Faraday Future

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... read more

12 hours ago by Viknesh Vijayenthiran

Faraday Future ends dispute with key investor

Faraday Future completes first pre-production FF91 on August 28, 2018

Faraday Future employees sue key investor

Faraday Future seeking new investment

Faraday Future co-founder Nick Sampson steps down

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... read more October 31, 2018 by Jeff Glucker

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... read more October 23, 2018 by 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... read more October 9, 2018 by 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... read more August 29, 2018 by Viknesh Vijayenthiran

Faraday Future hits key milestone with first FF91 body-in-white

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... read more June 28, 2018 by Viknesh Vijayenthiran

Ex-Faraday Future execs form EV startup, promise first model by 2021

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... read more March 14, 2018 by Viknesh Vijayenthiran

Faraday Future previews future product during supplier meeting

Faraday Future teases second SUV at supplier meeting

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... read more February 15, 2018 by Viknesh Vijayenthiran

Faraday Future receives $1.5B lifeline

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... read more February 14, 2018 by Sean Szymkowski

Jia Yueting defies order to return to China to stay in US and help Faraday Future

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... read more January 2, 2018 by Viknesh Vijayenthiran

Faraday Future backer Jia Yueting is ordered back to China, has assets seized

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... read more December 29, 2017 by Viknesh Vijayenthiran

Faraday Future’s Chinese backer placed on debt blacklist in latest setback for automaker

To say Faraday Future has been having a tough couple of months is probably the understatement of the year. The latest in a long list of setbacks is news that main backer Jia... read more December 14, 2017 by Viknesh Vijayenthiran

Head Faraday Future designer resigns

Faraday Future won't necessarily end 2017 on a high note. The company's chief designer, Richard Kim, tendered his resignation on November 27, The Verge reported last Friday... read more December 6, 2017 by Sean Szymkowski

2016/2017 Faraday Future Dragon Racing Formula E race car

Faraday Future out of Formula E as Dragon Racing partnership ends

Faraday Future looks to be out of Formula E after just one season. The struggling electric car startup became the title sponsor and technical partner of the Dragon Racing... read more November 28, 2017 by Viknesh Vijayenthiran

Did Tata just buy a $900M stake in Faraday Future?

Faraday Future may have just been thrown a life line in the form of a $900 million investment by Indian automaker Tata. Chinese automotive news aggregator Gasgoo claims media... read more November 13, 2017 by Viknesh Vijayenthiran