EV maker Faraday Future announces entry into Middle East market

Asian Tech Press (Nov 24) -- California-based electric car startup Faraday Future (NASDAQ:FFIE) on Thursday announced its entry into the Middle East market by signing strategic partnership agreements with two UAE firms.

Faraday Future said in a statement that it signed strategic partnership agreements with investment firm Master Investment Group and financial institution Siraj Finance LLC, laying the groundwork for its operations in the Middle East from 2024.

The automaker plans to launch a limited edition, the FF 91 2.0 Futurist aiFalcon customized for the Middle East market, offering unique colors and wheel designs, with deliveries to take place during 2024.

And Faraday Future will showcase the FF 91 2.0 Futurist Alliance (North American model) at Abu Dhabi's Yas Marina Circuit from November 24 during the Abu Dhabi F1 Grand Prix week.

A few days ago, Faraday Future delivered the company's flagship EV model, the FF 91 2.0 Futurist Alliance, to Sean Lee, philanthropist and founder of Purist Group, at its Los Angeles headquarters.

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