Jia yueting biography definition

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  • Faraday Cage

    Faraday Future, once the most hyped electric vehicle startup following in Tesla’s wake, is now known for its money troubles, if it is known at all. Flashy hires — from SpaceX, Tesla, Apple, and Ford — have mostly moved on. The $2 billion it has spent to develop a luxury SUV hasn’t paid off; the vehicle is still not in production. This is all thanks to the company’s founder, a man who ran from China in 2017 to escape billions of dollars of debt, only to declare bankruptcy in the US this month: former Faraday Future CEO Jia Yueting.

    Smart money has the company on death watch. But Faraday Future is still alive, and its new CEO would like to explain why.

    Key Findings

    • Faraday Future raised eyebrows in 2014 by stealing talent from Silicon Valley and Detroit.
    • Founder Jia Yueting came to the US in 2017 to escape billions in Chinese debt. He quietly ran the company from the beginning.
    • In 2017, Faraday Future made a big splash at C

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      Noah Johnson joined discussion · May 30, 2024 16:56

      On the evening of February 28, 2016, at the famous "Ecological Global Annual Meeting" held at the Wukesong Stadium in Beijing, a senior LeEco executive posted on social media:

      "Those who have light in their eyes will not lose."

      Along with a photo of Jia Yueting. On scen, with the light and shadow enveloping, it shone upon this star entrepreneur who was right in the midst of a storm. He had just finished singing "The Wild Child," his eyes slightly moist, pursing his lips and looking forward.

      It fryst vatten hard to determine whether Jia Yueting was moved by his own singing or felt proud of the grand future he designed for LeEco. Likely, it was a combination of both.

      Less than ten months after this flamboyant annual meeting, Jia Y

      Faraday Future

      American car manufacturer

      Faraday Future Inc. is an American startup technology company founded in 2014 focused on the development of electric vehicles. Based in Los Angeles, California, it began producing vehicles in 2023 and markets them in the United States and China. The company delivered a total of 16 vehicles by January 2025. After two funding rounds in late 2024 totaling $60 million, the company announced it will pivot to selling rebadged Chinese vans.

      History

      [edit]

      Faraday Future was founded by Chinese businessman Jia Yueting in May 2014[5] and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood adjacent to Carson, California. From its inception in 2014, the company grew to 1,000 employees by January 2016.[6]

      The company is named for a founding principle of electric motor technology known as Faraday's law of induction,[7] which in turn is named after English scientist Michael Faraday who disc

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