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  FF is exposed to architecture governance! Jia Yueting set up a personal debt repayment trust to solve the debt problem.

  Jia Yueting, founder and CEO of FaradayFuture, is transforming FF's existing top governance structure by introducing a partnership system and handing over top governance to a "partner committee", according to people close to Faraday's future. At the same time, Jia Yueting will also set up a personal debt repayment trust fund as a domestic debt repayment fund. In June 2018, Evergrande formally reached a cooperation with Evergrande, and Evergrande became the largest shareholder of FF. The two sides then parted ways at the end of 2018 because of equity issues. Since January 1 this year, FF and Evergrande score, FF admitted in the funding side.

  Jia Yueting 2019-08-26
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  Eventually go bankrupt! FF confirmed that Jia Yueting applied for bankruptcy reorganization in order to thoroughly solve the debt problem.

  According to relevant media reports on October 11, Jia Yueting, the future founder of Faraday, submitted the relevant documents on personal bankruptcy reorganization to the US court. According to the document, Jia Yueting will transfer all assets to creditors through a previous trust, which is controlled and managed by the creditors' committee and the trust trustee. Jia Yueting submitted bankruptcy restructuring to the United States, Jia Yueting himself and his domestic debt group did not explain the "bankruptcy restructuring." Faraday officially announced today that in order to thoroughly solve the personal domestic debt problem, Faraday Future founder and CPUO...

  Jia Yueting's personal bankruptcy and reorganization 2019-10-14
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  Jia Yueting filed for bankruptcy reorganization, official statement: FF as soon as possible to achieve equity financing and IPO targets

  The news that Jia Yueting, the founder of FF, voluntarily applied for personal bankruptcy reorganization was confirmed that according to the plan, all FF shares and related income rights held by Jia Yueting were formally transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. In addition, the debt handling team told the media that so far, Jia Yueting has repaid more than 3 billion US dollars in debt, and the total outstanding debt is about 3.6 billion US dollars. If you subtract the secured debt that has been frozen for disposal of domestic assets and convertible shares, Jia Yueting's remaining net debt is about 2 billion US dollars. FaradayFuture released on October 14 th.

  Jia Yueting goes bankrupt 2019-10-15
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  Jia Yueting resigned from FF CEO and said "only to repay the debt" Leeco: no refund was received.

  On Sept. 3, FF announced that founder Jia Yueting would resign as CEO to become CPUO (Chief Product and user Officer) and appoint Bi Fukang, former chairman of Baiteng, as FF global CEO. At the same time, FF also said that founder Jia Yueting will join hands with Bi Fukang to build a stronger product technology and global management team, and will continue to promote changes in the top-level governance architecture. FF insiders revealed that changes in the partner's system and top-level governance structure were brewing internally about a year ago. At the beginning of this change, Jia Yueting was determined to resign from CEO, because only in this way can more outstanding talents be attracted to the company. Jia.

  Jia Yueting 2019-09-04
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  Brilliance is mired in a debt crisis, and the official response has set up a debt committee to seek support.

  On August 12, a number of bonds owned by brilliance Automobile Group continued to plummet. 19 Huaqi 01 and 18 Huaqi 01 both fell more than 20%, 19 Huaqi 02 fell more than 14%, 17 Huaqi 01 fell more than 9%. For the continued decline in its bonds, brilliance said that it had set up a debt committee, which mainly took the lead in Everbright Bank, mainly coordinating relevant creditors not to draw loans, suppress loans, break loans, and continue to give financial and financial support to the company. According to the rating report released by Oriental Jincheng, at the end of March 2020, brilliance Holdings had total assets of 175.437 billion yuan and total liabilities of 122.675 billion yuan.

  Brilliance car 2020-08-13
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  Debt collection is the norm! Huatai Automobile has been sued by its suppliers for debt recovery, and its debt has reached 2.2 billion yuan.

  Zhejiang Zhuji Wanbao Machinery Co., Ltd., a wholly-owned subsidiary of Wanan Technology, submitted a civil lawsuit to the people's Court of Zhuji City on October 18, demanding Huatai Motor and its subsidiaries to pay about 13.17 million yuan, according to a notice issued by Wanan Science and Technology on November 5. At present, the people's Court of Zhuji City, Zhejiang Province has accepted the case. The announcement said that the defendant Tianjin Huatai car body continued to purchase brake assembly, vacuum booster assembly, clutch pump assembly and other auto parts from Zhuji Wanbao. Zhuji Wanbao delivered goods on time according to the order and fulfilled its contractual obligations in a timely manner. However, Tianjin Huatai car body is in arrears of payment, not in accordance with the contract.

