FF gets bridge loan to get up and running again.
EV automakers' contractors are looking to be paid
CEO Jia Yeuting took to Twitter for the announcement.
"I am deeply sorry and blame myself for the negative impact of LeEco's debt crisis."
LeSee EV is one of many projects his companies have pursued.
Founder has money troubles but a "dream to revolutionize the auto industry."
It may not pose a threat to Tesla anytime soon.
With the company's lofty goals, it was only a matter of time before money became an issue.
LeEco shows off the LeSee EV, with autonomous driving and self-parking capabilities.
Chief battery architect Porter Harris leaves Faraday Future for a job with Lotus R&D, which focused on "novel technologies" on earth and in space.
Chinese tech billionaire Jia Yueting is trying to get a license to build electric cars in China, and he thinks that they could be a revolution there. Even if Jia doesn't make it, other companies are getting ready to jump into China's emerging EV marketplace.