(Yicai Global) Feb. 14 -- Financially-floundering Faraday Future (FF) has stayed silent when confronted with rumors it has secured emergency transfusion funding, Chinese state media The Paper reported today.

The new inflow of USD1.5 billion has now been finalized, said an unnamed FF insider who did not reveal the investor's identity, but said it is a Hong Kong-based entity, U.S.-based Business Insider reported today. FF has to date received USD550 million of the USD1.5 billion committed, the source claimed. It got around USD300 million at the start of December and a further USD250 million early this month. Payment of the USD950 million balance will depend on unspecified project progress, per the report.

FF declined comment when Yicai Global asked about this issue. Several rumors swirled about FF's success in fundraising late last year, but many companies these implicated issued public denials, so outsiders remained in the dark as to whether FF had obtained new outside financing and the name of its deep-pocketed rescuer, if so.

FF held its first global supplier summit in its Gardena, California research and development base, which drew almost 200 participants from over 100 suppliers worldwide, and which aims to bring forward the successful delivery of the FF91, FF's first mass-produced car, by the end of 2018, FF said in a news release. Jia Yueting, the founder of FF and China's beleaguered Leshi Internet Information and Technology Co. attended the summit, per The Paper's report.