Jia Yueting, pictured, is the founder of Faraday Future who filed for Chapter 11 bankruptcy today in DelawareA Chinese electric car entrepreneur has filed for bankruptcy in the US in the hopes of satisfying the company's debts in China. Jia Yueting, 46, founder of electric car start-up Faraday Future and the LeEco streaming service, said he has already repaid $3 billion worth of debt with another $2 billion outstanding. A statement from his team said that he filed for Chapter 11 bankruptcy on Sunday and will enter a debt restructuring plan. Jia Yueting, introduces LeSEE self-driving electric car at a press conference in Beijing. According to the Faraday website the FF91 is : 'All-electric, autonomous-ready and seamlessly connected, it embodies our latest mobility advancements in performance, intelligence, and user experience.'

Source: Daily Mail October 15, 2019 11:47 UTC