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Faraday Future to shut down operations after co-founder resigns - UPDATE

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Faraday Future to shut down operations after co-founder resigns - UPDATE

UPDATE, 4 November 2018: In an email to CarAdvice, Jacob Brown, Faraday Future's manager for product and lifestyle communications, said the company is not shutting down operations and has "hired a new financial advisor team team this week to assist as we move forward in seeking funding"...

Recent Posts
Faraday Future cutting jobs and salaries - report
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Faraday Future cutting jobs and salaries - report

Faraday Future appears to be in some strife because of conflict with its main investor, cutting salaries and laying off employees to stay afloat, according to a new report. The Verge says an email was sent to staff over the weekend, detailing a 20 per cent decrease in wages for employees effective next week, with some losing their jobs entirely...


Faraday Future FF91: Pre-production vehicle revealed
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Faraday Future FF91: Pre-production vehicle revealed

Faraday Future has unveiled a pre-production version of its debut FF91 luxury electric vehicle, in a video posted to YouTube...


Faraday Future builds first body-in-white FF91
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Faraday Future builds first body-in-white FF91

Chinese-backed, US-based electric vehicle start-up Faraday Future has released images of the first body-in-white example of its upcoming FF91 crossover. With deliveries on track to commence in December this year, the company says it has beaten its "timeline objectives" so far, and is working closely with "key suppliers" to continue beating or meeting its deadlines...


Faraday Future showcases FF91 aero, investor summoned back to China
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Faraday Future showcases FF91 aero, investor summoned back to China

Electric vehicle startup Faraday Future has shared an insight into the development of the FF91, its upcoming competitor to the Tesla Model S and Lucid Air. The video is designed to highlight the collaboration between Faraday Future's design and aerodynamics teams, as they work to keep the coefficient of drag below 0...


Tata reportedly buys stake in Faraday Future amid executive departures
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Tata reportedly buys stake in Faraday Future amid executive departures

Tata has reportedly bought a 10 per cent stake in troubled Chinese electric startup Faraday Future. According to Gasgoo, Chinese media outlets are reporting Tata has purchased 10 per cent of Faraday Future for US$900 million ($1.2 billion). If the reports are true, a healthy cash infusion could see the help stabilise the situation at the troubled EV manufacturer, which has undergone an exodus of senior personnel in recent weeks...


Faraday Future leases new factory in California, $1 billion Nevada project on ice
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Faraday Future leases new factory in California, $1 billion Nevada project on ice

Electric start-up company, Faraday Future, has signed the lease on a new manufacturing facility in Hanford, California, which will see the production of its upcoming FF 91 EV. In an effort to bring the FF 91 to market by the end of 2018, Faraday Future has been forced to ditch its US$1 billion manufacturing facility in Las Vegas, following recent reports that the company was running into money troubles...


BMW i boss jumps ship to Faraday Future
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BMW i boss jumps ship to Faraday Future

The head of BMW's 'i' electric vehicle (EV) team has joined start-up company Faraday Future this week, according to industry journal Automotive News Europe. Ulrich Kranz, now the chief technology officer at Faraday Future, was with the Bavarian luxury marque for over 30 years. At Faraday Future, he will be tasked with turning the start-up's FF 91 concept into a production car...


Faraday Future attempts to line up $1 billion as LeEco parent founders
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Faraday Future attempts to line up $1 billion as LeEco parent founders

Faraday Future, the ambitious electric vehicle startup, is reportedly seeking a huge injection of funds from external sources, as its Chinese backers run into serious money issues. The company has begun drawing up plans to procure around US$1 billion ($1.3 billion) in outside funding, a source has told Bloomberg...


Faraday Future 91 revealed with 600km of electric range: But can they build it?
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Faraday Future 91 revealed with 600km of electric range: But can they build it?

One year after revealing the FFZERO1 concept, Chinese-backed and American-based EV startup Faraday Future has finally revealed its promised first car: the FF 91. The electric startup has been surrounded in recent months by reports of outstanding debts and a shortage of funds, with backer Jia Yueting - founder of China's LeTV empire and, oddly, another EV company in LeEco - admitting to employees in November that the company had overextended itself...


