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Faraday Future Lines Up New Factory in CA

Move follows decision to abandon $1b plant in Nevada.

by on Aug.07, 2017

More than 300 Faraday workers gathered at the plant last weekend to help clean it up.

Reports of Faraday Future’s demise, as Mark Twain might have suggested, have been greatly exaggerated. Or so the Chinese-funded battery-carmaker wants us to believe.

Faraday has seemed on the verge of extinction for some time, “temporarily” halting work on its $1 billion Nevada assembly plant last year and then, barely a month ago walking away from the project entirely.

Stay Plugged In!

But Faraday on Monday announced it has lined up a new factory to produce the FF91 battery-electric vehicle, or BEV, it unveiled in January. The new site is a one-time Pirelli tire plant in Hanford, California that has largely sat idle since 2001.

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Faraday Future Abandons $1 Bil Nevada Plant Project

EV start-up now planning to find alternative production site.

by on Jul.11, 2017

Officials dug in at the May 2016 groundbreaking ceremony for what was to be a $1b plant.

Financially struggling battery-electric automaker Faraday Future will cancel plans to build a $1 billion assembly complex in the Nevada desert near Las Vegas, raising further questions about the start-up’s long-term future – and costing about 4,500 planned U.S. jobs.

Construction work at the plant has been on hold since last November and the company has been hit by legal claims from vendors who say they have not been paid. The latest setback comes days after a court in Shanghai reportedly froze some of the assets of Jia Yueting. The tech billionaire has been a key backer of both Faraday and another EV start-up, LeEco.

Come Along for the Ride!

But Faraday officials insist their company will move forward on plans to produce a long-range, high-performance electric vehicle, the FF91, which was unveiled at a splashy news conference in Las Vegas during the Consumer Electronics Show last January.

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Faraday Wants to Redefine the Future with Debut of FF91

Even the best laid plans can go astray.

by on Jan.04, 2017

The Faraday Future FF91 makes its debut during a well-attended event in Las Vegas.

The Future doesn’t always go as planned. Just ask YT Jia, the Chinese billionaire investor backing Faraday Future. That’s the California-based start-up that pulled the wraps off its new battery-electric supercar during a splashy, two-hour presentation in Las Vegas on Tuesday night.

Intentionally looking like it rolled off the set of a science fiction film, Faraday’s new FF91 battery-powered crossover certainly sounds impressive. It boasts more than 1,000 horsepower – enough to launch from 0 to 60 in less than 2.5 seconds. Yet it can also deliver an estimated 378 miles per charge. It also has the ability to drive hands-free, thanks to an array of radar, laser and other sensors. And, with a touch of button will let you get out and then go look for a parking spot on its own.

Your Crystal Ball to the Future!

“It’s a vehicle that doesn’t require any sacrifice,” declared Pete Savagian, Faraday’s director of propulsion engineering. “Never has it been more convenient to drive completely electric.”

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Faraday Future Coming Unplugged?

Top execs leaving, lawsuits mounting, work on assembly plant halted.

by on Dec.30, 2016

Faraday Future plans to go full speed ahead with its new sport-ute concept, which it will show at the upcoming Consumer Electronics Show.

Faraday Future, start-up battery-carmaker, was hoping to make some big news next week at the annual Consumer Electronics Show – but the story may be quite a bit different than the California-based company had intended.

The CES event is still expected to take place, with Faraday planning to reveal its first production model. But the splashy media event could be hijacked by other issues that raise serious questions about the start-up’s long-term viability.

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The latest setback comes with word that Ding Lei, the unofficial CEO for Faraday, has left his post. He is one of a growing list of executives who have been heading for the exit in recent months. Exactly why the exodus is unclear, but Faraday’s financial fortunes appear to be crumbling. The company recently halted work on its $1 billion Las Vegas assembly plant and has now been sued for failing to deliver payments due to a key contractor on the plant project. (more…)

Tesla, BMW Lose Key Battery-Car Talent

Apple and Chinese start-up Future Mobility go poaching.

by on Apr.20, 2016

Several key members of the BMW i team, including the head of i8 development, have bolted.

It still refuses to acknowledge any plans to develop a car of its own, but consumer electronics giant Apple has reportedly been poaching a number of auto industry veterans for what is believed to be known internally as Project Titan – and that now includes a senior Tesla executive.

Chris Porritt, a one-time Aston Martin designer, had been more recently working at Tesla, helping in the development of its two current products, the Models S and X, as well as the upcoming Model 3 battery-electric sedan. According reports in several Silicon Valley publications, Porritt will now serve at Apple as Special Projects Group PD Administrator.

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Porritt, however, isn’t the only battery-car executive jumping ship. German automaker BMW has reportedly lost a number of key members from the team that developed it i3 and i8 electric vehicles. The group, which includes Carsten Breitfeld, leader of the team behind the i8 plug-in sports car, will now work on EV development for the Chinese-funded start-up Future Mobility Corp.

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Chinese-Funded Faraday Future Breaks Ground on $1 Bil Las Vegas Plant

Project set to be ready within two years.

by on Apr.14, 2016

Officials dig in at the groundbreaking ceremony for the new Faraday Future plant near Las Vegas.

The Chinese-backed battery-car start-up Faraday Future has broken ground for a $1 billion assembly plant set to rise in the Las Vegas suburbs.

The factory, which will eventually employ 4,500, is expected to produce a series of new electric vehicles, though the California-based company has provided only a faint glimmer of what it has in store once production begins in 2018.

Electrifying!

“Our aim is to complete a program that would normally take four years and do it in half the time, while still doing it right,” Dag Reckhorn, the head of global manufacturing for Faraday Future, said during a groundbreaking ceremony on a desert field in the Sin City suburb of North Las Vegas.

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