FaFa Auto increased its capital to 475 million.

Tianyancha's business information shows that recently, Faraday Future Automotive Company Limited has undergone a business change, with its registered capital increasing from 459 million RMB to 475 million RMB. The company was established in March 2017, with Wang Zhigang as the legal representative. Its business scope includes automobile sales, sales of new energy vehicles, manufacturing of automobile parts and accessories, wholesale and retail of automobile parts, sales of mechanical equipment, trade brokerage, and energy storage technology services. Shareholder information shows that the company is jointly owned by LeTV Automotive Technology Co., Ltd. and FF Hong Kong Holding Limited.