Written by Cláudio Afonso | LinkedIn | X
Electric vehicle startup Faraday Future revealed on Tuesday that Li Han, a member of the Board of Directors, resigned effective June 9, 2024.
Han, who also served on the Nominating and Corporate Governance Committee, cited personal reasons for her departure. She had been appointed to the Board on March 13, 2023.
Han served as General Counsel of Mirana Corp., a global investment firm focused on Web3 technologies, since January 2022. Prior to this, she was General Counsel at Bybit Fintech Limited, a cryptocurrency trading platform, from June 2021 to December of the same year.
The announcement was made in a recent filing with the U.S. Securities and Exchange Commission, which detailed Han’s resignation and suggested she may continue to advise the company in legal and strategic business development roles due to her relevant experience.
“Ms. Han may continue serving as an advisor to the Company focusing on legal and strategic business development, given her relevant background and experience,” Faraday Future stated.
In related news, Faraday Future is set to deliver the first second-generation FF 91 to a retail investor today at its Los Angeles headquarters. This delivery marks the resumption of the Start of Delivery Second Phase (SOD2) that began last year.
The company has not delivered any vehicles in the past four months, making this event a significant milestone.
“We are excited to welcome another user into the FF family to experience the FF 91 2.0,” said Matthias Aydt, the global CEO of Faraday Future. “It is a wonderful moment that marks our resuming deliveries in 2024.”
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The founder and Chief Product & User Ecosystem Officer, YT Jia, together with CEO Matthias Aydt, posted a new video last Friday updating investors on the latest developments as the stock faces tremendous volatility in recent weeks.
“The upcoming delivery of the FF 91 to our new retail investor marks the restart of the second phase of FF 91 deliveries (SOD2),” YT Jia wrote on X. Here’s the full video below:
On Thursday, the founder had revealed that the company had delivered no cars in the last four months enhancing that the upcoming delivery event to a retail shareholder was now possible due to new funding.
“After about four months, Faraday Future has finally secured some funding to complete the procurement, production, and testing of the parts for the twelfth car, which is about to be delivered to the next user. We thank our investors who have supported us during this period, allowing us to produce this car.
In the video, Faraday Future‘s Founder and Chief Product & User Ecosystem Officer, YT Jia, shared on Thursday that the company has completed the prodution of the 12th FF91 2.0 vehicle.
“FF completes production and testing of 12th FF 91 2.0, set to deliver to first retail investor user. As a heartfelt thank you to him and other retail investors like him, I’ve specially recorded two videos to introduce him to his new car,” Jia wrote on Thursday.
Last week, Faraday’s founder released a video criticizing what he described as “biased interpretations” from certain media outlets and “attacks by malicious short-selling institutions” affecting the company’s market performance.
Earlier in the week, Faraday Future had disclosed it had preliminary discussions with several global OEMs and suppliers to explore how the company could facilitate coordination between the US and Chinese automotive industries.
The company has recently disclosed it had “preliminary discussions with several global OEMs and suppliers” on how the company can “help build a bridge between US and Chinese automotive industries through industrial coordination and collaboration”.
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Written by Cláudio Afonso | LinkedIn | X
