Published: July 27th, 2021,
Last updated: June 1st, 2022
The electric vehicle start-up Faraday Future, which has been pronounced dead time and again, continues to prove its resilience. According to media reports, through the listing of the Chinese-American company at the US technology exchange NASDAQ at the end of last week, around $1 billion in additional capital have been acquired. Previously, Faraday had merged Property Solutions Acquisitions – a process not uncommon in the USA for the sole purpose of creating an investment vehicle. Their freshly earned capital should now help to finally launch the company’s first model, a luxury electric SUV called FF91, CEO Carsten Breitfeld told news agency Reuters.