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Jia Yueting has repaid 3 billion US dollars of domestic debt, and the FF management structure will be changed.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)08/29 Report--

The founder and CEO of Faraday Future FF, which is in financial difficulties and the project is stagnant, Jia Yueting, founder and CEO, is looking for various ways to promote mass production delivery of FF 91. Recently, it is reported that Jia Yueting will promote the adjustment of FF governance structure, launch the partnership system, and hand over the top management of the company to the "partner committee". At the same time, Jia Yueting will also set up a personal debt repayment trust fund as a domestic debt repayment fund. At the same time, Jia Yueting may resign as global chairman and CEO. In response to this matter, FF has issued an official statement.

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FaradayFuture official statement original text:

In recent days, Chinese and foreign media have released a series of reports on the adjustment of FF governance structure and the departure of Mr. Jia Yueting as CEO. The responses are as follows:

FF has been working hard to promote the reform of the company's top-level governance structure since the end of last year, and has officially entered the implementation stage, and the relevant details will be announced in the near future.

Through this reform of the governance structure, more and more talents will join us. Previously, the organizational optimization of FF has promoted the change of the company's organizational structure and global integration, promoting more capable and young middle-level cadres to leadership positions, and the innovation and combat effectiveness of the overall organization has been greatly improved.

FF defined and built the disruptive product FF 91 several years ago, and a number of technologies and achievements have been in the leading position in the industry. at present, in addition to promoting the testing work before the delivery of FF 91, it is also continuing to promote product upgrades and iterations in the field of I.A.I (Internet, Autonomous Driving and AI), which determines the core competitiveness of cars in the future.

At the strategic level, the Internet ecological model created by Mr. Jia Yueting, founder and CEO of FF, a decade ago is still crucial to the long-term development of FF. Mr. Jia Yueting's dream vision and strategic foresight have given FF the gene of change; his layout in business model innovation has also established FF's differentiated competitiveness; at the same time, it will also continue to promote FF to achieve long-term strategic goals in the field of product technology innovation and user ecological innovation.

In addition, Mr. Jia Yueting has repaid more than 3 billion US dollars of domestic debt in various ways over the past two years, and the debt repayment trust fund was set up to solve the debt problem as soon as possible.

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