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Faraday Future secures funding to pay suppliers

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Faraday Future has secured bridge financing worth up to US$225 million ($315 million) from Birch Lake Associates, a boutique merchant bank based in Chicago. With the new source of funding secured, Faraday Future plans to continue development of the FF 91 electric car, which had stalled due to money issues stemming from a disagreement between the company's two major shareholders.

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