Faraday Future Sues Former Executive Over Alleged Trade Secret Infringement

What’s new: Faraday Future Intelligent Electric Inc., the cash-strapped California-based electric vehicle (EV) startup founded by disgraced Chinese tech tycoon Jia Yueting, said that it is suing former executive, Ding Lei, for alleged infringement of trade secrets.

The legal action, filed in the Intermediate People’s Court of Shenzhen, seeks monetary damages and demands that Human Horizons Holdings (Shanghai) Co. Ltd., an EV firm founded by Ding, cease infringing on Faraday’s trade secrets related to its sole model, the FF 91 SUV, according to a company statement on Monday.