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Faraday Future founder named co-CEO three years after being sidelined by internal probe

TechCrunch LogoTechCrunch16h ago

Faraday Future founder named co-CEO three years after being sidelined by internal probe - TechCrunch

Quick Summary:

Troubled electric vehicle startup Faraday Future’s board of directors has appointed founder Jia Yueting as the company’s co-CEO, three years after he was sidelined following an internal probe into allegations of fraud — a probe that led to a investigation by the Securities and Exchange Commission that remains ongoing.

Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops.

The company has spent the last decade and over $3 billion to develop an ultra-luxury EV called the FF91.


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Article Details

Author / Journalist: Sean O'Kane

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 02:20:10 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 28202242

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