Contact us
Company: Excellent Integrated System Limited
Contact person: Ella Cai
Address: RM 2501 JIEJIA BUILDING FUTIAN SHENZHEN 518031,CHINA
Email: sales009@eis-ic.com / sales009@eis-limited.com
Skype: sales009-EIS
Phone: 0086-755-23611101
Fax: 0086-755-61679009-109
Contact Now
Home > News > Company News > Nippy EV needs $1bn

Nippy EV needs $1bn

  • Author:Ella Cai
  • Release on:2017-06-02
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 building a car plant in Nevada but there are reports of unpaid contractors and affected construction plans.

Jia, who has put $300 million of his own money into Faraday, is not expected to be investing any more.

Faraday is currently looking for a CEO and says it will appoint one this month.