Faraday Future

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...

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...

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'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...

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 Yueting, the founder of Chinese tech giant LeEco, has been placed on an official list of debt defaulters in China after...

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. Kim is a former BMW designer and one of the earlier hires at the fledgling electric-car company. The report said Kim had...

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 sources in China are reporting that the $900 million is for a 10 percent stake in Faraday Future, thus valuing the electric...

After stopping work on its planned $1 billion plant in Nevada in July, electric car startup Faraday Future has managed to secure access to an existing plant that will allow it to get its first model, the FF 91, to market faster. Faraday Future on Monday said it has leased a 1 million-square-foot...

Struggling electric car startup Faraday Future has hired former BMW executive Ulrich Kranz for the new role of Chief Technology Officer. Kranz, 59, is a BMW veteran and has led the German automaker’s i sub-brand for electric mobility since 2008. He said he was motivated to join Faraday Future...

Work on Faraday Future’s planned $1 billion vehicle assembly plant in Nevada has been put on indefinite hold, the company confirmed on Monday. In a statement given to The Nevada Independent, Faraday Future said it’s looking for another means of production that will get its first model...

Electric car startup Faraday Future may be facing some significant financial challenges right now, but that didn’t stop the company from entering the 2017 Pikes Peak International Hill Climb. During the event held on Sunday, a prototype for Faraday Future’s first model, the FF 91, raced...

Electric car startup Faraday Future could be on the ropes. In November, Jia Yueting, the CEO and founder of tech giant LeEco, Faraday Future’s Chinese backer, announced that his company was experiencing a cash crunch, due mainly to the major drain of Faraday Future as well as another electric...

It’s been a while since we’ve heard from Faraday Future. In fact, the Chinese-backed electric car startup hasn’t announced any news since the reveal of its first car, the FF 91, during January’s 2017 Consumer Electronics Show. The absence of news coupled with delays in...

Alphanumeric naming schemes for automobiles are nothing new. We don't love them but we understand why an automaker resorts to such naming conventions. It sets out a strategy for future model "names," and it also usually gives the customer a hint at what's in store for a given vehicle. So what does...

Electric car startup Faraday Future on Tuesday unveiled its first car, the FF 91. The luxury SUV, which makes its official debut on January 5 at the 2017 Consumer Electronics Show, is still officially a concept, though it points to the design and performance buyers can expect when sales eventually...

Faraday Future, the startup electric brand with Chinese backing based in Nevada, introduced its first production-intent vehicle today on the sidelines of the 2017 Consumer Electronic Show in Las Vegas. The FF 91 is a crossover SUV that boasts 1,050 horsepower and posts a 2.39-second 0-60 mph time...