Jia Yueting, the embattled Chinese businessman who founded Faraday Future, will be allowed by its biggest shareholder to keep control over the high-profile electric carmaker until the end of this year.
Jia will remain as chief executive of the US-based auto startup, Xu Jiayin, chairman of Evergrande Group, said on a visit to Faraday Future’s car-assembly plant in California on July 13, China’s state-backed The Paper reported yesterday. The Chinese real estate giant invested HKD6.7 billion (USD854 million) into the carmaker in June.
Jia has until the end of 2018 to start mass . . .
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