Tag Archives: Faraday

China electric car firm Faraday Future says obtains $225 mn in bridge financing

SHANGHAI: Chinese electric vehicledeveloper Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it was exploring strategic options, including debt and equity financing, amid a legal fight with Evergrande ... Read More »

Faraday Future strikes deal to make cars in China with mobile gaming company

Troubled electric car startup Faraday Future has received another surprise lifeline in the form of a new 50/50 joint venture partnership with Chinese online video game company The9, the EV company announced Sunday. The9 says it’s willing to contribute up to $600 million to the joint venture, and Faraday Future has promised to use that money to make a new ... Read More »