Faraday Future Rumored to be under Negotiations with Swedish Manufacturer Saab Automobile

On Jan. 15, the magazine Chinese Entrepreneur disclosed on its official Weibo account that following the “peaceful break-up” with Evergrande at the end of last year, the latest financing party of Faraday Future (FF) has been confirmed. Swedish car manufacturer Saab Automobile is rumored to be under negotiation with FF and soon to become shareholders of the latter.

SEE ALSO: Faraday Future Settles Dispute with Main Investor Evergrande

While it is a coincidence that on the same day, Evergrande Health announced that its subsidiary company acquired 51 percent of the shares of the Swedish electric car company NEVS for $930 million and has won a majority of its board seats.

Saab Automobile is a global electric vehicle company founded in Sweden in 1945. In 2012, NEVS acquired the car company of 75 years of history. As a traditional high-end manufacturer born from military aircraft manufacturing companies, Saab is known for using aircraft manufacturing technology and its experience in automobile production.

However, according to tech media 36kr, FF has denied the news of making deals with Saab Automobile, though the company is indeed making every effort in financing.

The struggle between Evergrande and FF came to an end as the two companies reached a restructuring agreement on Dec. 31. After three months of trials between Evergrande and FF, the former has gained control of FF in China and FF gained its long-awaited financing rights in return.

Featured Image Source: Faraday Future