There’s some confusion around the relationship between Faraday Future and LeEco’s LeSee electric car division beyond the fact that they were both founded by Jia Yueting. They are both separate companies – FF is based in the US and LeSee in China, but the technology behind LeSee’s electric sedan has been developed by Faraday.
It’s a similar arrangement as the joint-ventures US automakers have with Chinese companies in order to produce vehicles in the country. There have been doubts about Faraday Future or LeSee’s ability to bring any vehicle to market after financial issues.
Faraday Future had to delay work at its own factory in Nevada, but now LeEco announced this week that it broke ground at its $3 billion electric car factory in China. expand full story