(Yicai Global) March 4 -- Faraday Future, a troubled electric automaker that is yet to commercialize its first car, has penned an agreement to supply power assembly systems for vehicles made by US Hybrid.
The deal, signed yesterday, is focused primarily on medium-sized and heavy-duty shuttle buses and drayage trucks, the Securities Times reported. The pair hope the assembly systems will reduce the weight of the vehicles and make them more economical.
The move will support California's goal to run zero-emissions commercial vehicles, the report added, saying the companies will work together to create innovative solutions by transforming FF's technologies for use in trucks and buses.
US Hybrid is a specialist in designing and manufacturing power conversion systems for electric, hybrid and fuel cell-powered commercial passenger vehicles and trucks, and is working with Chinese carmaker BYD to develop hydrogen-powered passenger cars.
Editor: James Boynton