Faraday Future, a California-based electric-vehicle startup founded by fugitive Chinese tech entrepreneur Jia Yueting, is seeking to go public on the Nasdaq stock exchange and raise around $1 billion by merging with a special purpose acquisition corporation (SPAC).
Caixin
EV startup Faraday Future seeks $1bn in backdoor Nasdaq listing
Merger with a SPAC would allow production to start, California company says
Faraday Future is in negotiations with Geely as a contract manufacturer to start mass producing its first model, the FF91, as quickly as possible.
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