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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 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 posted on Father's Day: FF is like my child, I am always proud

  Coinciding with Father's Day, Jia Yueting today posted on Weibo that "FF:FF is like my child, and I will always be proud of it." FF partners and I will continue to be fully engaged and lead the automotive industry to change in the direction of Internet smart electric. Happy Father's Day to all of you! " With a picture of the FF concept car In this regard, many netizens on Weibo asked Jia Yueting when he would return home. Data show that FF was founded in 2016. in October 2016, the capital chain crisis of Letv system broke out and the stock price began to fall all the way. In May 2017, Letv laid off staff and encountered debt collection from suppliers. Jia Yue two months later.

  FF 2021-06-20
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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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  Jia Yueting FF91 production workshop was exposed, netizens: unexpectedly hand-assembled

  Jia Yueting is a character who is very easy to stir up people's nerves. It has been three years since he turned around to start a car-building business in the United States, and Jia Yueting is still looking around for funds to complete mass production of the new FF 91 car. Recently, Jia Yueting also said: FF 91 is only one foot away from delivery. FF's official Weibo recently released videos of the assembly and production of "FF 91 pre-production cars" and said the new car project is continuing. How the FF 91 pre-production car is assembled and produced, and the environment of the car factory, can be seen from the video pictures provided by the government. Jia Yueting's FF has been established for many years.

  Jia Yueting FF91 2020-12-04
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  Jia Yueting was forced to execute more than 4 billion yuan, and the total amount of execution exceeded 9 billion.

  According to Tianyan App, recently, Jia Yueting added a number of executive messages, the case numbers are (2021) Jing03 Zhihui 264, (2021) Jing03 Zhihui 265, etc., with a total execution target of more than 4 billion yuan. The enforcement courts are all Beijing No. 3 Intermediate people's Court. Among them, the relevant person subject to execution also includes Letv Holdings (Beijing) Co., Ltd. At present, the total amount of execution of Jia Yueting has exceeded 9 billion yuan. On the morning of July 22, US time, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony under the ticker symbol.

  Jia Yueting 2021-07-28
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  Jia Yueting's loan has not been repaid, and the execution target exceeds 150 million yuan.

  Jia Yueting's loan has not been repaid, and the execution target exceeds 150 million yuan.

  Jia Yueting 2021-06-17
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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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  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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  Jia Yueting attended the hearing again, considering the mass production plan of FF back home.

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  Jia Yueting 2019-12-07
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  FF online canvassing: only if FF succeeds, can Jia Yueting pay off his debts.

  According to the Faraday Future official account, FF Global Partners issued a letter to the creditors of the company's founder, Mr. Jia Yueting. FF said in the letter that it is hoped that all creditors will vote in favor of the bankruptcy restructuring of Jia Yueting, founder of FF. Only if FF is a great success, can Jia Yueting achieve full or even over-payment of debts, realize his desire to fulfill his duties to creditors, and FF's dream of building a shared intelligent travel ecosystem and transforming the automobile industry. FF also stressed that FF91 is only one step away from mass production, and FF has filed nearly 1500 patent applications in the past six years.

  The future of Faraday 2020-04-23
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  Interesting! Jia Yueting becomes the owner of FF91.

  Faraday future FF 91 model ushered in a new delivery again! Interestingly, the owner of this delivery is none other than Jia Yueting, the future founder of Faraday. On October 5th, Faraday Future officials said that this Sunday, FF will hold the first "delivery Co-creation Day" in October to launch the company

  Faraday Faraday Company Product Co-creation USA Automobile user founder Director Capital Model Music experience Development 2023-10-07
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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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  Jia Yueting's dream of building a car continues! Speak again after four months: continue to focus.

  Controlled by founder Jia Yueting, after many ticket jumps, the American car company FaradayFuture (FF), which is still unable to achieve mass production, will be realized with more progress. Jia Yueting, who has been silent for half a year, updated Weibo again recently after the exposure of the company's first FF 91 pre-production car.

  Jia Yueting 2020-11-13
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  Just to make FF! Jia Yueting officially resigned as CEO and became CPUO.

  On September 3rd, Faraday Future (FF) officially announced the appointment of Bi Fukang as global CEO to succeed Jia Yueting. Meanwhile, Jia Yueting, founder of FF, will resign from his former CEO position to become CPUO (chief product and user officer). In this regard, people related to FF said that Bi Fukang's experience in the field of automobiles and electric vehicles, plus Jia Yueting in the Internet, consumer electronics, A.I. And user operation vision and experience, will enable FF to achieve strong combination, complementary advantages, conducive to the long-term strategic development of FF. During this year's Shanghai Auto Show, Bi Fukang announced his departure from the car manufacturer Baiteng.

  Jia Yueting appointed officially 2019-09-03
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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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  Jia Yueting got into another lawsuit, and FF was faced with a supplier lawsuit to claim 500 million yuan in arrears.

  After leaving Evergrande Xu Jiayin, falling into the predicament of the capital chain and the slow progress of the factory, Jia Yueting seldom has other latest topics in front of us, but recently, foreign media have once again revealed that FF (Faraday Future Electric car Company) controlled by Jia Yueting is facing litigation claims. According to foreign media sources, suppliers and contractors have filed 11 new lawsuits against FF, requiring it to pay nearly $80 million (about 536 million yuan) in arrears, compensation and other related costs, accusing FF of breach of contract. FF, who has been short of money, has earlier been asked by suppliers to perform the contract for claims until Evergrande Capital.

  Jia Yueting 2019-03-02
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  Jia Yueting: fully promote the delivery of FF 91 Futurist

  Recently, the fact that FF China headquarters will be located in Huanggang City has sparked a heated discussion on the Internet. On January 18, Faraday Future officially announced that it had signed a strategic cooperation agreement with Huanggang City. Huanggang Municipal Government will actively assist FF in its industrial layout in Huanggang City, and FF China headquarters will also be moved to Huanggang City. Yesterday

  Faraday Faraday Huanggang Cooperation Company shareholder Director Board of Directors Capital Huanggang City loss Product Global founder partner 2023-01-20
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  State Grid subsidiary sues Jia Yueting and Letv Automobile

  Recently, according to App, Beijing Yingda Capital Management Co., Ltd. (a wholly-owned subsidiary of State Grid Co., Ltd.) sued Jia Yueting and Letv Automobile (Beijing) Co., Ltd., due to a loan contract dispute. The related case, Jing 04, will be heard in Beijing's fourth Intermediate people's Court on November 10. It is worth noting that on October 12th, about 96.5912 million shares of Leeco Information Technology (Beijing) Co., Ltd. held by Jia Yueting were auctioned online, according to Ali auction official. Among them, 1200 shares were worth 1805.76 million shares.

  Jia Yueting 2021-10-14
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  Jia Yueting sent a long apology.

  On the afternoon of June 21, Jia Yueting posted a long message on Weibo, "to all investors: frankly communicate one problem and two major opportunities-- stock merging and share expansion to break the funding bottleneck, and promote the realization of the" subverter + founder "strategy. Apologize for the delay in the second phase of Faraday's future first model. According to Jia Yueting, first

  Stage financing doctrine doctrine ability all-out model product team time capital China expert company strategy 2023-06-22