Faraday is getting ready to hit the market
The American/Chinese startup Faraday Future is aligning itself to boost production and sales in the USA. A cooperation with installation provider Qmerit will help with charging, while the board of directors has a new chair. Further, Faraday is planning to significantly expand their workforce.
Faraday launches on the US stock market
Faraday Future has completed its long-announced IPO. The electric car start-up now announced the listing of its shares on Nasdaq. The IPO was carried out via a merger with SPAC Property Solutions Acquisition.
Faraday Future names new China CEO
California-based electric car start-up Faraday Future has appointed Xuefeng (‘Chris’) Chen as CEO for its China business. The FF 91 electric SUV is scheduled to launch in the first half of 2022.
Faraday Future finds fusion partner for IPO
Faraday Future has found a partner for its IPO. After merging with investment company Property Solutions Acquisition, the new Faraday Future Inc. is to be traded on Nasdaq under the ticker symbol “FFIE”. The company has also signed a framework agreement with Geely.
Faraday Future looks to China for production
California’s electric car startup Faraday Future plans to build a plant in China with an initial annual production capacity of over 100,000 vehicles. Industry insiders say that Faraday Future is negotiating with Geely about contract manufacturing.
Stellantis can choose from three EV platforms
The planned merger of the car companies PSA and FCA under the name Stellantis will apparently be able to rely on three electric car platforms. In addition to the existing platforms eCMP and eVMP, according to a new report from Italy, a base developed by FCA will also trade for larger electric cars.
Faraday Future with new business strategy
The Californian EV startup Faraday Future announced its new strategy shortly after appointing Carsten Breitfeld as new CEO. The aim is to start series production of the FF 91 in September 2020 and deliveries shortly thereafter.
Faraday Future “efficiently insolvent” says founder
The funds of Faraday Future are ultimately depleted and the EV startup “efficiently insolvent” founder Nick Sampson declared in an email to employees. Himself and senior product VP Peter Savagian have left the company and most workers have been sent on unpaid holiday.
Faraday Future cuts cost trying to stay alive
The crisis at Faraday Future continues after their fight with investor Evergrande Health remains unresolved. With funds running low, FF now had to lay off workers and cut the salaries of those who remain by 20 percent. This includes executives.
Faraday Future: Their house is on fire once more
Things are back to normal at Faraday Future, only their normal is chaos. In summer all seemed better, after the electric car startup secured a 2BN dollar deal with Evergrande Health. But now both sides blame the other for trying to break the deal and on top there are rumours that the first FF91 car […]
Faraday Future finishes FF 91 pre-serial model
Faraday Future has announced the successful completion of the first pre-series model of the electric SUV FF 91 at their factory in Hanford, California. The deliveries of the serial version will begin in the first half of 2019, according to Faraday.
EV startup Faraday Future launching China operation
Faraday Future has set-up its operating headquarters in China, according to Evergrande Health, which owns a 45 percent stake in the electric vehicle startup. Five more bases for research and development are to follow across the country in the next ten years.
Faraday Future is running a ghost operation
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.
True to its name.
Faraday Future dares to dream and has asked Chinese architecture firm MAD to design a campus. The futuristic design is wild (if not mad) and borrows from science fiction. If one considers FF’s massive financing problems though, it seems surreal quite literally.