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Auto / Автопресса

Firm Faraday Future announced for the Shanghai concept FF V9

DRIVE.RU 05.04.2019 at 12:51

Chinese Internet company The9 Limited, has agreed with the firm Faraday Future on the establishment of a joint venture for the production, marketing and sales of electric vehicles in China. The terms of the transaction are simple: The9 invests in joint venture $600 million in three equal parts, and Faraday will provide an exclusive license to its designs plus the right to land for the factory in China. The planned production capacity of 300,000 cars a year. The first prototype should roll off the production line in 2020. Beginning of cooperation will be marked by the concept of V9, which will be revealed on 16 April in Shanghai.