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A lot of automakers have been on the brink of bankruptcy. Some recover, some don’t. The most recent ones are Nio, Fisker, and Faraday Future. Nio launched a few vehicles, including the ET7 which was launched a few weeks back and has received raving feedbacks. Fisker launched the Ocean SUV last year and it looks like a winner already. But, Faraday Future hasn’t been able to turn around its fortunes.
The Faraday Future’s story has all the elements that could make for a nice movie. The latest chapter says that the company is planning to reach out to the public to pool in the money. How, you ask? Three alphabets – IPO.
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