Faraday Future

Faraday Future has secured bridge financing worth up to US$225 million ($315 million) from Birch Lake Associates, a boutique merchant bank based in Chicago. With the new source of funding secured, Faraday Future plans to continue development of the FF 91 electric car, which had stalled due to money issues stemming from a disagreement between the company's two major shareholders.

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.

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.

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 ($1.3 billion) factory.

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.