The Verge -
9 Nov 2018 05:17
California EV startup Faraday Future is arguing there's hope of moving forward without its main financial backer, Chinese real estate conglomerate Evergrande, according to a new court filing in California. The clock is ticking, though, because Faraday Future is in fact on the brink of insolvency, just as co-founder Nick Sampson recently said in his resignation letter. The company laid off hundreds of employees, and furloughed hundreds more; multiple executives have resigned. The Verge has learne...
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