Faraday Future Founder Shares Investor Update

FF Signs Stock Purchase Agreement with Geely Automotive

Feb. 1, 2026 at 10:31pm

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Faraday Future founder and co-CEO YT Jia has released a weekly investor update, announcing that the electric vehicle startup has signed a stock purchase agreement with Chinese automaker Geely Automotive. The deal is part of Faraday Future's efforts to secure additional funding and strategic partnerships as it works to bring its first production vehicle to market.

Why it matters

Faraday Future has faced financial challenges in recent years, making this deal with Geely an important step in the company's efforts to stabilize its operations and continue development of its electric vehicle technology. The partnership with Geely, one of China's largest automakers, could provide Faraday Future with much-needed capital and manufacturing expertise.

The details

Under the terms of the agreement, Geely Automotive will purchase a stake in Faraday Future. The specific financial details of the deal were not disclosed. Faraday Future plans to use the funds from the Geely investment to support the launch of its first production vehicle, the FF 91, which the company has been developing for several years.

  • Faraday Future founder YT Jia released the weekly investor update on February 1, 2026.

The players

YT Jia

The founder and co-CEO of Faraday Future, an electric vehicle startup based in Los Angeles.

Geely Automotive

A Chinese automaker that has agreed to purchase a stake in Faraday Future as part of a new stock purchase agreement.

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What they’re saying

“This strategic partnership with Geely Automotive is an important milestone for Faraday Future as we work to bring our first production vehicle to market and secure our long-term future.”

— YT Jia, Founder and Co-CEO, Faraday Future (Business Wire)

What’s next

Faraday Future and Geely Automotive are expected to finalize the details of the stock purchase agreement in the coming weeks.

The takeaway

This deal with Geely Automotive represents a crucial lifeline for Faraday Future, providing the struggling electric vehicle startup with much-needed capital and strategic support from a major global automaker as it works to bring its first production model to market.