Jia Yueting: More than 2 billion dollars of debt remaining, returning to the country is in sight.

Former LeEco and Faraday Future founder Jia Yueting recently appeared via video at the China Enterprise Leaders Annual Conference held in Peking, responding to concerns about his "return to China". He revealed that he guaranteed over 10 billion USD in debts for LeEco and currently owes around 2 billion USD. According to his agreement with creditors, as long as he pays off 40% of it, which is about 0.7 or 0.8 billion USD, in a Chinese court to complete the debt repayment, he can return to China. Jia also disclosed that he had faced global debt collection efforts from creditors, underwent in-depth investigations by US courts, and even every pair of socks at home was counted.

AASTOCKSDec 16 09:18

The Hottest Auto Stock Over the Last Six Weeks Is Not Tesla

Seeking Alpha04:34

Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.

According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.

wallstreetcnDec 16 21:38

Trump Transition Team Proposes EV Policy Rollback

InvestingDec 16 19:34

Express News | The Trump transition team plans to completely revoke Biden's electric Autos and emissions policies.

BreakingsDec 16 19:02

Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern

Business TodayDec 15 17:43