Faraday Future Initiates Legal Action Against Illegal Short Selling

[Company Update] Faraday Future has formally initiated legal proceedings regarding alleged illegal short selling activities.

Key Development: FF Targets Hua Qixin and Associates, Pursuing Multiple Legal Actions

Faraday Future (FF) announced on March 13, 2026, that it has launched substantive legal action against Hua Qixin and his associates, who are suspected of engaging in illegal short selling by spreading false information and manipulating the market. The company strongly condemns these actions for causing significant harm to its stock price and shareholder interests.

Strategic Approach: Dual-track Legal and Regulatory Efforts Across Jurisdictions

FF has issued cease-and-desist letters to relevant platforms demanding preservation of evidence; simultaneously, it has retained the international law firm Paul Hastings LLP and is preparing to file a complaint with the U.S. Securities and Exchange Commission (SEC). FF does not rule out filing lawsuits in either the United States or China. Preliminary legal filings have already been completed, and evidence collection is ongoing.