EVELOZCITY

We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company.

The startup now claims to have raised ~$1 billion to bring its electric vehicles to market.
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Over the past few months, things appeared to be out of control at the high-profile electric car startup Faraday Future. The new leadership brought in by billionaire founder Jia Yueting, including Stefan Krause, former BMW and Deutsche Bank CFO, and BMW’s head of EVs, Ulrich Kranz, along with several other high-profile employees, left in masses.

Now, sources have told Electrek that those same Faraday Future expats are launching their own electric car startup.
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