Shares of Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) are trading higher Tuesday after the company announced a major pre-order agreement with Nature's Miracle Holding Inc.
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The company has recently launched a major AI update for its FF 91 and secured a new facility in the UAE to support its Middle East operations and future Faraday X models.
FFAI (NASDAQ: FFAI) shares up premarket on new B2B deposit agreement with New PBB Auto for 600 FX Super One MPV units. Localized production & AIHER version planned.
The facility, which will support the Faraday Future brand and potential Faraday X models, will also serve as a center for operations across the Gulf Cooperation Council countries and employ up to 200 people.
Faraday Future's (NASDAQ: FFAI) shares rise on new pre-order agreement for 300 units with non-refundable deposit. 1,000 units also pre-ordered last week.
Faraday Future has seen its stock climb 50% over the past week. The California-based electric vehicle maker recently appointed founder YT Jia as Co-CEO.
Faraday Future shares are trading higher by 24.76% during Monday's session. The company on Sunday said it received support from California political leaders.
