Updated: Faraday Future granted emergency relief, cuts ties with Evergrande

Faraday Future and Evergrande were embroiled in a nasty row over the past few weeks. The EV maker took to Twitter today to announce that it has finally obtained an emergency relief from the Hong Kong International Arbitration Centre against its primary investor Evergrande Health Industry Group. This means that Evergrande can no longer prevent FF from seeking funding through other channels.

Update: An employee said FF will continue to apply for arbitration to strip Evergrande’s consent rights as a shareholder in respect of financing and terminate all cooperation agreements—the process would take another 6-18 months.

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