California-based electric car startup Faraday Future might have a strange new ally in its roiling fight with main investor Evergrande: the Trump administration. The Office of the United States Trade Representative (USTR) issued an update on Wednesday to its “Section 301” investigation into China’s alleged practices of intellectual property theft and technology transfer, and Faraday Future was listed among the many examples cited in the refreshed report.
The USTR says in the report that Evergrande’s $2 billion pledge to Faraday Future is an “illustrative example” of how the Chinese government “directs and unfairly facilitates the systematic investment in, and acquisition of, US companies and assets by Chinese companies to obtain...
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