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LeTV is currently in a state of disarray, and just a few days ago, there were leaks about Jia Yueting, the founder. Although he publicly stated that he was pushing for the mass production of Faraday Future's first electric vehicle, skepticism remains widespread. Is this the right path? Only time will tell.
According to Tencent Technology, Ulrich Kranz, the former head of BMW's i3 electric vehicle project, has joined Faraday Future. He will lead the research and development and design of their electric vehicles. With over three decades of experience at BMW, Kranz has a vast network within the automotive industry, which could be a significant asset for Faraday.
Attached is a photo related to the event (insert image link).
Earlier reports suggested that Jia Yueting was planning to return to China this week. However, due to scheduling adjustments, he has postponed his return until next Monday. As reported by Sina Technology, the delay was primarily due to his desire to meet with the newly appointed CTO, Ulrich Kranz, in person.
Jia Yueting's primary purpose for visiting the U.S. was to oversee the $1 billion funding round for Faraday Future, a fledgling electric vehicle startup. His aim was to ensure the company expedited its production plans. Due to financial constraints, the company’s initial production model, the FF91, might need to use an off-the-shelf car assembly facility in California, either leasing or purchasing one.
Here is another image related to the ongoing developments (insert image link).
As the situation unfolds, it remains to be seen how these changes will impact LeTV and Faraday Future. Stay tuned for further updates as the story develops.
[Note: This is a speculative analysis based on current events and should not be taken as financial advice.]