Zhuhai Pulls Out from Investment in Faraday Future

7月23日

BEIJING, July 22 (TMTPOST) — A cornerstone investor who planned to invest US$175 million in EV startup Faraday Future has decided to pull off from the investment, a document submitted by the company to the U.S. Securities Regulatory Commission on July 15th shows. The investor was believed to be a first-tier city in China, which has been confirmed to be Zhuhai city in Guangdong province by several sources. 

The State-owned Assets Supervision and Administration Commission of Zhuhai (SASAC) coordinated with Gree Group and Huafa Group to invest in the debt-ridden Faraday Future, according to Caixin’s report. However, SASAC only talked to Faraday Future and did not have substantial actions, a source close to SASAC said. 

Faraday Future, an American EV startup established by controversial Chinese entrepreneur Jia Yueting, will soon go public on NASDAQ. It is said that Evergrande will hold a 20% stake in the company.

According to Jia, Faraday Future is planning to start delivering its FF91 model in around one year. Jia is currently in New York in preparation for the company’s public listing.

Oh! no

您是否确认要删除该条评论吗?

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。