On July 23rd, Geely announced that Faraday Future (FFIE.US) fell by more than 4.8% to $0.377. In terms of news, at the first shareholder community day held at FF headquarters, Jia Yueting announced the FF second brand model, the "AI Future Vehicle" and "AI People's Vehicle", which plans to create an AI luxury and extreme value for money. He further explained that FF plans to empower this new model with the five major tower energy of its products and release it on a large scale. Jia Yueting also mentioned that with the core technology of FF 91, priced at 0.3 million US dollars, this emerging brand will be able to tap into the huge AI EV market in the USA and achieve deep exploration of the blue sea market.
美股异动｜法拉第未来跌超4.8% 贾跃亭宣布FF第二品牌车型
US stocks shock | Faraday Future drops more than 4.8%, Jia Yueting announces FF's second brand model
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