Following on earlier news that Faraday Future is $21 million behind on payments to the construction firm that is building its $1 billion facility in North Las Vegas, AECOM, it appears that work has stopped at the site — despite earlier claims from Faraday Future that it was unlikely that work would stop as a result.
Following on our earlier report that Faraday Future was behind on the payment of a $21 million deposit to the construction firm AECOM, the billionaire behind the electric vehicle firm, as well as LeEco and reportedly now Atieva to some degree, has released a letter to employees at LeEco admitting that the tech giant was running out of cash because of rapid expansion.
As we reported previously, Faraday Future will unveil its first production vehicle at the upcoming Consumer Electronics Show (CES) in January. Ahead of that event, the company has begun offering more teasers of what’s in store, including a new video featuring a camouflaged test vehicle.
AECOM, the firm constructing Faraday Future’s new North Las Vegas manufacturing facility, issued a warning to the electric vehicle startup on October 10th over an unpaid $21 million deposit that was due in September, according to recent reports. The warning stated that work could stop on the project if the … [continued]
Faraday Future will be unveiling an all-electric production vehicle at the 2017 Consumer Electronics Show (CES) in early January, the company has announced. While not much is actually known about the model yet, it is more or less clear that it won’t be a cheap one. The company has already … [continued]
Faraday Future has selected the firm AECOM to construct its new $1 billion, 3-million-square-foot electric vehicle manufacturing facility in North Las Vegas, Nevada, according to a new press release from the company. As it stands, AECOM’s industrial construction services practice has already begun demolition — which includes mass grading for … [continued]
Atieva is an interesting company. We’ve covered its various PR offerings related to its ridiculously fast electric test van Edna quite a lot — there’s just something about seeing a nondescript van smoke fancy sports cars in drag races that gets our attention. That said, it would be nice to see … [continued]
The Faraday Future Dragon Racing Formula E team has revealed its new livery/design for its Season 3 race, which is set to make its debut shortly in Hong Kong. The new livery apparently has a fancy name — “Polarity,” which is meant to represent “the duality of FF’s future product … [continued]
Faraday Future has entered into a lithium-ion battery cell supply agreement with prominent EV battery manufacturer LG Chem, according to a new press release from Faraday Future. The agreement will see LG Chem supply battery cells to be used in Faraday Future’s electric vehicles, but there’s more to it than … [continued]
The electric vehicle startup Faraday Future now employees more than 1,000 people on the US, according to a new press release from the firm. The employment milestone means that the firm has expanded pretty rapidly, considering that it was founded only a bit more than 2 years ago, in May … [continued]
