US Stock Market Move | The company has completed a new round of $30 million in financing. Faraday Future Intelligent Electric, Inc. (FFIE.US) is up 6% in pre-market trading.
27/12/2024
GMT Eight
On Friday, Faraday Future Intelligent Electric, Inc. (FFIE.US) rose 6% in premarket trading to $1.40. In terms of news, Faraday Future Intelligent Electric, Inc. recently announced that, following the completion of a $30 million financing in September, they have completed another round of $30 million financing. FF stated that this funding will be used to drive the development of the company and its FX strategy. The FX strategy aims to launch a mass-market vehicle in the US market with "twice the performance at half the price" in order to fill a structural gap in the US AIEV market and drive the company's overall development strategy.