Category Archives: Season Smart

Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal

Evergrande Health, the investor that bailed out besieged electric vehicle startup Faraday Future in a deal worth $2 billion this summer, is now accusing it of attempting to break an agreement it made with previous backer Season Smart. In June, Evergrande Health announced that would it take over the financial commitment made by Season Smart last November that saved Faraday Future from running out of cash. Now Evergrande Health says Faraday Future Jia Yueting has started arbitration in Hong Kong in an attempt to renege on its agreement with Season Smart. […]

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