Faraday Future files lawsuit against former executive for trade secrets infringement

Faraday Future Intelligent Electric

04/03/2024 22:57

March 4 (Reuters) - Electric-vehicle start-up Faraday
Future  FFIE.O  said on Monday it has filed a lawsuit against
former company executive Ding Lei for infringement of trade
secrets.
    The company filed the lawsuit in the Intermediate People's
Court of Shenzhen in China requesting monetary damages and asked
the court to order Human Horizons Holdings (Shanghai) Co Ltd, an
EV firm founded by Ding Lei, to cease infringing on trade
secrets relating to Faraday's flagship car, the FF 91.
    Faraday said last week it planned a one-for-three reverse
stock split to regain compliance with Nasdaq's listing
requirements.

 (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak
Dasgupta)
 ((Zaheer.Kachwala@thomsonreuters.com))