（Cover image source: Faraday Future）
On March 26, Faraday Future announced that it had raised nearly $100 million in debt financing. Ares led this round of financing, while existing lenders such as Birch Lake also participated.
The new financing will be used to accelerate the implementation of Faraday Future’s product strategy and officially launch production preparations at the manufacturing plant in Hanford, California, bringing the delivery of the FF 91 into the countdown phase.
Recently, Chen Xuefeng joined Faraday Future as the CEO of the China Region, leading Faraday Future’s business in China under the support of various partners, thus accelerating its landing.
With the support of multiple funds and the acceleration of business development in China and the United States, Faraday Future’s initial public offering is imminent. It seems that Jia Yueting, the founder of Faraday Future, may indeed “return to China next week”.
🔗Source: Faraday Future
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.