Chinese EV startup Faraday gets nod to raise up to $500m post arbitration

Chinese EV startup Faraday gets nod to raise up to $500m post arbitration

A Faraday Future FF 91 electric car is displayed on stage during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. REUTERS/Steve Marcus

Chinese electric vehicle firm Faraday Future can seek financing from sources other than Evergrande Health, according to an interim ruling by a Hong Kong arbitration court in a dispute between the startup and its main investor.

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