  Huatai Automobile 2019-11-06
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  Whether Jia Yueting, who has a monthly income of 93000 US dollars, can go bankrupt and reorganize needs to be voted by creditors.

  A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.

  Whether Jia Yueting can go bankrupt and reorganize depends on the vote of the creditors. 2019-10-17
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  Jia Yueting agreed with the debt committee that creditors have the right to dispose of domestic assets.

  On February 29, Jia Yueting's debt handling team issued a statement saying that Jia Yueting had formally submitted a list of core terms of bankruptcy reorganization to the Central District Court of California, which was jointly signed by Jia Yueting and the creditors Committee after several rounds of negotiation and agreement. Jia Yueting plans to submit a new version of the disclosure statement based on the list of core terms this week and start the voting process after the court approves the disclosure letter to facilitate the completion of the restructuring as soon as possible, when FF's global financing and development will also be on the fast track. Jia Yueting made huge concessions in consultation with the debt committee, and Jia Yueting will no longer want it, according to the list of core terms of bankruptcy reorganization submitted.

  Jia Yueting Faraday Future 2020-02-29
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  In order to suffocate his dream, Jia Yueting finally went bankrupt!

  According to Jia Yueting's debt handling team, after seven months of application, negotiation, voting and court confirmation, Jia Yueting's personal bankruptcy reorganization was finally confirmed and approved by the California Central District bankruptcy reorganization Court at a hearing held in Los Angeles on May 21, local time, which means that the personal bankruptcy reorganization has officially entered the effective process. According to Jia Yueting's personal bankruptcy reorganization plan, Jia Yueting will transfer all the FF shares held by the individual to the creditor trust. Jia Yueting, the founder of FF, will no longer own FF shares, but will still lead the development of FF as CPUO. In short, Jia Yueting's debt will be similar to that of FF.

  Jia Yueting 2020-05-22
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  The debt storm continued to ferment, and Huatai Motor's assets of 50 million yuan were seized.

  Recently, due to the overdue payment of Huatai auto bonds, Hunan Anren Rural Commercial Bank sued Huatai Automobile Group Co., Ltd. and its legal representative Zhang Xiugen in court on the grounds of bond trading disputes. request the court to freeze Huatai Automobile and Zhang Xiugen bank deposits of 50 million yuan or seize assets of corresponding value, and this request has also been approved by the court. At this point, Huatai's debt crisis has further aggravated, and it can be said that "the house leak meets the rain all night." Huatai Motor has a long history of financial difficulties. As early as July 26, the Shanghai Stock Exchange issued a notice criticizing Huatai Automobile and recording it in the integrity files of listed companies. ...

  Car ten thousand yuan Huatai car 2019-08-06
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  Jia Yueting creditors' meeting begins, the success of bankruptcy reorganization will determine the life and death of FF.

  Jia Yueting's debt handling group posted on Weibo that Jia Yueting's creditors' meeting was officially held at FF's US headquarters. 35 creditors from 20 creditor institutions, as well as lawyers, attended the debt meeting to discuss with Jia Yueting the personal bankruptcy restructuring and the future development of FF. Jia Yueting said that the success of debt restructuring determines the life and death of FF, but also determines the interests of creditors, and hopes to vote on the adjusted restructuring plan in mid-late December to push forward the passage of the plan as soon as possible. At the meeting, Jia Yueting apologized to all creditors, saying he was confident of reaching a debt restructuring plan with creditors.

  Jia Yueting bankruptcy reorganization 2019-11-26
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  Jia Yueting's debt handling team clarified that rumors of "heart" tried to control FF.

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  Jia Yueting rumors 2019-11-05
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  Jia Yueting: if I return to China, I will work for the creditors! Netizen: is it not easy to mix in the United States?

