Failed Founder Jia Yueting Boasts Faraday Future Can Challenge Ferrari


BEIJING, July 22 (TMTPOST)— Faraday Future aimed to achieve two phased milestones and the first is to deliver first electric model FF91 timely and efficiently to the high-end users across the world, so as to disrupt market of established luxury car brands such as Ferrari, Maybach and Bentley, said Jia Yueting, the failed Chinese founder of the California-based electric vehicle startup. 

As more models release and user ecosystem forms, the company’s second milestone is to make the revenue in intelligent products and service an explosive growth and become one of leading auto companies for high net worth individual users in the world, Jia expected prior to Faraday Future’s listing on Thursday.

Jia called FF91 the only production vehicle targeting high-end market which is equipped with more advanced technology than Tesla’s Model S. It is not only a high performance electric vehicle (EV), an all-in-one vehicle, an ultimate robotic vehicle, but also the third Internet living space, he noted.

Faraday Future began trading shares on the Nasdaq under the stock ticker FFIE that day and ended the debut at $13.98, just 1.45% higher than its offering price, even though shares rose as much as 23% in the morning trading.

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