FF employees before the end of foreign media: as long as Jia Yueting can not make a car

Foreign media Jalopnik published a long article on Jia Yueting's investment in Faraday's future. He interviewed a large number of Faraday's future employees and former employees to demonstrate people's real views on Jia Yueting and Faraday's future. The full text is compiled as follows: In Los Angeles, the famous wealthy district in Los Angeles, a 720-square-meter luxury mansion is located on the picturesque seashore. Standing upright in the house, the Pacific Ocean offers a panoramic view. This two-story mansion has six bedrooms, seven bathrooms and a garage that can accommodate three cars. In addition, its owner also enjoys absolute privacy - Google Maps does not provide street views of the area.

Such luxury homes abound in the local area, but the difference in this building is that its owner is not someone but a company called Ocean View Drive Inc.

According to the state government filing documents that have not been previously exposed, Ocean View is registered in the name of Deng Chaoying. She is also the vice president of Faraday Future. In 2016, some media reported that the only controlling shareholder of the company was Jia Yueting.

On the one hand, Faraday has become the focal point of all parties after the crisis of the capital chain broke out in the last year. On the other hand, Ocean View, as a shell company under Jia Yueting’s “Technology Empire,” continues to own luxurious luxury houses, which inevitably causes everyone to Guess, this also began to have a negative impact on his business. This mansion has a special nickname in the circle of falori executives: “Club Clubhouse”. According to informed sources, the house has many uses: it is a temporary guesthouse for new employees, it can also serve as the company's meeting room, or a luxury clubhouse where activities are held, and there are personal chefs ready to savour great meals. One source said that a $2,000 bottle of whiskey and wine was standard at this club gathering.

The ultimate luxury of this clubhouse is in stark contrast to Faraday’s dying struggle. This month, another group of executives resigned from the company, leaving Jia Yueting, the loner, to save his already unrepentant entrepreneurial image.

"In my opinion, he was fortunate enough to make a fortune. His money is too easy." - Anonymous Faraday's former employees

Faraday will face the world in high gear in 2015 and talk to people about what the future automobile should look like. It wants to create fully-electrically driven, stylish all-electric cars, and claims that these new cars can be adapted to the driver's preferences, just like today's smart phones. It also promised the world that Faraday will build the best car in the world and eliminate all existing cars.

“Cars should be able to understand the driver’s needs, preferences and where they want to go.” Nick Sampson, Falco's future senior vice president, said in 2015. However, apart from taking out a few prototype cars and the numerous problems that have exploded one after another, the company has yet to honor any promises.

Faraday's current situation is very similar to last year's time, when the company has exposed serious financial problems. In order to launch the FF 91 model at the CES (International Consumer Electronics Show), Ferrari will even stop building a plant because of financial problems. Unfortunately, although he barely survived the debut at CES, after a year, Ferrari seems to be revisiting the old road of last year.

Today's Ferrari faces many challenges in the future: Frequent departures of employees, cash flow shortages, and according to some undocumented lawsuits, it also faces new claims – ranging from small meals to catering expenses to warehouse rental fees.

Faraday refused to be interviewed in the future. In the face of a series of questions raised by the media, it gave the following brief statement:

"As a private company, we will not comment on any financial, legal or business plans related to Faraday Future or its investors."

Faraday's future is on the verge of dreams, and 44-year-old Jia Yueting is still standing in the center of this dream. Another company he founded, LeTV, is now in the same quagmire. Sources say he made a big mistake because of his own obedience. Watching the company may collapse in his own hands, Jia Yueting also refused to give up control of Faraday's future. Since the beginning of this year, investors have expressed their willingness to buy, but sources have said that each negotiation eventually ended with the withdrawal of Jia Yueting.

Seven people, including Faraday's future employees and insiders, were interviewed. They all believed that only Jia Yueting could be eliminated and Faraday would survive.

“Jia Yueting has actually proved himself to be an outstanding entrepreneur—very successful and respected.” said Michael Dunne, president of Dunne Automotive, a Hong Kong consulting company. “But now things are beyond his control.”

Jia Yueting had tried to change the technology industry with a swift and swift attitude. He first made billions of dollars by creating the Chinese version of Netflix. A few years later, with his personal charisma, enthusiastic enthusiasm, and strong financial resources, he stepped into the auto industry to promote this industry to become electrified. The future of automatic driving.

From the beginning of 2016, when AECOM, the contractor of the factory, asked for $21 million in engineering arrears, Faraday's future debt will continue to grow. As several senior executives have left, Jia Yueting began to face a pile of debt alone. In early October 2016, AECOM issued a warning: No further payments will be made to stop construction of the plant in Nevada. Later, Jia Yueting completely gave up his plans for a $1 billion plant. At the time, Faraday told AECOM in the future that the money was on the road and would arrive later.

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