Text: Understand Che Di's original Liu Yiwei
Recently, Faraday Future (FF) issued an announcement announcing that it has reached a final agreement with the company's major shareholder, FF Top, on financing and board restructuring.
Jia Yueting led the partnership company to reorganize the FF board of directors
The agreement shows that FF Top and FF formally reached a package of governance structure adjustment agreements, including restructuring the board of directors, and FF founder Jia Yueting and FF partners successfully restructured the company's board of directors.
Due to "order fraud", Jia Yueting was dismissed from his management position
It should be added that in April this year, Jia Yueting was dismissed from management due to "order fraud", another core executive, Jerry Wang, vice president of the capital department, also left FF, and Sue Swenson was appointed chairman of the board of directors. It can be seen that after the "order fraud" incident, the influence of the founding team of Chinese executives represented by Jia Yueting on FF has been seriously weakened.
On September 20, FF Top filed a lawsuit against FF to remove two board members.
As the latest information goes, current Executive Chairman Sue Swenson and former Chairman (current Director) Brian Krolicki will resign, while Jia Yueting and his partner team will regain control of FF.
In addition, FF will receive more than $100 million (about 7.16 billion yuan) in financing from Daguan and ATW, which will be used for the mass production delivery of its first model, the FF 91.
FF 91 Futurist completes the product design at FF's Los Angeles headquarters
According to reports, FF 91 completed the product design at the FF Los Angeles headquarters, engineering research and development by engineering teams located in Los Angeles, Silicon Valley and China, and is currently in FF ieFactory California in Hanford, California, for the production of quasi-production vehicles, and the new car is scheduled to be delivered in the fourth quarter of this year.