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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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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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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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.
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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.
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