HONG KONG, Jan 30 (SCMP): Leading Chinese carmaker Geely and a clutch of state-owned companies from Zhuhai have joined hands to bail out embattled electric vehicle maker Faraday Future (FF), founded by failed Chinese tycoon Jia Yueting.
Some 30 institutional investors from China, US and Europe and a trust are investing US$1 billion in the carmaker, following which FF will be valued at about US$3.4 billion and become a public company.
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