LeSee executive confirms FF’s fundraising success

Shanghai (Gasgoo)- People familiar with the matter told the Securities Daily, a Chinese local media, that Gao Jingshen, COO of LeSee China, confirmed at an internal meeting that Faraday Future (FF) has got new investment successfully.

According to Gao, FF would adopt a strategy of double main markets (China and USA) and workers of LeSee are expected to be workers of FF soon. However, the executive didn’t give much information about the investors and the specific amount of the money.

After the meeting, the workers in LeSee received their bonus of 2016. A LeSee employee posted a Wechat Moments, a platform to share information with Wechat friends, saying that “Even though it is later for a year, but it came. Love LeSee so much.”

A LeSee staff revealed that in the near future, the HR department is expected to carry out the company’s promise of increasing core staff’s wage and also to implement the shareholding encouragement program. Up to now, FF China office declines to comment the report.

A source close to FF disclosed that “Even though FF and LeSee are both invested by Jia Yueting, they have no direct relationship in capital. But after LeSee joining FF, two companies will be integrated in capital and structure. In the future, FF will produce models under both brands, FF91 (FF brand) and LeSee. The first FF91 vehicles will be sold in China as well as in the USA. Afterwards the company will produce FF91 in China. LeSee vehicles will also be produced in China and sold in both markets. "