Jia Yueting, the founder of electric car start-up Faraday Future, has filed for bankruptcy in the US. Photo: Bloomberg

Chinese entrepreneur Jia Yueting files for bankruptcy in US but holds on to hope of building electric car to challenge Tesla

  • Chapter 11 bankruptcy filing calls for a creditor trust is to receive all of Jia’s US equity interest and personal assets under a debt restructuring plan
  • Jia’s team says he had repaid US$3 billion of debt but US$2 billion was still outstanding
Topic |   Electric cars

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Jia Yueting, the founder of electric car start-up Faraday Future, has filed for bankruptcy in the US. Photo: Bloomberg
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