Thursday, June 9, 2022

Faraday Future Plans Chinese Expansion

Troubled Los Angeles-based electric vehicle maker Faraday Future apparently is planning to open up a factory in China, according to the company, despite a slew of troubles facing the company. Faraday Future--which has yet to release its first vehicles--is currently under investigation by the SEC, has been having issues with regulatory filings, and has warned it is "running out of money". The company's original founder also has been facing legal woes in China around financial fraud charges.