The Chinese billionaire behind Faraday Future needs to bail the company out before it becomes a talking point
Let’s put this out there first: Faraday Future is not “vaporware.” This comes up every time we mention the company, and it’s simply not accurate. There’s no doubt that they are over-hyping their products for a company at this stage of development, but they also have over 1,000 employees–most of them engineers–working on real electric vehicle technologies, and that’s not vaporware.
We have reported on some top talent from Tesla, Apple and more traditional automakers going to the startup. Most of the power electronic team of the GM EV1 went to Faraday Future. All those people are developing real tech. It’s dismissing to call their work “vaporware,” but some clear mismanagement at the top is certainly putting their work at risk, and that’s a real problem for the EV industry. Expand