Evergrande Health subsidiary Season Smart has filed arbitration counterclaims to the fullest extent against Faraday Future CEO Jia Yueting and Smart King—a joint venture between Season Smart and Faraday Future. The arbitration counterclaims demand Jia and the joint venture to perform their contractual obligations.

“Jia Yueting and the joint venture forcefully evicted the cashier appointed by Season Smart and denied the Season Smart financial personnel of physical entry for conducting financial inspection, resulting in Season Smart not being able to understand the financial conditions of the joint venture,” Evergrande Health said in an announcement (in Chinese) on November 7.

Evergrande Health said Season Smart is entitled to conduct financial inspections and appoint a cashier to the joint venture under the shareholders’ agreement. A Season Smart-appointed director of the joint venture has commenced proceedings in the Grand Court of the Cayman Islands requesting the court to order the joint venture to produce financial information and related documents.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.