Faraday Future is an electric vehicle startup based in California. It was founded and it is being primarily financed by Chinese billionaire Jia Yueting.
Founded only in 2014, the company already has around 1,000 employees and reportedly raised 100s of millions.
It started construction on a $1 billion electric vehicle factory in North Las Vegas and plans to bring its first vehicle to market with the next 2-3 years.
We continue to spotlight up-and-coming or lesser-known electric vehicle companies, with Faraday Future. The Los Angeles based-automaker has had its fair share of ups and downs and controversies around electric vehicle technologies. With its first production EV in road testing, Faraday Future remains an automaker to watch.
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Fiat-Chrysler (FCA) is in discussions about using EV technology from Faraday Future and Seres (formerly SF Motors), according to a report last week by The Verge. Current and former FCA employees said that Faraday Future retrofitted FCA vehicles with its electric powertrain and started road testing. That effort follows months of reported meetings between FCA and Faraday Future. With an FCA-Peugeot merger in the works, are we seeing signs of a new EV consolidated effort?
Faraday Future CEO Jia Yueting is reportedly finally stepping down from his role at the electric vehicle startup as part of a restructuring into a partnership. Expand
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Rivian has grown to employ 750 people, with a new report detailing the startup’s recent hires from Tesla, Ford, and McLaren — but most notably, an influx of new employees from fading EV startup Faraday Future.
Evergrande, a Chinese firm believed to be the biggest real estate company in the world and backers of electric vehicle startups like Faraday Future and NEVS, announced a massive $23 billion investment in the production 1 million electric cars and 500 GWh of batteries per year. Expand
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After years of trouble trying to bring its first electric vehicle to market, Faraday Future (FF) is still surviving as it announces a new $225 million bridge loan, but a bridge to where? Expand
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Faraday Future, once seen as the main EV startup, had a tough 2018, but it announced that it closed out the year by settling its dispute with its main investor.
Though it doesn’t mean that it’s out of the woods just yet. Expand
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Following a significant fallout with its main investors, Faraday Future is running out of cash and it is on the brink of bankruptcy.
The startup now says that it can’t pay employees and it is putting more of them on furlough. Expand
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Faraday Future’s story has been a roller-coaster. Once seen as the number one EV startup, it has since been crippled by severe financial and management problems.
It seems like the startup was finally out of the woods after a large Chinese holding company promised a massive $2 billion investment in Faraday Future, but after a fallout with the investors, the company recently had to lay off employees and cut salaries. Expand
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With the recent cash injection, Faraday Future is moving forward with the production of the FF91 electric vehicle.
The startup has now unveiled the first pre-production FF91 – pictured above – assembled at its factory in Hanford, California. Expand
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In a strange move announced this week, Evergrande Health, a large Chinese holding company that recently invested $2 billion in EV startup Faraday Future, reportedly took over the Chinese operations of the electric vehicle startup. Expand
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We haven’t heard much from Faraday Future in 2018 as the troubled EV startup was trying to secure an important round of funding in order to get out of its seemingly constant financial troubles.
Now the company claims to be flush with cash after a $2 billion investment and they are getting ready to put the focus back on the FF91 all-electric crossover as they now test the vehicle at high-speed. Expand
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Electric vehicle startup Faraday Future confirms the long-rumored financing round that saved the company last year.
The California-based startup now announces that it closed $2 billion in financing to bring its electric vehicles to market. Expand
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We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company.
The startup now claims to have raised ~$1 billion to bring its electric vehicles to market. Expand
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Despite its many setbacks over the last few years, Faraday Future claims that it is now flush with money and still plans to launch the FF91, its first electric vehicle, by the end of the year.
The startup now teases a new fleet of prototypes ahead of the launch. Expand
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Despite its production plan for the all-electric SUV FF91 falling apart over the last year, Faraday Future claims that it can still bring the vehicle into production by the end of the year.
The company appears so confident that it now even teases future vehicles this week. Expand
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Only a few weeks after we first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, FF announced that they filed a lawsuit against them for alleged theft of trade secrets. Expand
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Jia Yueting (YT), founder of LeEco and now CEO of Faraday Future (FF) was placed on a debt blacklist in China and asked to return home to face his creditors following financial issues. Now, he says that he needs to stay in the US to oversee the current fundraising round of his electric car startup. Expand
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Over the past few months, things appeared to be out of control at the high-profile electric car startup Faraday Future. The new leadership brought in by billionaire founder Jia Yueting, including Stefan Krause, former BMW and Deutsche Bank CFO, and BMW’s head of EVs, Ulrich Kranz, along with several other high-profile employees, left in masses.
Now, sources have told Electrek that those same Faraday Future expats are launching their own electric car startup. Expand
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It feels like Faraday Future, once a well-funded electric car startup with over 1,000 employees, has been fading away over the last few months.
Now it looks like the end is near as the company loses several members of its top leadership again. Expand
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Faraday Future recently had one of its first good news in a while when it announced that it is moving into an existing factory instead of building its own in the middle of the desert.
It was seen as a more feasible approach to bring its first electric car to market.
But it looks like FF is still trying to figure out its whole business model as it sent out a survey to its followers for them to help “shape key aspects of their business.” Expand
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After having abandoned (officially put on hold) its massive $1 billion electric vehicle factory in Nevada, Faraday Future is now announcing a new less ambitious factory to bring its electric car to market.
The new facility is in Hanford, California – roughly halfway between Los Angeles, where FF is based, and Silicon Valley. Expand
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After months of financial difficulties stalling the project, electric vehicle startup Faraday Future issued a statement today announcing that they are abandoning their $1 billion EV factory in Nevada… for now. Expand
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Everywhere you look, EV records keep improving. Our newest example is Faraday Future’s FF 91, which took on the Pike’s Peak International Hill Climb this weekend and shattered the previous record for a “production” EV, set last year by a stripped but otherwise mostly unmodified Tesla P90D. The FF 91 beat the Tesla’s time by over 20 seconds, setting a time of 11:25.083.