Friday, July 2, 2021

Electric cars: Faraday Future

Faraday Future is a U.S.-based Tesla challenger start-up technology company focused on the development of electric vehicles, founded in 2014.
  • Founder: Yueting Jia
  • Founded: May 2014
  • Headquarters: Los Angeles, CA
  • Number of employees: 475 (approx.)
Jan 2021: Billionaire Jia Yueting’s electric car dream rekindled as Geely and other investors come to the rescue of Faraday Future.
Some 30 institutional investors from China, US and Europe are investing US$1 billion.
Faraday Future and Property Solutions Acquisition Corp, a special purpose acquisition company, will merge and fund the production of the FF91 electric car

Jia Yueting, the founder of LeEco Global Group, has been living in self-exile in the US since 2017, after he refused to obey Chinese authorities’ request to return home.

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