Only Jia Yueting, the three founders of FF, is said to be bankrupt in finance and personnel.

全文约0字，阅读需要0分钟

Jia Yueting, chief executive of FF, said employees would be given unpaid leave or "leave" before getting new funds. So far, Jia Yueting is the only one of the three co-founders of FF.

Foreign media reports.

foreign media reports.

Beijing time on October 31st, according to US science and technology media the Verge, Faraday Future almost ran out of funds after a dispute with major investor Evergrande Health. The company is taking more stringent measures to prevent it from going bankrupt before new investment arrives. But last week's layoffs and pay cuts were not enough to offset about $10 million in monthly wages, so management decided this week to close parts of the company's headquarters in Gardiner, Calif., and its plant in Hanford, Calif.

FF CEO Jia Yueting said employees will be given unpaid leave or "leave" before getting new funds.

on Monday, Peter Savagian (Peter Savagian), one of FF's three founders and a longtime GM executive and senior vice president of technology and product development at Faraday Future, left the company.

to make matters worse, Nick Sampson, one of the three co-founders of Faraday Future, also resigned on Tuesday. So far, Jia Yueting is the only one of the three co-founders of FF.

it emerged last week that Chinese real estate giant Evergrande Group, the main financial backer of Faraday's future, clashed with Faraday's future, leading to layoffs and pay cuts.

"FF's financial and personnel assets are virtually insolvent and will at best survive for the foreseeable future. I don't think my future role in Faraday is a path I can take, so I will leave the company immediately, "Sampson wrote." "I don't know the adverse impact of the company on the lives of employees, their families and loved ones, and the knock-on effect it will have on the lives of our entire suppliers and the entire industry."

Sampson added, "if the situation changes materially, I will certainly consider returning to the company." Jia Yueting, chief executive of Faraday Future and the only remaining founder, said in an email that all employees who started work after May 1 this year "must take time off". Full-time employees who have been working at Faraday Future since May 1 will have the option to stay at the company, with an annual salary cut of $50, 000, according to current and former employees.

as of July this year, FF had received the first US $800m from Evergrande, and the remaining US $1.2 billion advance payment was rejected after arbitration in Hong Kong. The arbitrator did allow Faraday to seek up to $500m in new investment in the future, but that would require Evergrande's approval. Jia Yueting said in an email on Tuesday that Faraday Future was "currently in dialogue with investors from different backgrounds".

< br/ >