The9, a Shanghai-based online game operator, and Faraday & Future, an American start-up technology company, formed a joint venture to manufacture, market, distribute and sell electric cars in China. Under the terms of the JVA, The9 will make capital contribution of up to $600m in three equal installments to the JV, and FF will make contributions including its use right in a piece of land in China for electric cars manufacturing and will grant the JV an exclusive license to manufacture, market, distribute and sell Faraday Future's new brand V9 model and other potential car models in China.