The future of EV start-up Faraday is increasingly bleak. Reports from its facility in California say it is deserted and devoid of equipment. On the Chinese end of things, FF’s top investor has been put on a debt blacklist.
Faraday Future’s facility in Hanford, California which FF had rented after construction had come to a halt at its own planned production site (we reported), appears to be empty with ecns reporting that there is none but one employee watching over non-existing equipment.
The situation on the home front has worsened too as Faraday’s main investor Jia Yueting has been added to a blacklist of debt defaulters by the Chinese authorities.
Faraday has been in the news quitting one commitment after another. First, the planned 1bn facility (see above) and later its engagement in the Formula E. It thus seems less and likely that the FF 91 will ever see the light of the day. The initial aim was to make 10,000 units a year starting by late-2018.
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