Faraday Future has announced the official market launch of its debut model FF 91. The price is now also known: The currently cheapest version starts at $249,000 (€233,000), and the limited top model is significantly more expensive.
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There is another delay at Faraday Future: about two weeks after the start of production, Faraday Future has postponed the first delivery until the end of the second quarter. However, the future of the company is not yet secure – Faraday needs further capital to ramp up production.
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The Californian electric car start-up Faraday Future has announced the official start of production for its debut model, the FF 91. Although five years later than originally planned, the first units could soon be rolling out to customers.
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Faraday Future announced that it received 135 million dollars in financing commitments in the form of convertible secured notes – enough to kick off production of its FF 91 model at the end of March. If all funds are received as planned, the first units could be delivered as soon as early April.
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The struggling Californian electric car start-up Faraday Future has removed Carsten Breitfeld as CEO of the company. His successor has already been appointed internally. However, the tasks for the new CEO will not be easy, according to the latest publications.
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The Californian electric car start-up Faraday Future has still not been able to raise the necessary capital to start production of its debut model FF 91, which was already postponed in July, this year.
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The US startup Faraday Future has again postponed the start of production of its luxury electric car FF 91. The start-up now hopes to raise funding of 325 million US dollars by the end of the year in order to be able to start production in 2022 after all. The situation is obviously very serious.
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Faraday Future has announced a new partnership with Meta System to become the supplier of on-board power management module products for the FF 91 and upcoming FF 81 electric vehicles. Using Meta System’s onboard battery charger, the system will be capable of 15.2 kW AC charging.
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Faraday Future has unveiled the version of its first model planned for series production. Production of the FF 91 is scheduled to begin in Hanford, California, in the third quarter of 2022.
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California-based electric car start-up Faraday Future has announced a partnership with South Korean carmaker Myoung Shin for the production of its second model FF 81.
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California-based electric car startup Faraday Future has admitted in a filing with the US Securities and Exchange Commission (SEC) that earlier statements that it had received more than 14,000 reservations for its debut model FF 91 “may have been misleading”.
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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.
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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.
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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.
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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.
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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.
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Faraday Future is aiming to go public. Although the electric car startup announced this step about a year ago, with the announcement of its new strategy, Faraday Future now seems to be taking concrete steps.
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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.
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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.
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Faraday Future electric car startup has appointed a new CEO – none other than Carsten Breitfeld, co-founder of Byton and former project manager for the development of the BMW i8.
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The crisis-ridden Californian electric car startup Faraday Future plans to comprehensively restructure. CEO Jia Yueting is stepping down as CEO in order to save the company and pay his debts.
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Faraday Future, an electric car startup in crisis, has received bridging financing of up to 225 million dollars from the U.S. commercial bank Birch Lake Associates to complete the development of its FF 91 model and prepare for series production.
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For the stumbling electric car startup Faraday Future, the journey may continue after all. The Californians have announced the formation of a 50:50 joint venture with the Chinese online game operator The9.
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After the financial situation at Faraday Future took a turn for the worse, employees have taken to the internet to crowd-fund the most important expenses to keep furloughed employees afloat.
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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.
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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.
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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 […]
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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.
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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.
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Faraday has found yet a new future as Hong Kong’s Evergrande Health Industry Group acquires a 45 percent share in the EV startup for $1.2BN. Evergrande will buy the stake off Season Smart, that had promised to invest 2BN dollars into FF.
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