A court in China has frozen $182 million in assets of Jia Yueting, the billionaire founder of LeEco and the major backer of U.S. electric car startup Faraday Future.
Read more »
Related News
-
Faraday Future Boss Allegedly Created $75 Million Trust For Children With Company Money
A software developer has accused Faraday Future boss and financier Jia Yueting of creating a $75 million trust fund for…
-
Faraday Future’s Concept Salutes The Future At CES 2016
With a styling that’s reminiscent of an UFO, rather than an actual car, the FFZERO1 previews Faraday Future’s plans to…
-
Faraday Future Loses Five Senior Executives
Just when you thought things couldn’t get any worse for troubled startup Faraday Future, it has been revealed that five…
- Faraday Future Leases A New Production Site In California
Following a disastrous attempt to build a new production facility in Nevada, Faraday Future has signed a lease on a…
-
Faraday Future Loses Global CEO Days Before CES
The global chief executive of Faraday Future has stepped down from his position just days before CES 2017 kicks off.Read…
-
Faraday Future Releases Latest Teaser And Interactive Website
Another teaser image of Faraday Future’s long-awaited model has been released prior to the model’s world premiere at CES 2017…
-
Faraday Future Joins Formula E With Dragon Racing
Faraday Future is jumping into Formula E. Only instead of launching its own team as Jaguar and others have, it's…
-
Faraday Future Stops Work On Billion-Dollar Megafactory
The construction company employed by Faraday Future to build its billion-dollar megafactory in Nevada has confirmed that work on the…
-
Tata Motors Denies Faraday Future Investment
Hot on the heels of reports from China claiming that Tata Motors had invested $900 million in Faraday Future for…
-
Faraday Future Poaches Key Apple Car Researcher
A key researcher from Apple's 'Project Titan' car project has been poached by Faraday Future reports The Detroit Bureau.Read more…
-
Auto Supplier Sues Faraday Future For $10 Million
As Faraday Future edges towards the release of its first production vehicle at CES next month, the company would want…
- Nevada Officially Ends Relationship With Faraday Future
The State of Nevada's relationship with troubled electric car start-up Faraday Future has been severed.Read more »
-
Faraday Future Unveils Revolutionary FFZERO1 Concept
The veil on Faraday Future's advanced all-electric car, the FFZERO1 Concept, has just been lifted during a live presentation at…
- Faraday Future Looking To Raise $1 Billion As Main Backer LeEco Struggles
Faraday Future is reportedly looking to raise $1 billion in a bid to protect itself from the financial problems of…
-
Nevada Inked $335 Million Deal With Faraday Future Without Knowing Its Financials
It has emerged that state officials from Nevada approved $335 million in tax credits for Faraday Future without knowing about…
- Faraday Backer LeEco Slashes U.S. Jobs
Chinese company and financial backer of Faraday Future, LeEco, has slashed 70 per cent of its workforce in the United…
-
Faraday Future Hires Ex Ferrari Executive
There are lots of start-up companies with big ambitions, but how many hire ex-Ferrari bosses? Read more »
-
Faraday Future Hit With $1.8 Million Lawsuit After CES Debut
Less than a month after debuting its first production vehicle at CES 2017, Faraday Future has been hit with a…
-
Faraday Future Reportedly Receives $900 Million From Tata
After months of turmoil, it appears as though electric car startup Faraday Future has caught a huge break following a…
-
Court Seizes Faraday Future Founder’s Assets In China
Faraday Future Jia Yueting’s troubles with the law keep pilling as a court has seized all of his assets it…