Faraday Future shares update, gives progress on robotics education line

Faraday Future (FFAI) Intelligent Electric shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF. “In last week’s report, I mentioned that this week we would release an additional special update focused on the latest progress of the EAI robotics education product line and the education system. But before that, let me first share some exciting news about FFAI today. Yesterday, FFAI shares closed up 85.55%, reached an intraday gain of as much as 107.26%, and generated more than $272 million in daily trading volume. This has added an especially celebratory vibe to today’s update… Let me now share several important milestones we have recently achieved in this area. 1. The receipt of a recent funding of $45 million from a mid-to-large U.S. institutional investor further validates confidence in our robotics strategy and gives us even greater conviction to accelerate its full-scale execution. 2. California State Treasurer Fiona Ma, El Segundo Mayor Chris Pimentel, where FF’s Silicon Beach headquarters is located, and leaders from the Lynwood Unified School District in Los Angeles jointly unveiled the California EAI Robotics Education and Innovation Lab… 3. FF has officially signed a strategic partnership agreement with Triple I, an education institution with a full-cycle education planning model, marking the official launch of our collaboration in EAI education”