Jia Yueting is a Chinese businessman who is the founder of Leshi Holding Group and the former CEO of Faraday Future.
20 Facts About Jia Yueting
1.
2.
Jia Yueting was born in Xiangfen, Shanxi, China in December 1973.
3.
Jia Yueting completed his undergraduate studies at Shanxi Provincial Finance and Taxation Vocational College with concentration in finance.
4.
Jia Yueting once took executive courses in the private business school Cheung Kong Graduate School of Business with unspecified time.
5.
Jia Yueting started as a tech support personnel in a Shanxi Province tax office.
6.
Jia Yueting was the owner of former Singapore-listed company Sinotel Technologies.
7.
Jia Yueting was replaced by Sun Hongbin, chairman of the second largest shareholder of Le.
8.
Jia Yueting refused to return, sending his wife instead to solve the financial issues, which sparked criticism from the Chinese government and the online community.
9.
The move was characterized by some industry observers as "a destructive strategy", with people pointing out that Jia Yueting actually did not want Lucid Motors to succeed.
10.
Jia Yueting then sold the majority stake of Faraday Future to Evergrande Health, a subsidiary of Evergrande Group while remaining as the CEO of the company.
11.
On July 5,2017, Jia Yueting moved to Los Angeles, claiming that his trip to the US was due to the related financial affairs of Faraday Future.
12.
Jia Yueting tweeted that this is the "new species" of electric vehicle.
13.
Jia Yueting has been dubbed by some English media outlets as "China's Steve Jobs", although lately it has been used to showcase the overexpansion of his technology companies.
14.
Jia Yueting has been dubbed by some Chinese media outlets as a "PowerPoint CEO".
15.
In December 2017, Jia Yueting was named to China's debt blacklist after he violated a court order by refusing to return to China to pay up more than 470 million RMB that he owed to Ping An Group.
16.
In late 2018, courts in both British Virgin Islands and California, enforced freezing of Jia Yueting's assets, including his ownership stake in Faraday Future and the properties he owned in California.
17.
In October 2019, Jia Yueting filed for Chapter 11 bankruptcy in Delaware, USA.
18.
Jia Yueting owed billions of dollars to more than 100 creditors in China.
19.
In December 2019, the Department of Justice accused Jia Yueting of engaging in dishonest behavior during the bankruptcy and filed a motion to have a new bankruptcy trustee appointed.
20.
The Office of the US Trustee criticized Jia Yueting and said that in general they had found him to be untrustworthy during their dealings with him.