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.Weiterlesen
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.Weiterlesen
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.Weiterlesen
Faraday granted bridge financing of 225 million U.S. dollars
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.Weiterlesen
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.Weiterlesen
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.Weiterlesen
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 […]Weiterlesen
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.Weiterlesen
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.Weiterlesen
Evergrande Health buys 45% of EV maker Faraday Future
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.Weiterlesen
Faraday upgrades Hanford facility, starts recruitment drive
The Californian EV startup Faraday Future has announced updates for their Hanford factory, which is scheduled to start serial production of the electric SUV FF 91 this year. The company has also started a recruitment drive for specialists.Weiterlesen
Faraday Future hires Michael Agosta as VP of finance
The Californian EV startup Faraday Future has signed a vice president of finance: Michael Agosta is coming from Ford, where he also worked as a finance VP for the middle east and Africa.Weiterlesen
Faraday Future’s investor rumors indicate active role
The rumors concerning the new investor behind Faraday Future have taken a new turn, as reports have stated that an investor from Hong Kong is looking to invest not the $1.5 billion initially discussed, but instead looking at $2 billion.Weiterlesen
Faraday expanding Hanford factory / Kickoff planned for August
Faraday Future has begun expanding the factory it leased last year in Hanford, California. The equipment required for the production of EVs has already been ordered, and is scheduled to be installed at the end of May.Weiterlesen
1 billion dollar funding for EV startup EVelozcity
Founded by former BMW and Faraday Future manager Stefan Krause, the electric car venture EVelozcity is hot among investors. Krause says he got funding offers over 1 billion dollars and thus the startup is planning big.Weiterlesen
Faraday secures further funding and plans FF 91 launch
After a series of negative headlines, things appear to be looking up for Faraday Future. They say they have found an investor in Hong Kong willing to inject 1,5 billion dollars into the organisation.Weiterlesen
Faraday Future sues Evelozcity for stealing secrets and employees
Faraday Future has filed a lawsuit against its former CFO Stefan Krause for stealing trade secrets and employees. Krause had created EV start-up Evelozcity after leaving FF and Faraday’s ex-CTO Ulrich Kranz also followed suit.Weiterlesen
Court seizes assets of LeEco founder Jia Yueting
After facing a lot of trouble regarding its companies, Jia Yueting is currently confronted with even worse news: The founder of LeEco and U.S. start-up Faraday Future once stepped forward to challenge Tesla – now, a court has seized all of his assets due to outstanding debts.
Stefan Krause about to create own start-up Evelozcity?
After going separate ways with Faraday Future, Stefan Krause and other ex-managers of FF are going to found a new EV company called Evelozcity, according to information provided by “Electrek”.Weiterlesen
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.
Pike’s Peak: Faraday Future beats Tesla.
In striking 11:25.083 minutes, Faraday Future’s FF91 finished the Pike’s Peak Hill Climb at this weekend, beating Tesla’s record. FF’s in fact achieved the fastest result a production EV ever did and was over 20 seconds faster than the Model S P90D.
Tesla, Faraday Future.
Reading tip: Tesla is working on a music streaming service of its own and allegedly started talks with big music labels already. The company’s idea is to offer as many sources as possible so Musk and Co. do not want to rely on existing services like Spotify or Apple Music.
Video tip: A bunch of new videos show the FF91 prototype by Faraday Future being tested for the Pikes Peak Hill Climb. The race has become kind of a proving ground for new EVs, among them Tesla’s Model S and Rimac’s race car.