Jia Yueting, the former head of embattled Chinese conglomerate LeEco, has pushed forward with his electric car ambitions in the US as creditors in China clamour to reclaim millions in debts.
Faraday Future, an American electric vehicle start-up of which Mr Jia is the only known investor, announced this week it had secured the lease on a new manufacturing space about 200 miles north of Los Angeles.
The site gives Mr Jia’s carmaking venture a second wind after the company announced it had scrapped construction on a $1bn Nevada car factory that had been riddled with delays and millions in late payments to contractors.
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