Faraday Future issues statement on YT Jia social media post

Faraday Future released the following statement regarding a recent social media post: “The Company is aware that a video relating to the Company has been released on a social media outlet in China by YT Jia, in his individual capacity and not in his capacity as an officer of the Company. The statements made in the video have not been approved by the Company and none of such statements should be attributed or attributable to the Company. Further, while the Company understands that the video indicates contemplation by Mr. Jia of the possibility of serving as co-Chief Executive Officer of the Company subject to appointment by the Company’s Board of Directors, and appreciates his offer of service, at this time the Company’s Board is not considering the appointment of Mr. Jia as co-CEO.”