Decidedly, Faraday Future (FF) is no stranger to 11th hour, last-minute, dramatic rebounds. Today, the company finally gave some good news after a series of negative strikes that seemed to end its … future.
China might be the world’s biggest polluter but perhaps no other country has done more to clean up its act and step up to its cleantech international stewardship in the past several years. But all of this comes at a price. Often times, it means reprehending its own businesses to avoid global scandals.
2017 was a strange year, with plenty to celebrate and plenty to ponder about. The wild ups and downs most of us have gone through, both personally and professionally, were reflected in the industries we cover as well. So let’s take a look at what surprised us, what shows the most potential, and what was simply strange.
Things are not looking any better for electric vehicle (EV) maker Faraday Future (FF) now that its CEO and co-founder, also LeEco’s Founder, defied an order from Chinese authorities to come back and explain himself for his lack of financial performance. Jia Yueting was once portrayed as a rising Chinese star (and billionaire) potentially following in the footsteps of Elon Musk.
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.
