Friday, April 19, 2024

Faraday Future may have received a $1.5 billion lifeline

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To say Faraday Future has had a rough time would be an understatement between its financial crisis, executive exodus and CEO troubles. However, things might be looking up for the electric car maker. A Business Insider source has claimed that an unnamed Hong Kong backer has promised a $1.5 billion investment, $550 million of which is already in the bank. That only goes so far with an automaker, but its reportedly enough to speed up development of the FF91 and get it on the marke……
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