$1 Billion Potential Lifeline Rumored for Beleaguered Faraday Future

By Ray Prince Downcast electric car company Faraday Future (FF) is being reported to have secured $1 billion in investments in what could be a potential lifeline for its operations.
According to multiple Chinese outlets, including Shanghai Securities News and Yicai Global, Jia Yueting, founder, and CEO, delivered the news to employees in a Dec. 13 all-hands meeting. It is not yet known who led this latest round of funding, and it has not been confirmed by FF. A second report by Yueting mentioned his reinstatement as the company’s CEO after relinquishing control.
This latest report, counted as a rumor until greater confirmation, marks the

Read Full Article Here

For more great articles: HybridCars.com

(Visited 1 times, 1 visits today)



© 2014 RenewaNews