The startup of electric vehicles in difficulty Faraday Future’s Board Osward appointed the founder Jia Yueting as the company’s co-PDG, three years after being sidelined According to an internal probe In the allegations of fraud – an investigation which led to an investigation by the Securities and Exchange Commission which remains in progress.
Jia will serve alongside the current CEO Matthias Aydt and supervise the finance, legal and Faraday supply chain teams, the company announcement At a press conference on Thursday. Aydt is a future longtime employee of Faraday who was put in probation after him proposed to pay a future member of the Faraday board of directors up to $ 700,000 to resign in the middle of a power struggle for several months for the company.
Jia’s appointment comes a month after Faraday Future named Jia’s nephew, Jerry Wang, President of the startup EV. Wang resigned in 2022 following the internal probe due to “non-cooperation with the investigation” according to deposit With the Securities and Exchange Commission.
Faraday Future was founded by JIA in 2014 when he was trying to rely on what was at the time a successful electronics and media streaming empire in China.
This empire collapsed, and Jia exiled to the United States to focus on Faraday Future. The company has spent the last decade and more than $ 3 billion to develop an ultra-luxury EV called FF91. But it has only sold a dozen to date and has been accused in prosecution of having distorted some of these sales.
