Breakingviews - Shaky electric-car maker zips into market mania

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On Breakingviews: Shaky electric-car maker zips into market mania, writes petesweeneypro and KatrinaHamlin

Visitors gather around the Faraday Future FFZERO1 electric concept car during the Auto China 2016 auto show in Beijing April 25, 2016.

The journey has been bumpy for Faraday under founder Jia Yueting. Owing billions of dollars, he declared bankruptcy in 2019. Jia is on a debtor’s blacklist in China and is also banned from serving as a director or executive officer of any listed company there. Faraday, meanwhile, repeatedly scrambled to raise cash, securing support from Chinese property giant Evergrande along the way.

 

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Breakingviews petesweeneypro KatrinaHamlin

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