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Faraday Future : Chinese Court Seizes Assets of LeEco Founder

reddy

Member
Jan 26, 2013
997
1,544
Amarillo, TX

RobStark

Well-Known Member
Jul 2, 2013
10,720
56,620
Los Angeles, USA
Jia hired the best automotive professionals and they told him he needed $24B to fund his ambitions.

He laughed them off and thought he could do it for $3B-$4B.

He didn't want to start small like Tesla then grow he wanted to launch a Subaru sized company right away.
 
  • Informative
Reactions: Tam

BluestarE3

Active Member
Apr 2, 2016
4,088
5,213
Norcal
LeEco founder defies China return order, stays in U.S. for car fundraising

"The fundraising for Faraday Future in the United States is making significant progress and there are many tasks I need to push forward in order to ensure the production and timely delivery of the FF91," he said, referring to a luxury EV that LeEco is developing with Faraday Future.
Which seems to belie the claim he made recently (when he took over the helm of FF) that he had successfully secured the funding from an unspecified source.
 

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