Faraday future FF91

We carried this report on this portal a few days ago and it seems to be incorrect that Tata Motors had bought 10 per cent of the troubled American electric car company Faraday Future. The claim to the deal originated from Chinese automotive news portal Gasgoo, which said that US-based Faraday Future is worth $9.0 billion and Tata Motors’ investment is worth US$900 million.

Meanwhile, Tata Motors has broken its silence on this deal and denied any investment in Faraday Future. “The news is not true and hence we do not have any comment,” a Tata Motors executive told local media. 

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