Faraday Future, the electric vehicle startup founded in the U.S. by embattled Chinese entrepreneur Jia Yueting, has published an open letter to Jia’s creditors begging them to unanimously approve Jia’s bankruptcy plan which he claims can help pay back his heavy debts.

“Only when Faraday Future achieves success can Yueting perform or even overfulfill his responsibility of paying back his debts,” the letter wrote, while inviting Jia’s creditors to be future shareholders of the company.

The letter attempts to build confidence in Faraday’s technical strength by mentioning the company’s nearly 1,500 patent applications over the past six years that it values at more than $1 billion combined.

Faraday put a positive spin on its first autonomous-ready, all-electric vehicle FF 91, claiming that it is “only a step away from the car’s mass production.” Meanwhile, the automaker also said that it is in talks with several partners for its new B2B operation, which is expected to bring in fresh capital to bankroll its operations.

The letter comes just days after Faraday said it had secured a $9.16 million loan from a U.S. government assistance program aimed at helping small businesses weather the ongoing coronavirus pandemic.

In March, the U.S. Bankruptcy Court for the Central District of California gave the green light to Jia’s Chapter 11 bankruptcy financial disclosures and denied a motion by Shanghai Lan Cai Asset Management to dismiss the bankruptcy case, meaning that Jia’s bankruptcy plan can enter the voting process with creditors. The Shanghai-based firm had asked to freeze Jia’s assets.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Exclusive: Ex-Tycoon Jia Yueting’s Creditors Demand He Remain Responsible for Debt