Financial Condition Questioned As Jia Yueting-Backed Faraday Future Late On Payments

LeEco founder and chief executive Jia Yueting must had a tough two weeks.

Last week, LeEco could not show its anticipated electric smart car for its U.S. debut because the truck carrying "the car of the future" got into an accident while driving to the press conference.

It was revealed this week that a construction firm working on a Nevada factory for Faraday Future, a smart car start-up backed by Jia Yueting, is threatening to stop working on the factory if unpaid bills are not made soon.

The news raise questions about Faraday’s financial condition, as well as the sustainability of LeEco's ultra-ambitious plans to disrupt industries from automotive to virtual reality.

An executive at AECOM, a construction company overseeing US$500 million of work on the roughly US$1 billion factory with three million square foot surface a...

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