Faraday Future CEO trying to scrap deal post spending $800mn
Electric car startup Faraday Future has been accused by China's Evergrande Health of trying to scrap a $2-billion stake sale deal made with previous backer Season Smart. Evergrande claimed the startup's CEO Jia Yueting was seeking to deprive Season Smart of its shareholder rights to prevent any financial plans. Faraday Future spent the initial $800-million investment by July, filings revealed.