Faraday announced the results of the internal investigation in the future, and all the staff who violated discipline were punished, including the founder Jia Yueting, without exception, and he was dismissed from his senior management position. This decision is undoubtedly worse for Jia Yueting.

Jia Yueting, founder of electric vehicle startup.

Jia Yueting 1973 was born in Linfen City, Shanxi Province, and was the founder of LeTV Holding Group. Letv was founded in 2004, and after years of efforts of 10, it gradually rose to the LeTV mode. After he left LeTV, he founded Faraday Future and merged with other companies to become a listed company.

However, in the following years, Jia Yueting fell into various crises. Stocks are frozen, investigated by the CSRC, blacklisted by the securities and futures market, restricted from high consumption, banned from entering the securities market for life and so on.

Faraday's future internal investigation was announced.

Jia Yueting was dismissed from his position as an executive. On April 4, 2022 14, US Eastern Time, Faraday's future board of directors announced the adjustment of Jia Yueting's position. According to the announcement, Jia Yueting continues to be the Chief Product Officer and User Ecosystem Officer.

His main work is used in artificial intelligence, advanced research and development technology and mobile ecosystem, and he no longer holds the position of executive officer. Prior to this, Faraday had been conducting an internal investigation in the future, and Jia Yueting was once fined a 25% pay cut. Now, Jia Yueting's career has been hit hard and entered the cold winter.

What did Jia Yueting do?

Jia Yueting violated company discipline, and Ferrari failed to provide the annual report to Nasdaq in time. The Nasdaq Stock Exchange issued a notice to the company, requiring Ferrari to submit its annual report before May 6, 2022. It also involves the published short-selling report and some problems of order payment data.