Chinese-Backed Electric Car Startup Faraday Future Plans $1 Billion U.S. Plant

#hashtags: #Jia Yueting #Tesla Motors #NSDQ #TSLA #Yueting #Faraday Future #California

In August, we first learned of the plans of Chinese billionaire Jia Yueting for a new electric car company rivaling Tesla Motors [NSDQ:TSLA]. It turns out Yueting’s electric car startup is the same Faraday Future that we reported on one month prior. Faraday Future is a company based in California promising to start production of an electric...