Faraday Future previews family-hauling EV ahead of CES debut
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Faraday Future previews family-hauling EV ahead of CES debut

Electric vehicle upstart Faraday Future has handed down a new preview image of its upcoming SUV-styled family car, which will likely be positioned as a rival to the Tesla Model X and the upcoming Jaguar I-Pace. The company had first hinted at this new vehicle with a shadowy silhouette that outlines the car's profile, released in April...


Faraday Future could crumble 'if CES goes badly', Lucid ramps up
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Faraday Future could crumble 'if CES goes badly', Lucid ramps up

If new reports are to be believed, next month's Consumer Electronics Show in Las Vegas could be the make-or-break moment for electric vehicle startup Faraday Future. Having revealed nothing more to-date than a sleek futuristic concept, the company has already been declared by some on social media to be a questionable prospect...


Faraday Future halts construction of US$1 billion car factory due to cash crunch
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Faraday Future halts construction of US$1 billion car factory due to cash crunch

Faraday Future has hit the pause button on its ambitious US$1 billion electric car factory on the outskirts of Las Vegas, Nevada. AECOM, the construction firm responsible for around US$500 million of the work on the new plant, has told Jalopnik that "Faraday Future is temporarily adjusting their construction schedule with plans to resume in early 2017"...


Faraday Future teases EV SUV ahead of CES 2017 debut
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Faraday Future teases EV SUV ahead of CES 2017 debut

Faraday Future has released a short video teaser of an all-electric SUV, which we believe will be its first production vehicle. Earlier this month, the company confirmed on Twitter that it's first production vehicle will make its debut at CES 2017, which takes place at the beginning of January in Las Vegas...


Faraday Future falls behind on factory payments, production EV due at CES 2017
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Faraday Future falls behind on factory payments, production EV due at CES 2017

Faraday Future, the Chinese-backed electric automaker, has reportedly fallen behind on payments to contractors building its new factory in Las Vegas. Automotive News has obtained a copy of a letter sent to Faraday Future by AECOM, the building contractor that's responsible for around US$500 million ($657 million) worth of work on the US$1 billion ($1...


Faraday Future electric SUV spied in Los Angeles - report
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Faraday Future electric SUV spied in Los Angeles - report

A heavily-disguised prototype believed to be one of the new models from electric startup company Faraday Future has been spied in sunny Los Angeles this week. It appears the prototype in the photo is the same vehicle that was teased by Faraday Future earlier this year, believed to be an all-electric large SUV to take on the Tesla Model X...


Faraday Future breaks ground at US$1 billion factory in Las Vegas
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Faraday Future breaks ground at US$1 billion factory in Las Vegas

At a ceremony yesterday, Faraday Future broke ground on the site of its US$1 billion ($1.3 billion) factory in North Las Vegas. The startup electric car maker says that, should all its plans come to fruition, the new factory to the north of Sin City will create 4500 direct jobs over the next 10 years. At present the company claims that it has around 700 employees in the USA...


Faraday Future zooms in on new EV model teaser
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Faraday Future zooms in on new EV model teaser

Electric vehicle startup Faraday Future has handed down a new teaser image for the first of its upcoming production models, offering a closer look at a vehicle previewed in November last year. At the time, Faraday Future had been shrouded in mystery, with little to no official word on the company’s management or backing...


Faraday Future FFZERO1 concept unveiled at CES 2016, EV platform detailed
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Faraday Future FFZERO1 concept unveiled at CES 2016, EV platform detailed

The Faraday Future FFZERO1 is the startup electric car maker's first concept vehicle, and has just been unveiled at the 2016 Consumer Electronics Show in Las Vegas. From its styling through to its incredible power, performance and technology claims, the FFZERO1 is designed to catch the eye of potential buyers, investors and the general public...


Faraday Future EV concept: self-driving hypercar leaked
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Faraday Future EV concept: self-driving hypercar leaked

1000 horsepower hypercar surfaces with iPhone app leak Batmobile-styled EV claims 0-100km/h below three seconds An iTunes App Store screw up has given the world an early look at mysterious Faraday Future’s first concept, due to be unveiled at this week’s Consumer Electronics Show in Las Vegas...