Faraday Future (FFIE.US) announced that following the completion of $30 million in financing in September, it has recently completed a new round of $30 million financing, consisting of unsecured convertible notes and warrants to purchase newly issued common stock of the company. The first tranche of $7.5 million has been prepaid in the fourth quarter, with the remaining $22.5 million representing a new financing commitment, and the proceeds will be used to promote the development of the company and its FX strategy. FF Global CEO Matthias Aydt stated that the new funds will support the ongoing production of the FF 91 2.0 and the development of the FX brand.

The first batch of FX prototype vehicles is expected to arrive in Los Angeles by the end of this month and will then be sent to FF's Hanford factory in California for product development and testing. Additionally, Faraday Future plans to hold a press conference in Las Vegas in January next year to discuss the latest developments in the FX strategy and future plans, at which two FX prototypes will be showcased.