Just two days ago, we were wondering what the future of the once-promising Faraday Future (FF) would be. Our question was promptly answered. Much as we predicted, ex-employees banded together to form two electric vehicle (EV) startups and continue the electric future.
It’s hard to imagine that the once promising and as some might point out over-promising Faraday Future (FF) that sent the electric vehicle (EV) media into a frenzy seems now lingering in limbo. What happened to FF, anyway? FF didn’t have the best start two years ago at the CES … [continued]
In a move that runs contrary the trend of companies joining Formula E, electric vehicle company Faraday Future will be taking a reduced role in the upcoming series. When the list of official teams taking part in the fourth season was released, the Dragon Racing team appeared without the Faraday Future brand name attached.
Faraday Future is not dead — at least not yet. The company has secured an emergency $14 million loan and leased space at a former Pirelli factory in Hanford, California.
In a very unsurprising turn of events, Faraday Future’s much publicized plans to build a huge $1 billion electric vehicle manufacturing plant in Nevada are apparently now caput.
LeEco, the primary backer of the electric vehicle startup Faraday Future, is now looking to sell the 49-acre property in Silicon Valley that it acquired from Yahoo less than a year ago. LeEco also unveiled the LeSEE last year in China and then in San Francisco — pictures of the LeSEE are throughout this article.
Tesla is now hiring 150 to 200 new workers a month in Nevada, as part of the Gigafactory development effort at the Tahoe Reno Industrial Center in Storey County, going by recent comments made by the head of the Nevada governor’s office of economic development.
We reported recently on the apparent — and not too surprising — implosion of Faraday Future’s plans to develop an enormous 3-million-square-foot electric vehicle manufacturing facility in Nevada.
In an unsurprising bit of news (considering the company’s reported financial situation), Faraday Future will apparently be scaling back its development plans in Nevada, according to reports.
To add to the company’s apparently great many problems, a visual effects firm known as The Mill Group is now suing Faraday Future for $1.8 million in back-related pay, relating to a graphic presentation created for the January 2017 launch of a new electric car.
So, if one is looking for yet more reasons to be skeptical that anything is good is going to come out of the company, look no further. …
