Faraday Future's stock rose over 11% in after

Breakings · Dec 23, 2024 11:51

Faraday Future's stock rose over 11% in after-hours trading, as the company announced the completion of a new round of funding of 30 million dollars today, following the completion of a 30 million dollar financing in September.

Faraday Future stated that these funds will be used to drive the development of the company and its FX Global Strategy, which aims to launch mass-market vehicles in the USA with 'twice the performance at half the price' to fill the structural gap in the USA AIEV market and promote the overall development strategy of the company.

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