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© Faraday Future (illustration purpose only) Electronics Production | June 25, 2018

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.
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October 11 2019 3:09 pm V14.5.0-1