
Electric vehicle startup that delivered only four vehicles in 2025 faces questions over related party transactions as SEC drops four-year probe
AI-generated summary
Faraday Future paid approximately $7.5 million in 2025 to FF Global Partners LLC, a company controlled by founder Jia Yueting, while still under SEC investigation into related party transactions. The struggling EV startup, which delivered only four vehicles and lost nearly $400 million last year, made payments including $100,000 monthly consulting fees, a $2 million bonus, and $1.7 million for loan repayments. The SEC dropped its four-year investigation in March despite having recommended an enforcement action last year.
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