Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
© Faraday Future (illustration purpose only)
Electronics Production |

Faraday Future secures funding

Faraday Future has confirmed the USD 2 billion of equity funding upon approval of the Committee on Foreign Investment in the United States (CFIUS).

Evergrande Group, a Chinese real estate developer that invested in FF at the end of 2017, seems to be the company's largest shareholder now. Pursuant to the terms of the USD 2 billion investment, the details of share structure are 45% for Evergrande Health (Investor), 33% for the original shareholder, and 22% for the team at FF, a press release reads. The FF 91 is Faraday Future’s first production vehicle and flagship model. The US-based company presents it as a "bold new breed of electric mobility – a super car robot and a third internet living space". Jia Yueting – also known as YT – will officially take FF Global CEO role.

Ad
Ad
Load more news
© 2024 Evertiq AB October 30 2024 4:09 pm V23.2.0-2
Ad
Ad