EV SPAC Faraday Future ousts its CEO

Faraday Future, the troubled EV startup-turned-publicly-traded company has shuffled its executive ranks once again.
The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted Monday after the markets closed. Brietfeld, who was the former co-founder of failed EV startup Byton, took the leadership role at Faraday Future in September 2019.
The board said Monday it appointed Xuefeng Chen, a former and longtime Chery Jaguar Land Rover Automobile executive who most recently led the Faraday Future’s China-division, as its new CEO.  As Faraday’s new global CEO, Chen

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