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Faraday is accused of not complying with the listing rules in the future.
As of Sept. 23, U.S. stocks closed at $0.767 per share, up 2.9% at Faraday Future, leaving a total market capitalization of just $252 million. It is understood that Faraday will be officially listed on the NASDAQ Stock Exchange in the United States on July 22, 2021.
On Tuesday, US stocks Faraday plunged quickly after resuming trading, triggering circuit breakers and suspending trading twice, down more than 40 per cent in intraday trading. By the close, Faraday was down 12.92% at $3.1 in the future. On the morning of July 22, 2021, US time, Faraday Futu
According to foreign media reports, Faraday Future Faraday Future was sued by Liu Hong, its former global general legal adviser, for $106 million in compensation. This is undoubtedly a new problem for the future of Faraday, which has not yet achieved mass production of new cars. On Jan. 3, Liu Hong filed a complaint with the Federal District Court for the Southern District of New York in Manhattan, claiming that Faraday overestimated his prospects with fraudulent information and poached him from the law firm Mayer Brown. At that time, the top management of Faraday disclosed to Liu Hong that the company was carrying out a financing of 2 billion yuan and promised Liu Hong 60.
Today, Faraday Future Weibo released its fourth quarter and full-year results for 2022, according to relevant data: the net loss of FF in the fourth quarter of 2022 was $153.9 million, compared with $84.3 million in the same period in 2021, an increase of $69.6 million. The cause of the loss
Today, the future official Weibo of Faraday said that FF 91 Futurist received the official EPA mileage rating issued by the US Environmental Protection Agency, and its electric vehicle had a range of 381mph. It said it had obtained the EPA certification issued by the US Environmental Protection Agency.
Faraday said in a regulatory announcement last night that the delivery time of FF91 cars has not yet been determined and is not expected to be in 2022, according to the Financial Associated Press today. Additional funds are needed after 2022 to support FF91 production in order to break even cash flow.
On April 14, according to documents issued by the Securities and Exchange Commission, the board of directors of FF adjusted the position of Jia Yueting, founder of FF. Jia Yueting will no longer serve as executive officer, but will retain his post of chief product officer, focusing on products and mobile ecosystems and the Internet, artificial intelligence and advanced research and development technologies. Earlier, according to documents disclosed by FF on SEC, some of the company's management and employees had received security notices and subpoenas from SEC, which showed that SEC had begun a formal investigation into the matter investigated by the special committee. FF said he had previously taken the initiative to contact SEC about the special committee's investigation.
On January 10, Faraday issued a future announcement that the company received a notice from the NASDAQ on January 4 that the company did not meet the requirements for continued listing because the company had not held its annual general meeting within 12 months after the end of the fiscal year ended December 31, 2021. Faraday Future Table
The fact that Faraday Future was accused of being an "emerging electric car scam that can't sell a car" has finally come to an end. On Tuesday, local time, Faraday announced that it had completed its previously announced investigation into allegations of inaccurate disclosure, according to media reports. The findings showed that other substantive allegations of inaccurate disclosure assessed by the Special Committee, including those in the short sellers' report, were not supported by the review evidence. In addition, the Special Committee did find some inconsistencies in its statements to investors and some weaknesses in corporate control and culture.
On April 8, according to foreign media reports, Faraday said on April 4 that he had received a letter from NASDAQ Stock Market Co., Ltd. The letter reads: NASDAQ Stock Market Co., Ltd. said that because Faraday did not submit its annual report as of December 31 last year in the form of 10Mel K documents, it said that Faraday did not comply with the NASDAQ listing rules in the future. Faraday said in the future that it was expected to receive this notice and hoped to restore compliance by April 19. It is understood that Faraday issued an announcement in March saying that the annual report had not been submitted in time, when Faraday said it needed more time.
Recently, there has been a lot of news about high-level disputes among Faraday in the future. Yesterday, the dispute among the top executives also came to an end, with Jia Yueting regaining future control of Faraday. Yesterday, Faraday Future said in an official Weibo post: Faraday Future announced new financing and with major stocks
On April 13th, Faraday issued a notice in Business Wire in the United States that the delivery of its first model will be delayed. The circular pointed out that some suppliers informed the company that the company's time requirements could not be met, so the start delivery time and three phases of FF 91 vehicles were updated.
Faraday laid off dozens of employees in the future earlier this month, according to two people familiar with the matter, according to Phoenix New Media Technology. Not only that, Faraday will cut all employees' salaries by 25% from next month, which is expected to last from November 1 to the end of the year to conserve cash. However, Faraday did not
On May 6, Faraday Future (FF) announced its results for the third quarter ended September 30, 2021. The results show that Faraday's net loss for the third quarter ended September 30, 2021 was $304 million, compared with a net loss of $33 million in the same period last year.
On Sept. 28, Faraday Future (Faraday Future) shares closed down 44.31%, the latest share price at $1.37, the market capitalization fell below the $30 million mark, the lowest since the Nasdaq IPO closed in July 2021. Faraday's Future Proclamation, August 17
Only four months after listing, the future FF of Faraday under Jia Yueting has been full of twists and turns. The latest news today shows that Faraday will be investigated by American law firm or face litigation in the future. Law firm Block & Leviton is investigating whether Jia Yueting's Faraday has violated US securities laws and regulations in the future and may file a lawsuit to help investors who have suffered financial losses as a result of buying its shares, according to several media reports. On November 24 this year, Faraday released news that the company had received a warning letter from Nasdaq that it had failed to submit its Q3 financial report for 2021 on time.
Faraday's future share price triggered a circuit breaker at 09:38 EDT, falling 36.95%, before resuming trading at 09:43. As of the close of the day, Faraday's future shares fell 23.75% to close at $2.60, with a total market capitalization of $786 million. According to the Tramway report
Following Faraday's future delivery of a third FF 91 2.0 Futurist Alliance last month, it welcomed a fourth owner in October. On October 1, Faraday issued an official announcement to FFIE's long-term investor and the world's largest
Faraday Future, an electric vehicle startup, held a global investor business communication meeting on December 16th. Chen Xuefeng, the global CEO of Faraday, who took office at the end of last month, appeared at the communication meeting. According to officials, the FF91 Futurist, the first production car, is expected
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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