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Following asset freeze, Faraday Future postpones Nevada plant indefinitely

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At the groundbreaking for Faraday Future's production facility in North Las Vegas (April 13, 2016)Last week, we wrote (again) about Faraday Future and its ongoing cash struggles. As if things weren't bad enough for the Chinese start-up, the situation has been worsened by the Chinese government, which recently froze $2.5 billion in assets held by founder Jia Yueting, his wife, and subsidiaries of Yueting's LeEco corporation. Faraday is in the...

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This almost sounds like a Malcolm Bricklin company.

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Kill it before it grows....

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The Chinese government might being doing just that.

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