AutoBeta(AutoBeta.net)05/07 Report--

On May 4, Tianyan check information showed that Jia Yueting, the future founder and chief product and user ecology officer of Faraday, was adopted by the Beijing Municipal No. 3 Intermediate people's Court to limit high consumption because he failed to implement the legal judgment at the specified time. The applicant is Ping an Bank Co., Ltd.

In fact, Ping an Securities has been collecting debts from Jia Yueting for six years. As early as September 28, 2017, Jia Yueting was filed as a person subject to execution. On December 11 of the same year, Jia Yueting was listed as the executor of breach of trust by the Beijing Municipal No. 3 Intermediate people's Court. According to the China Executive Information publicity Network, Jia Yueting failed to perform all the obligations specified in the effective legal documents because of violating the property reporting system. He was listed as the executor of breach of trust, including the payment of the initial transaction amount of RMB 462.1 million to Ping an Securities Co., Ltd., and the payment of interest to Ping an Securities of more than 4.14 million yuan. To pay liquidated damages to Ping an Securities, taking the corresponding repurchase transaction amount as the base, according to the ratio of 5/10000 per day, up to the actual settlement date of Jia Yueting, it is tentatively calculated to be more than 9.09 million yuan until June 27, and the notarization fee for the execution certificate is more than 1.42 million yuan to Ping an Securities. 2.56 million yuan in legal fees. On December 29th, Jia Yueting was ruled to have the obligation to continue to perform debts to Ping an Securities, and the total amount executed was consistent with the amount recovered this time, both of which were 479 million yuan.

On July 7, 2022, five years after the first filing of the case, Ping an Securities applied to resume enforcement. On March 16, 2023, there was a new development in the case. Jia Yueting was once again restricted consumption for failing to fulfill the relevant obligations.

It should be noted that Jia Yueting's loan is not limited to Ping an Securities. On January 6, 2023, due to a financial loan contract dispute, Ping an Bank Shenzhen Branch sued Jia Yueting and its Letv Sports and Cultural Industry Development (Beijing) Co., Ltd., Letv Holdings (Beijing) Co., Ltd. the amount of the above execution was 456 million yuan. The specific cause of the payment dispute has not been announced, but Jia Yueting and Leeco have business dealings with Ping an Securities. In 2010, Ping an Securities was the sponsor and lead underwriter when Leeco listed, with a total underwriting fee of 36 million yuan.

The judicial analysis of Tianyan investigation shows that in the judicial analysis involved in Jia Yueting, Jia Yueting accounted for 97% of the defense; the highest number of cases involving 57 disputes over liability for securities misrepresentation.

As of press time, Jia Yueting faced a number of consumption restrictions and lawsuits. Among them, there are 33 court announcements, 200 legal proceedings, 6.426172676 billion yuan for the defendant / appellee, 14 court announcements, 43 consumption restriction orders, 28 final cases, the total amount of execution is 10.92861044 billion yuan, the total amount of non-performance is 92.4565957.3 billion yuan, the proportion of non-performance is 84.6%, 2 cases of breach of faith, the proportion of non-performance is 100%, 6 articles of the person subject to execution, the total amount of execution is 42.3041757.1 billion yuan. 33 articles of judicial assistance; 70 pieces of filing information; 12 articles of historical restrictions on consumption; 4 cases of historical finalization; 23 cases of historical breach of trust; 60 cases of historical breach of trust, with a total amount of 30.0004754 billion yuan currently executed; and 27 articles of historical judicial assistance.

Despite the lawsuits, Jia Yueting, who suffocated his dream, did not give up building a car. Not long ago, Faraday Future announced that its first production car, the FF 91 Futurist, has been off the FF ieFactory production line in Hanford, California, which also means that the car has been built for nine years, and Faraday will finally be in mass production in the future.

On the 15th of last month, Jia Yueting said on his personal social account: "Nine years of adventure, nine years of tribulation, nine years of unyielding, finally saw that our dream of nine years of gestation ushered in the first production car offline." This marks the first time in the history of FF to complete the mass production process, and also marks that FF is about to enter a new stage of production, delivery, user acquisition and user operation. " According to the plan, the first production model is the FF 91 Futurist Alliance (limited to 300 units), which is scheduled to go offline in early April and delivered to customers by the end of April this year. However, the delivery of the new car was not completed at the agreed time, and Faraday did not explain the reasons for the delay in the delivery of FF 91 in the future.

According to the latest news, the delivery of the new car may be postponed to the end of this month.

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