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Faraday Future's EV dreams live on with (another) bailout

Faraday Future's EV dreams live on with (another) bailout

Now that Faraday Future has parted ways with its last partner, Chinese real estate firm Evergrande , money seems to be flowing in again. After getting a $600 million injection from mobile gaming company The9 Limited, Faraday announced that it has scored another $225 million in bridge financing via a funding round led by Birch Lake Associates. The cash will be used to bring the company flagship FF91 EV to market and reassure jittery suppliers that the company is still on sound footing.