Faraday Future

Evergrande Group will establish the EV brand Hengchi whose first model is due in 2020.

Byton co-founder Carsten Breitfeld is currently CEO of rival EV startup Faraday Future.

EV startup Faraday Future is undergoing a restructure that has seen it name a new CEO and potentially formed new partnerships.

The soap opera that is Faraday Future's road to production took a new twist on Monday with the EV startup announcing a bridge loan that will keep funds flowing as the company attempts to raise capital to get the FF91 crossover into production and develop additional models. There's a potential $225...

Faraday Future plans to form a joint venture with Chinese video game company The9 to build hundreds of thousands of EVs in China.

Faraday Future has sold its headquarters in Gardena, California, and is leasing it back for now. Real estate company Atlas Capital purchased the site on March 8 and is leasing it back to the electric car startup, which originally bought it in 2014 for $13.2 million, The Verge reported on Wednesday...

Faraday Future only a few short years ago planned to spend $1 billion to build a sprawling high-tech facility north of Las Vegas to churn out its electric cars. However a cash crunch in late 2016 meant the Chinese-backed, Californian EV startup had to scale back its plans, including abandoning the...

China's Evergrande Group, a key investor in U.S.-based Faraday Future, announced Tuesday it has acquired a controlling stake in NEVS, the Chinese-backed, Swedish company born out of the ashes of Saab. In a statement, Evergrande said it acquired 51 percent of NEVS in a quest to diversify into the...

Faraday Future has managed to stave off what seemed like imminent death by ending a dispute with key investor Evergrande Health Industry Group, the same company Faraday Future accused last October of trying to gain its intellectual property. The two firms said Monday that they have agreed to...

Drama continues to unfold between electric car startup Faraday Future and its key investor, Chinese conglomerate Evergrande Health Industry Group Ltd. A Wednesday report from The Verge uncovered that Faraday Future employees have now sued the investor. Employees filed the lawsuit in Los Angeles...

Faraday Future is currently in the midst of serious financial and executive turmoil. Top leadership is jumping ship as previously secured funding is not quite as secure as previously believed. Now, company co-founder and senior vice president of product R&D and engineering Nick Sampson has...

Faraday Future has once again shifted to a poorer outlook as the electric car startup prepares to lay off employees and cut employee salaries. The latest measures in frugality come as Faraday Future feuds with its main investor over new installments of funds. The Verge reported on the forthcoming...

Electric car startup Faraday Future is currently embroiled in a dispute with key investor Evergrande Health Industry Group, a subsidiary of property developer China Evergrande Group. Evergrande agreed in June to purchase a 45-percent stake in Faraday Future from a company by the name of Season...

Electric car startup Faraday Future appears to be back on track with development of its first model, the FF91, following a rough couple of years resulting from cash shortages and a senior executive exodus. The Chinese-backed, U.S-based company reached a major milestone Tuesday with the completion...

Electric car startup Faraday Future appears to be back on track with development of its first model, the FF91, following a rough couple of years resulting from cash shortages and a senior executive exodus. The company on Monday announced it has completed the first body-in-white for the FF91 at its...

A band of executives that up until last year were working for Faraday Future have joined forces to launch an electric car startup of their own. Their new company, called Evelozcity, is based in Los Angeles and already has seed funding of approximately $1 billion from investors in the United States...

Faraday Future on Wednesday gave a preview of a model to follow the FF91, which the company remains hopeful of getting into production by the end of 2018. The preview came in the form of a design sketch shown briefly to attendees at a supplier meeting. The electric car startup held the meeting with...

Faraday Future's vision hasn't exactly panned out as once imagined, and serious financial problems have ensued. However, a Hong Kong-based entity has thrown the struggling electric-car maker a $1.5 billion lifeline to keep the lights on. Business Insider reported on Tuesday that the unnamed entity...

Despite being ordered to return to China by the country’s securities regulator, not to mention having his assets seized by the court system, embattled Chinese businessman Jia Yueting says he’s staying put in the United States in order to secure funding for electric car startup Faraday...

Faraday Future’s main backer, Jia Yueting, has been ordered to return to China to meet financial obligations promised to investors of his LeEco electronics and video streaming business. The order was issued on Monday by the China Securities Regulatory Commission which has been pushing for...