Faraday Future
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Faraday Future has only managed to rack up 401 pre-orders for the FF91 in the five years since the vehicle has been with us.
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Faraday Future builds first production-intent FF91
It may be years late, but the first customer examples of Faraday Future's FF91 are now just months away.
Stephen Edelstein -
Faraday Future plans production of FF81 at former GM plant in South Korea from 2024
After the FF91, Faraday Future plans to launch a second electric crossover to be called the FF81.
Viknesh Vijayenthiran -
Faraday Future lists on Nasdaq following SPAC deal, promises FF91 crossover in 2022
Faraday Future is the latest in a string of EV startups to go public via a SPAC deal.
Viknesh Vijayenthiran -
Geely invests in Faraday Future, may build cars for EV startup
Faraday Future looks set to expand into China with help from Geely and Foxconn.
Viknesh Vijayenthiran -
Here's your chance to actually own a Faraday Future FF91 today
Two prototypes for Faraday Future's FF91 are headed to auction.
Viknesh Vijayenthiran -
Evergrande Group will establish the EV brand Hengchi whose first model is due in 2020.
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Byton co-founder explains why he left Chinese startup after just 3 years
Byton co-founder Carsten Breitfeld is currently CEO of rival EV startup Faraday Future.
Viknesh Vijayenthiran -
Faraday Future's new CEO is the co-founder of rival EV startup Byton
EV startup Faraday Future is undergoing a restructure that has seen it name a new CEO and potentially formed new partnerships.
Viknesh Vijayenthiran -
Faraday Future hangs on with bridge loan
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...
Viknesh Vijayenthiran -
This is the minivan Faraday Future's designing for a Chinese video game company
Faraday Future plans to form a joint venture with Chinese video game company The9 to build hundreds of thousands of EVs in China.
Viknesh Vijayenthiran -
Faraday Future's latest lifeline: a Chinese video game company
Faraday Future, the California-based electric car startup, has been in limbo since the middle of last year due to financial woes, but the company has received a new lifeline. It comes from a rather unlikely place: a Chinese video game company. The startup announced it has signed a joint-venture...
Sean Szymkowski -
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, citing documents relating to the sale and comments made by Faraday Future spokesman John Schilling. A sale price wasn't mentioned. Faraday Future on March 13 said it was reducing its non-core assets as it seeks capital to put its first model, the FF91 crossover SUV, into production. As part of the...
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Faraday Future selling land purchased for proposed Nevada plant
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...
Viknesh Vijayenthiran -
Faraday Future investor buys EV startup that took over Saab
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...
Viknesh Vijayenthiran -
Faraday Future ends dispute with key investor
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...
Viknesh Vijayenthiran -
Faraday Future employees sue key investor
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...
Sean Szymkowski -
Faraday Future seeking new investment
Faraday Future has officially opened itself to "potential investors from around the world." The electric-car start-up said it has begun exploring strategic options, according to a Thursday Reuters report, and hopes to attract new investors. Options include debt and equity financing. This year has...
Sean Szymkowski -
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 stepped down. Reuters reported Tuesday that Sampson, a former Tesla executive, is the second of three Faraday Future co-founders to step away from the embattled electric automaker. Only CEO Jia Yueting remains and he has a tough fight ahead of him. Faraday Future recently announced significant layoffs...
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Faraday Future plans layoffs, wage cuts as money troubles resurface
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...
Sean Szymkowski -
Faraday Future enters dispute with key investor
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...
Viknesh Vijayenthiran -
Faraday Future's first pre-production FF91 rolls off line at Californian plant
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...
Viknesh Vijayenthiran -
Faraday Future hits key milestone with first FF91 body-in-white
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...
Viknesh Vijayenthiran -
Hong Kong firm to buy 45 percent of Faraday Future
Remember Faraday Future? The cash-strapped electric car startup hasn't been in the headlines of late but it isn't dead yet. In fact, the company may have been thrown a lifeline in the form of a stake sale to Hong Kong firm Evergrande Health Industry Group, a subsidiary of property developer China...
Viknesh Vijayenthiran