Jia Yueting

LeEco & Faraday Future Founder Jia Yueting Skips Out On Chinese Authorities

Things are not looking any better for electric vehicle (EV) maker Faraday Future (FF) now that its CEO and co-founder, also LeEco’s Founder, defied an order from Chinese authorities to come back and explain himself for his lack of financial performance. Jia Yueting was once portrayed as a rising Chinese star (and billionaire) potentially following in the footsteps of Elon Musk.

Billionaire Behind LeEco (& Faraday Future) Slashes His Pay To 1 Yuan Because Firm Is…

Following on our earlier report that Faraday Future was behind on the payment of a $21 million deposit to the construction firm AECOM, the billionaire behind the electric vehicle firm, as well as LeEco and reportedly now Atieva to some degree, has released a letter to employees at LeEco admitting that the tech giant was running out of cash because of rapid expansion.

LeEco Shows Off Bold New EV Concept

Faraday Future spawned from the innovative spirit of Jia Yueting, who we quoted back in 2014 as saying, “This is our dream and passion…. Look at China’s skies. All responsible corporate citizens want to do something about it. This is the truth.” He truly is a man on a mission, as … [continued]