuss the bankruptcy reorganization proposal put forth by the former CEO of the company, Jia Yueting.

Faraday Future CEO Claims The Firm has the Best Electric Powertrains in the Industry

Carsten Breitfeld, who led the development of the BMW i8 plug-in hybrid, landed the CEO role at Faraday Future (FF) two months ago.

Jia Apologizes to Creditors and Vows to Pay Back All His Debt

Jia Yueting recently sent a letter to more than 100 creditors to assure them of his convictions to pay back all debts accumulated from his founding company, Leshi Holding Group

Faraday Future New Global CEO Shares Opinion on Jia Yueting’s Bankruptcy

On October 14, reporters from Chinese media 21Tech met with the new global CEO, Carsten Breitfeld, in FF's Beijing office to discuss his vision for the company and Jia Yueting's bankruptcy announcement.

Faraday Future Founder Files for Bankruptcy, Plans to Return to China to Promote Company Development

Faraday Future announced that in order to solve the problem of personal debt, the founder and CPUO of the company, Jia Yuetin, applied for personal bankruptcy restructuring (Chapter 11) in the United States.

Faraday Future Founder Faces Potential Bankruptcy

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.

Faraday Future Announces Its Latest Financing and Delivery Plans

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.

Faraday Future CEO Steps Down, Lead of BMW’s i8 Project Takes Over

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.

Le.com on the Brink of Delisting, CEO Jia Yueting Under Investigation

LeEco founder Jia Yueting is being scrutinized by Chinese securities regulators and Leshi is on the edge of delisting.

L.A. Federal Court Freezes Faraday Future CEO’s Assets and California Mansions

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.

Faraday Future Eyes a Potential IPO in 2020

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.

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.

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