Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
Faraday Future's first production model, FF91
 
Ailing Faraday Future, short on cash, explores strategic options
Reuters | 2018/11/6

Faraday Future is exploring strategic options, including debt and equity financing, just days after the Chinese electric vehicle developer's co-founder Nick Sampson stepped down.

The company said it "can now welcome potential investors from around the world."

The move comes as the cash-strapped company, which has ambitions to overtake Tesla, is embroiled in a bitter legal fight with its main investor, China's Evergrande Health Industry Group, after a planned $2 billion investment went sour.

Faraday Future received relief last month to seek financing from sources other than Evergrande Health, according to an interim ruling by a Hong Kong arbitration court.

Faraday Future has retained Stifel, Nicolaus & Co as its financial adviser.

Related Stories
  • Carmakers must report 2019 fuel economy, carbon credit estimates
  •     --Published:2018/7/12
     
  • Nio on track to deliver 10,000 vehicles in 2018
  •     --Published:2018/7/12
     
  • Chinese brands seek to crack Western Europe with EVs
  •     --Published:2018/7/12
     
  • Byton bullish about 2019 electric SUV production
  •     --Published:2018/7/12
     
  • GAC: Electrified vehicles to make up 10% of 2020 sales
  •     --Published:2018/27/11
     
  • MG to sell first electric car in Europe
  •     --Published:2018/27/11
     
  • Why foreign automakers in China feel no pressure to develop EVs
  •     --Published:2018/23/11
     
  • U.S. chipmaker Nvidia to provide AI platform for Chinese EV startups
  •     --Published:2018/23/11
     
  • Will electric trucks help China achieve its EV ambitions?
  •     --Published:2018/20/11
     
  • Beijing launches crackdown on low-speed EV production
  •     --Published:2018/13/11
     
  • Hong Kong EV startup Thunder Power to build EVs in Belgium
  •     --Published:2018/9/11
     
  • Big automakers set to sell same car to game Beijing rules
  •     --Published:2018/6/11
     
  • Faraday Future co-founder Nick Sampson steps down
  •     --Published:2018/2/11
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291