Faraday Future strikes deal to make cars in China with mobile gaming company
Troubled electric car startup Faraday Future has received another surprise lifeline in the form of a new 50/50 joint venture partnership with Chinese online video game company The9, the EV company announced Sunday. The9 says it’s willing to contribute up to $600 million to the joint venture, and Faraday Future has promised to use that money to make a new car in China (and for the Chinese market) called the V9.
The new car will be based on the FF91, the ultra-luxury electric SUV that Faraday Future debuted at CES 2017, and the one that it’s spent the last few years struggling to get into production. The9 and Faraday Future claim they will be able to make 300,000 cars per year, though they have not shared where they would be built.