Faraday Future's founder Jia Yueting (L) (Photo/VCG)

Dec. 31 (NBD) -- Faraday Future (FF) is looking for partners in China to promote the volume production of its flagship model FF 91, the company's CEO Carsten Breitfeld said in a media interview in Beijing on Monday. 

The electric vehicle startup expresses intense interests in creating joint ventures with Chinese carmakers with idle production capacity, which in the eyes of Breitfeld would be a win-win result. According to the previously announced development plan, FF aims to build around 10,000 cars a year in the initial stage and expand the production to 100,000 cars annually if needed. 

Breitfeld also disclosed that FF's founder Jia Yueting is actively working on the personal bankruptcy and restructuring matters, which sends a positive signal and would be conducive to the EV company's financing. Once the debt restructuring was completed, Jia could return to China to handle the marketing and other matters of FF. 

Currently, FF is holding talks with potential investors from the U.S., China and other regions, and they all have a positive attitude, Breitfeld revealed. Without sharing more details, he said the company aims to hear great news by the end of the first quarter of 2020, adding that as long as the investment is put in place, FF will press ahead with the volume production efforts. 

Furthermore, Breitfeld revealed FF's IPO is in process and would probably be launched in 2021.  

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