Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher Friday. The company announced it has begun the second phase of FF 91 delivery with a delivery to one of the company's retail investors.
What To Know:
Faraday Future's chief product officer, YT Jia, released video clips on YouTube announcing the restart of deliveries with the company's first delivery of a FF 91 to a retail investor. Jia said that the resumption of deliveries could be a "turning point" for the company.
The video laid out three goals for the company including securing strategic investment, increasing production capacity and implementing its U.S.-China Bridge strategy for the auto industry.
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