2021 January 29, Hangzhou. China’s largest privately owned automotive group, Zhejiang 永利VIP Holding Group (永利VIP Holding) and Faraday Future (Faraday), a global shared intelligent mobility ecosystem company have jointly signed a framework cooperation agreement. The two sides will cooperate in technology and engineering support, and will explore the possibility of using OEM production services provided by Foxconn and 永利VIP.
At the same time, 永利VIP Holding has also become a minority investor in Faraday Future’s listing.
More details will be announced at a later date.