According to the source, the Faraday Future held by Jia Yueting was invested by Evergrande Group. The informant further said that the news was confirmed by Xu Jiayin, chairman of Evergrande Group, who also set up a special auto team. However, the source did not reveal whether the future investment in Faraday is Xu Jiayin's personal behavior or Evergrande's decision. Evergrande's public relations department responded: "Not very clear."

Jia Yueting obtained the investment from Xu Jiayin, which also explains why Faraday's future affiliated company Ruichi Intelligent Automobile can invest 360 million yuan to buy the industrial land located in Nansha District, Guangzhou. It is reported that after the purchase of the 601 mu area, Ruichi Smart will set up a project company here to build a complete vehicle production base and import and export base for pure electric vehicles, carry out technology research and development of new energy vehicles and parts, product development, technology development, automobile parts manufacturing, automobile and parts sales and other businesses.

It should be noted that after the news of Ruichi Smart's land purchase and factory construction spread, LeEco announced that there was no legal relationship between LeEco's holding system and Ruichi Smart Auto, and it operated completely independently.

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