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Faraday Future is ringing in 2019 with some much-needed good news. The beleaguered electric car maker that turned heads at the 2017 Consumer Electronics Show announced that it had reached an agreement with investor Evergrande Health to let bygones be bygones, effectively ending a legal battle between the two sides stemming from Faraday’s accusations that Evergrande was withholding payments to the electric car maker in an attempt to gain control of their intellectual property. The agreement, which Faraday posted on its Twitter account, will “terminate the previous investment contract, withdraw and waive all litigation and arbitration proceedings, and release all security including the asset preservation pledge and equity financing rights.” As it is, Faraday Future is now free to pursue new financing as it desperately tries to remain afloat in the industry.

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