Faraday’s Future At Risk From Parent Company LeEco’s Cash Deficiency? (video)

Bad news comes from China, where the LeEco group notes a deficiency of cash due to over-investment in various projects, possibly threatened a couple of EV start-ups in the future. Chinese billionaire and Chairman/co-founder of LeEco, Jia Yueting, sent a letter to employees on the financial situation and apologized to shareholders for… …read more