FF Completes $3 Million Funding Round to Accelerate FX Strategy

Shanghai, China - Following a $3 million funding round completed in September, FF has secured another $3 million (approximately RMB 2.2 billion) in funding to accelerate its strategy for the FX brand.

The new funding will support the continued production of FF 91 2.0 and the development of other models under the FX line-up.

FF's global CEO Matthias Aydt outlined the benefits of the additional capital, stating, "This latest round of funding presents us with opportunities to further support the ongoing production of the FF 91 2.0, as well as drive the growth and expansion of our FX brand."

Previously, Evergrande Group Chairman Jia Yiting emphasized the company's belief that there is significant potential for growth in the electric vehicle market. He stressed that a $2,500 (approximately RMB 18.2 million) affordable EV must still have someone to execute it, emphasizing the need for sustainable and profitable products.

The mission of Fx (formerly known as Evergrande Electric Motor Co., Ltd.) is to create vehicle models with high value/price ratio, becoming one significant player in China's new energy era.

FF will unveil its latest major progress and future plans through FX - A strategic planning meeting which will be held from 5 to 7 Janurary in Las Vegas. Attendees will have the opportunity to experience the company's first prototype car.