LeEco founder's electric car completes test drives in Las Vegas
LeEco founder Jia Yueting's new electric car model has successfully completed several test drives in Las Vegas, reports Tencent and NetEase, which were invited on board the FF91.
Manufacturer Faraday Future will reveal the FF91's interior in March, and is planning to produce a small number of vehicles before the end of 2018.
Faraday Future has a plant in Hanford, California. However, the factory has yet to be mobilized, according to a reporter from thepaper.cn.
Tencent is reporting the factory may take some 10 months to open.
Faraday Future's electric vehicle FF91 is revealed at the CES 2017 in Las Vegas on January 4, 2017. [File Photo: dfic]
The FF91 was revealed a year ago. However, it's been undergoing development issues due to Jia Yueting's financial problems with LeEco.
The Wall Street Journal is reporting that Faraday Future has secured a 14 million US dollar investment.
Faraday Future's biggest investor, Jia Yueting, has chosen to focus on his new electric vehicle production instead of dealing with LeEco's estimated 7.3 million US dollars worth of unpaid debts.
Last week, Jia refused to comply with orders from Beijing securities regulators to return to China to deal with the situation, instead authorizing his wife and brother to sort out his debt in China.