The billionaire backer behind EV maker Faraday Future, Jia Yueting, is feeling the pinch, leaving the company to try and raise alternative cash. Faraday plans to raise $1 billion, reports Bloomberg, and is targetting sovereign wealth funds. The company built what it claims is the world’s fastest EV – the 1050 hp FF91. Faraday is ...
Read full article: Nippy EV needs $1bn
from Electronics Weekly https://www.electronicsweekly.com/news/business/nippy-ev-needs-1bn-2017-06/
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