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NEWS
Faraday Future Establishes Local Sourcing Initiative in Ras Al-Khaimah, UAE
Faraday Future (NASDAQ: FFIE) announced a local sourcing initiative in Ras Al-Khaimah, UAE for manufacturing equipment. The company identified a potential turnkey supplier that could provide approximately 80% of essential factory equipment. FF is also exploring collaboration with a specialized custom equipment fabricator within RAKEZ for tools like body carts and assembly aids. The initiative follows a co-investment agreement with Master Investment Group for developing FF's future headquarters, with construction planned to begin in early 2025 and occupancy targeted for late 2025 or early 2026.
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