Faraday Future jumped over 7% in early trading

Tiger Newspress2021-09-21

(Sept 21) Faraday Future jumped over 7% in early trading. Faraday Future points to substantial progress with Geely tech partnership. Other EV stocks are up too.

Faraday Future Intelligent Electric announced a few  business initiatives of notes at its its annual 919 Futurist Day held yesterday jointly at its headquarters in Los Angeles, California and in China

Faraday Future Global CEO Dr. Carsten Breitfeld shared significant progress made by the company in the areas of product capability enhancement, product testing, supply chain, manufacturing, sales, business development, and top talent recruitment. Details on the US-China dual home market strategy were also laid out.

Perhaps the biggest takeaway is the "substantial progress" noted in the strategic cooperation between Faraday Future  and Geely Holdings, which was an anchor investor in the recently completed SPAC business combination.

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