The Electric Hypercar Faraday Future Will Be One Of The Best Electric Cars

Dec 30, 2016 01:19 PM EST | Carl Anthony Teves

Faraday Future is an advance mobility company that invents high-quality vehicles. This company leverages the talent of thinkers and creators from the technology and automotive industries to produce intelligent electric vehicles.

Faraday Future aims to launch its first fully electric vehicle invention this year. This invention will have a large range of vehicles that has been existing.  This company has implied plans to explore and study aspects of technology and automotive industries.

Many people were excited for the launching of the new vehicle but suddenly the said event was postponed because an executive of the Faraday Future which is the acting CEO has unexpectedly left the company days before the launching event for the electrics vehicles in Consumer Electric Show.

According to the Verge, Ding Lei, a top executive at Chinese tech giant LeEco which is the "strategic partner" of Faraday Future and also considered as Faraday Future's acting global CEO was already departed from the both companies due to misunderstandings in terms of partnership and investments of the companies. This event made the relationship between LeEco and Faraday Future came worth nothing for them.

Until now the exact reason was never predicted because both companies never cleared and explained how they have separated. In addition, after the tragedy, there was a story about the employees of this Faraday Future company. According to some unnamed sources, the employees of this company never got paid for their work.

LeEco's founder Jia Young Jia Yuengling, also known Ding who happen to be the acting global CEO of Faraday Future uses his own money to pay the salary for the non-paid employees of the company. Ding was helping the Faraday Future company to run again and since the company has since stepped down, it needs to have better strategies to make the company survive in the future.


See Now: OnePlus 6: How Different Will It Be From OnePlus 5?

© 2021 Auto World News, All rights reserved. Do not reproduce without permission.
Get the Most Popular Autoworld Stories in a Weekly Newsletter

Join the Conversation

Real Time Analytics