Faraday Future Secures $30 Million Financing to Strengthen the Company’s Core Business and Continued Ramp-Up of the Faraday X (FX) Strategy
Faraday Future Intelligent Electric Inc. - Class A (FFIE)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company’s growth and the development of Faraday X (FX), FF’s strategy of launching affordable high performance AIEV equipped vehicles with cutting edge technology, filling the U.S. market gap in this segment, and for general corporate purposes.Targeting the mainstream EV market in the U.S., FF is expected to have its first two FX prototype mules arrive in Los Angeles later this month, with product development and testing scheduled to begin at FF’s manufacturing facility in Hanford, CA. As part of their delivery journey, the two prototype mules will stop in Las Vegas from January 5 to 7, 2025, where the Company will provide update
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News
- Faraday Future Intelligent Electric gets $30 million financing [Seeking Alpha]Seeking Alpha
- Faraday Future to Give FX Business Update and Show First FX Prototype Mules in Las Vegas, NV from January 5-7Business Wire
- Faraday Future Releases New In-Car Software Updates for the FF 91 2.0 Futurist Alliance [Yahoo! Finance]Yahoo! Finance
- Faraday Future Releases New In-Car Software Updates for the FF 91 2.0 Futurist AllianceBusiness Wire
- Faraday Future Announces Fashion Model and Designer Suede Brooks Takes Delivery of Her New FF 91 2.0 Futurist AllianceBusiness Wire
FFIE
Sec Filings
- 12/23/24 - Form 8-K
- 12/19/24 - Form 8-K
- 12/5/24 - Form 4
- FFIE's page on the SEC website