The delay of the FF91 comes amid a standoff between the EV startup and its founder, Jia Yueting. In late June, a shareholder group affiliated with him demanded the removal of a director from the startup’s board.
Faraday pushed back, saying the group had offered the director a contract worth up to $700,000 in order for him to resign.
On July 15, those shareholders said in a filing that they had offered Faraday a lifeline of “at least $100 million” on the condition that the director resign.
Several days later, the group accused the startup of not treating the offer “with the gravity, urgency and fairness it deserves in light of” its financial condition.