  Jia Yueting wrote to more than 100 creditors on November 11, saying that he was the first person in charge of Letv's ecological failure, resulting in the debt could not be repaid in time and would be in closer contact with the creditors in the future. "during his two years in the United States, paying off debts and returning home and turning FF into a business are his two major tasks." According to Jia Yueting's letter, he has repaid more than $3 billion in debt and about $3.6 billion in outstanding debt, minus the secured debt that has frozen domestic assets to be disposed of and convertible, with a net debt of about $2 billion. Jia Yueting also said in the letter that compared with the default bankruptcy liquidation, although bankruptcy restructuring is difficult.

  Jia Yueting bankruptcy reorganization 2019-11-11
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  Jia Yueting has repaid 3 billion US dollars of domestic debt, and the FF management structure will be changed.

  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. FaradayFuture official statement original: in recent days, Chinese and foreign media have released.

  Jia Yueting 2019-08-29
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  It is revealed that Jia Yueting bought a 20 million luxury house before he went bankrupt. FF should report that it is a pure rumor.

  Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.

  Jia Yueting goes bankrupt 2019-10-31
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  A mountain of debt! Zhongtai Automobile was again accused of defaulting on a debt of 616 million yuan.

  On the evening of November 27th, Zhongtai Automobile issued the latest announcement that its wholly-owned subsidiary Hangzhou Energy Saving Power Co., Ltd. owed a total of 616 million yuan in arrears and overdue liquidated damages to Shenzhen Bic Battery Co., Ltd., and requested that Zhongtai New Energy Automobile Co., Ltd., Yongkang Zhongtai Automobile Co., Ltd., Zhongtai Automobile and Jin Zheyong be jointly and severally liable for the above debts. The case was accepted by the people's Government of Jinkang City. The trial has not yet been held. Zhongtai Automobile said in the announcement that because the above litigation case has not yet formed a final judgment, it is not possible to judge the impact of the lawsuit on the company's current or post-term profits. The company will follow the law.

  Zhongtai Automobile 2019-11-28
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  Brilliance Automobile Group is in crisis because of debt problems.

  Brilliance Automobile Group, once a well-known independent car company, is now in trouble because of its huge debt. Brilliance auto funding crisis broke out as a result of failing to repay maturing bonds on schedule. On November 2, the Shanghai Stock Exchange issued a notice giving a written warning to brilliance. According to media reports, the Liaoning provincial government is said to be considering promoting judicial restructuring of brilliance Automobile Group. Brilliance Automobile Group confirmed in an announcement that the 1 billion yuan private bond "17 Huaqi 05" could not be repaid on schedule. Brilliance was supposed to pay 1 billion of the principal of 17 Huaqi 05 before 16:00 on October 21.

  Brilliance car 2020-11-03
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  23.54 million yuan was publicly solicited! Dongfeng Motor responded.

  On May 26, Wuhan Finance Bureau and Wuhan Yangtze River Asset Management Co., Ltd. issued a joint notice on debt collection in the Yangtze River Daily, requiring 259 enterprises and units to repay outstanding debts by the end of 2018. The announcement lists in detail the names and loan books of 259 debt units.

  Company Dongfeng Wuhan Automobile Finance Limited Co. Ltd. Light debt announcement Dongfeng Motor Unit Wuhan Yangtze River arrears 2023-05-29
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  Side by side, the battery giant manufacturer in Ningde era collapsed, with a debt of 19.7 billion yuan.

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  New energy 19.7 billion yuan in debt 2019-11-14
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  The net exposed that Baiteng car once again overpaid the debt, and the production qualification was still unable to land.

  In September last year, Baiteng Automobile plans to buy FAW Wali's passenger car production qualification for 1 yuan, and will be saddled with FAW Wali's high debt of not less than 800 million yuan. A few days ago, some shareholders asked on the relevant platform whether the FAW Xiali Baiteng car funds were paid as scheduled, but FAW Xiali Dong Mi revealed in response to the questions raised by the shareholders that part of the money returned by Nanjing Zhixing (that is, Baiteng parent company) on behalf of Huali had not yet been received. It means that Baiteng has not yet been qualified to build a car. Subsequently, the media revealed that Baiteng made a reply to the matter: "on payment-related matters, Baiteng has always maintained active communication with FAW Xiali, and carried out this."

  The net exposed that Baiteng Motor once again overpaid its debts. 2019-10-10