Faraday Future said Wednesday during an investor presentation that it plans to open a factory in China as early as 2025, even as it faces a shortage of capital and an SEC investigation.
The electric vehicle maker said it is scouting locations for a site to build its future vehicles and serve as a local headquarters for the Chinese market, according to an SEC filing Wednesday. While Faraday previously mentioned plans to expand into China, this is the first time the company has provided a few crumbs of detail.
Faraday’s announcement comes as the country flourishes as a key market for EV manufacturers, but at a precarious ti …
