Faraday Future Stock Surges 35% After EV Maker Secures $30 Million Financing

Tiger Newspress

2025/01/29

EV maker Faraday Future announced that it has received the full net proceeds from the $30 million previously committed financing announced in December 2024.

This latest capital infusion can support both ongoing FF 91 2.0 deliveries in 2025 and FF’s dual brand operational requirements, which will also help progress the FX project this year. The Company continues to establish its position within the luxury AIEV market through its FF brand, while concurrently establishing its FX brand’s presence in the mass AIEV market.

Faraday Future shares surged 34.8% in premarket trading.

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