Our reporter Jia Li

  Faraday Future (FF) is making waves again.

On April 12, Beijing time, Wang Jiawei, one of FF's core executives and vice president of the capital department, updated his personal LinkedIn page, showing that he had resigned from FF.

  After multiple verifications by the "Securities Daily" reporters, it was learned that Wang Jiawei had indeed resigned voluntarily.

  A person close to FF revealed that Wang Jiawei is good at capital operation and played an important role in FF's landing on Nasdaq.

Behind Wang Jiawei's departure is the escalating conflict between the FF board of directors and the management team led by Jia Yueting.

  It is understood that Wang Jiawei studied at the Central University of Finance and Economics and New York University in the United States. Before that, he started a business in the United States and participated in Wall Street investment and financing projects. He has rich experience in the capital market. He has served as an important executive in LeEco Holdings and FF founded by Jia Yueting.

Since the establishment of FF, Wang Jiawei has led every round of financing projects of FF, with a total financing of more than 2 billion US dollars.

Especially in July last year, Wang Jiawei once led the team to successfully push FF to the NASDAQ listing.

  It is worth mentioning that Wang Jiawei's voluntary resignation has long been traced.

Two months ago, FF announced the rectification report of a third-party independent internal investigation. In addition to almost completely denying the previous allegations of a company's short-selling report, it also punished founder Jia Yueting, CEO Bi Fukang, and the capital department for the flaws in the previous information disclosure. Several core executives including Vice President Wang Jiawei.

  A person familiar with the matter said that Wang Jiawei's resignation may have a greater impact on FF's internal and capital markets.

It can be clearly seen from FF's past several announcements that since its listing, the influence of the founding team of Chinese executives represented by Jia Yueting on FF has been severely weakened.

  According to multiple sources, some companies have already extended an olive branch to Wang Jiawei, and Wang Jiawei may also start his own business again.

The reporter contacted Wang Jiawei to verify the relevant information, but has not yet received a reply.

  As a core executive of FF, Wang Jiawei's resignation is undoubtedly a "blow" to the FF that is currently in poor condition.

Since an internal investigation was launched by a special committee of the FF board of directors in October last year, FF has been in the midst of negative public opinion due to the continued delay in the submission of financial reports.

According to several public announcements made by FF, May 6 this year will be the deadline for FF to submit its quarterly and annual financial reports. If it still cannot be submitted on time, it may face the risk of delisting.

  Jia Xinguang, chief analyst of China Automotive Industry Consulting Development Corporation, believes that the outside world is more concerned about the delivery plan of FF's first mass-produced car, the FF 91.

Based on the seven previously announced "milestones", FF has now completed the first four.

If mass production and delivery cannot be achieved as planned, it may bring greater risks or even existential crisis to FF.

(Securities Daily)