Faraday Future is sued by Fuzhuo for $10 million in overdue payments

Recently, it was reported that Faraday Future, which seemed to be in great shape, had recently been exposed to have financing problems and the company's operations have been difficult. The company currently owes money to many suppliers and vendors. Recently, one of Faraday's suppliers, Futuris, has filed a lawsuit against it, demanding that Faraday Future pay its $10 million overdue payment, including $7 million in payment and $3 million in late payment fees (due to overdue for more than one month).

For American consumers, they may not be familiar with Fuzhou Automotive Interiors, but for Chinese manufacturers or big-name automakers such as Ford, GM, and Toyota, the company is not unfamiliar at all. The company mainly develops seats and vehicle interior parts. In addition, a warehouse owner in Southern California also filed a claim against Faraday Future for an overdue payment of $100,000.

According to Buzzfeed News (BN), it has received insider information and some confidential documents from the company, which confirms that Faraday Future is currently in a state of internal debt (totaling approximately $300 million, all of which are documented), a large part of which is overdue payments. Autoblog has not been able to independently confirm whether the report is true, but there are other reports that Faraday Future has financial problems and is said to have a murky relationship with its parent company in China, LeEco.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.