（Cover image source: Tencent）
On January 27, according to exclusive news from Sina Technology, Faraday Future (FF) received a CNY 2 billion investment from Zhuhai State-owned Assets in the latest round of financing. Zhuhai has been stepping up the preparation work for the construction of the production base after the investment.
Subsequently, Southern Plus reported that Gree Group and Huafa Group participated in the investment, but the amount invested is less than CNY 2 billion.
（Image source: Tencent）
At midday today, Huafa Shares rose by the daily limit. According to China Securities Journal, Huafa Shares Securities Department said that this matter is a project participated by the group company and is considered as a “secret project.” The group company has not communicated with the company, and the company has no way to confirm it or have more information.
On January 25, Reuters reported that Geely Group is negotiating contract manufacturing services with FF, and will assist in vehicle engineering design and develop cooperation on intelligent vehicle technologies such as autonomous driving. KrASIA also reported that Geely Auto plans to invest USD 30 million to USD 40 million in FF.
🔗Information source: Sina Technology, Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.