$Faraday Future Intelligent Electric Inc.(FFIE)$
The electric-vehicle maker said it was in talks with investors in the United States and globally for a "significant additional near-term funding" as it looks to start deliveries in the third or fourth quarter.
Separately, Faraday Future said its head of global supply chain, Mathias Hofmann, will temporarily oversee manufacturing operations at its Hanford, California factory, replacing Vice President of Manufacturing Matt Tall, who will leave the company.
The EV firm had in July signaled the need for more cash to launch FF 91 model in a regulatory filing just a month after CEO Breitfeld told Reuters that it would be able to launch the car without additional funding.
Faraday Future is one of the many EV startups that went public through blank-check mergers, a market that has slowed this year due regulatory scrutiny and the poor share performance of companies listed via that route.
The company also said some suppliers had more recently requested accelerated payments and other terms and conditions due in part to its financial condition.
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