Tata Motors Denies Faraday Future Investment

Hot on the heels of reports from China claiming that Tata Motors had invested $900 million in Faraday Future for a 10 per cent stake in the electric startup, a Tata spokesperson has completely denied any investment.

DNA India reached out to Tata about the Faraday Future investment and were told, “The news is not true and hence we do not have any comment.”

It was initially reported that the investment would provide Tata Motors and Jaguar Land Rover with access to the advanced technologies created by Faraday Future, including connectivity systems it’s developed with Chinese backer LeEco.

The Tata investment would have come at a particularly tumultuous time for the electric startup promising to take on Tesla. Not only have a host of high-ranking executives left Faraday Future in recent weeks, but the company has tried and failed to attract any substantial investments.

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  • The justification for the investment is a little thin and I don’t associate Tata with poorly thought spending.

    I think between its brands it already has enough to get started towards a fossil free car. JLR has some good innovations and Tata has enough cash to fund the R&D required.

    But I could be wrong.

  • AstonMartin

    Good move if true for shared EV tech with JLR and a foothold in an all new EV brand. AM also partnered with LeEco for an EV Rapide.

  • fabri99

    Everyone writing/saying “hence” should never be trusted with anything.

    • Shane

      Hence why nobody trust your post.

      • fabri99

        Whomst’d’ve mistrusteth me? Thou shan’t.

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