Faraday Future Pins Growth on Asia, Names Ex-Jaguar Executive Its China CEO

Breanna De Vera

Breanna de Vera is dot.LA's editorial intern. She is currently a senior at the University of Southern California, studying journalism and English literature. She previously reported for the campus publications The Daily Trojan and Annenberg Media.

Faraday Future Pins Growth on Asia, Names Ex-Jaguar Executive Its China CEO

Faraday Future named former Jaguar Land Rover executive Xuefeng "Chris" Chen as the chief executive of its China division as the company prepares to enter the world's largest electric vehicle market and develop its binational market strategy.

With a new Chinese investor, Faraday is focused on developing its market in China, which is over triple the size of the U.S. market, according to a 2019 report by the International Energy Agency.


"Chris is a critical hire to the realization of FF's US-China dual home strategy," said Global Faraday Future CEO Carsten Breitfeld in a statement announcing the appointment. "I am confident that his comprehensive management acumen and operational experience in luxury car brands will accelerate the implementation of FF's business in China and will be beneficial to FF's global strategic development."

Prior to joining Faraday, Chen served as the executive vice president of Chery Jaguar Land Rover Automotive. He had been promoted from executive vice president of manufacturing, becoming the youngest executive running China-side business in an automotive joint venture.

The Los Angeles startup is expected to go public by midyear in a deal that values it at $3.4 billion. Its anchor investor is Hangzhou, China-based Geely Holding Group, an automotive manufacturing company that has plans to spend almost $5 billion to build an electric battery plant in China, Reuters reported earlier this week.

Faraday will use Geely's manufacturing services and technology and engineering support to develop its base in China.

Faraday is also preparing to roll out its flagship product one year after going public. The FF 91 is an all-electric, autonomous ready luxury vehicle that boasts more than 300 miles per charge and a 1050 horsepower.

It's expected to go into production later this year.

Subscribe to our newsletter to catch every headline.

Cadence

10 Viral TikTok Tech Gadgets To Buy This Holiday Season

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

10 Viral TikTok Tech Gadgets To Buy This Holiday Season

Part of TikTok’s evolution over the years includes becoming another outlet for consumers to purchase popular gadgets. The app generated $821 million in global consumer spending across the App Store and Google Play in the first quarter of 2022 alone.

And since the holiday season is among us, it’s time to get some gifts checked off your list. So here’s 10 tech gadgets that went viral on TikTok that you can buy for your loved ones.

Read moreShow less

LA Tech ‘Moves’: Disney Taps Bob Iger for CEO, Former Meta Exec Joins DeSo

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Disney Taps Bob Iger for CEO, Former Meta Exec Joins DeSo
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

Read moreShow less

This Week in ‘Raises’: Swell Energy Lands $120M, Modyfi Draws in $8M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Swell Energy Lands $120M, Modyfi Draws in $8M
This Week in ‘Raises’:

As funding in Los Angeles continues to slow down, Swell Energy still managed to raise fresh funding to accelerate the company's mission to deploy 26,000 energy storage systems in homes and businesses across the United States.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending