Faraday Future factory completes its first full car

Faraday Future FF91 prototypeThe Faraday Future factory is up and running. It produced its first complete pre-production electric car on Tuesday, after building its first production body late last month. A company memo leaked to Green Car Reports reveals that Faraday plans a party to celebrate the milestone at its assembly plant in California's Central Valley on Tuesday. The...

Faraday Future, primary investor crushed by mounting debt, lawsuits

Faraday Future FF 91Struggling Faraday Future and its founding investor Jia Yueting are facing financial and legal woes that threaten the company's existence. Jia specifically has been placed on an official list of debt defaulters on a website run by the Chinese government after the LeEco founder failed to follow a court order stipulating he pay a debt of more than...

Odds for auto startups are incredibly high; can Tesla beat them?

Tesla Motors, Palo Alto, CaliforniaMuch of the energy and growth in the U.S. economy comes not from large corporations but from small startup companies, as economic data shows. By now, the model of a young, energetic entrepreneur with a bright idea who turns it into a world-changing business is well established. Think Facebook or Google, or before them Microsoft or IBM or Kodak, or...

Faraday Future gets $14 million; factory moved to CA from Vegas

Artist’s impression of Faraday Future’s proposed plant in Hanford, CaliforniaElectric-car maker Faraday Future has received an emergency injection of $14 million to move its FF 91 luxury electric car closer to market. The rescue funds come in the form of a loan from Innovatus Capital Partners, after Faraday Future pledged its California-based headquarters as collateral. For now, the $14 million will keep the company afloat...

What Tesla hath wrought: bumper crop of luxury electric cars

Jaguar I-Pace Concept, 2016 Los Angeles Auto ShowIt may have taken some time, but the auto industry is now reacting to Tesla in full force. More than four years after the first Tesla Model S was delivered, we are on the verge of a bumper crop of luxury electric cars. A mix of established automakers and startups looking to emulate Tesla's success are planning a growing array of new models, the...

Bowing to inevitable, Faraday Future scales back plant plans

Faraday Future FF 91During a press conference at the 2016 Consumer Electronics Show, Faraday Future announced plans to build its first electric car within two years. Later in 2016, it selected a site for what it claimed would be a $1 billion electric-car factory to be built in North Las Vegas, Nevada. But work at the site stopped late last year, and a new report...

Faraday has 64,000 reservations: why they’re different from Tesla’s

Faraday Future FF 91Faraday Future unveiled its first production electric car, the FF 91, last month at the 2017 Consumer Electronics Show in Las Vegas. The public debut of the much-hyped luxury utility vehicle generated considerable interest from potential customers. At least, that's how it looks at first glance. DON'T MISS: Faraday Future unveils FF 91, its first...

Faraday Future FF 91 electric car to cost almost $300,000?

Faraday Future FF 91At the 2017 Consumer Electronics Show, Faraday Future released a number of details about the FF 91, its first production electric car. It quoted a range of 378 miles, courtesy of a 130-kilowatt-hour lithium-ion battery pack. It also cited a power output of 1,050 horsepower, enabling the FF 91 to reach 60 mph from a standstill in less than 2.4...

Why Faraday Future’s luxury electric car is named FF 91

Faraday Future FF 91Faraday Future unveiled its FF 91 electric car at a special event held during the 2017 Consumer Electronics Show in Las Vegas last week. It's a crossover-utility vehicle with a claimed 1,050 horsepower and 378-mile range, the latter courtesy of a 130-kilowatt-hour lithium-ion battery pack. Aside from those ambitious performance claims, the FF 91...

Most autonomous cars shown at CES are electrified: preview

Hyundai Ioniq autonomous prototypeThe annual Consumer Electronics Show in Las Vegas has become a major venue for automakers. Increased interest in connectivity and autonomous driving, as well as collaborations with tech companies, have led to a greater automaker presence at CES, held just before the annual Detroit Auto Show. Last year, General Motors chose CES, and not the auto...

Faraday Future falls further: two execs depart, CES car still due

Teaser for Faraday Future electric car debuting at 2017 Consumer Electronics ShowFaraday Future has promised to unveil its first production electric car at the 2017 Consumer Electronics Show (CES) in January. But the Chinese-backed startup may end up limping to the finish line. Faraday appeared at CES 2016 with a flashy concept car and promises to launch its first production model within two years. DON'T MISS: Faraday Future...

Faraday Future halts factory work, hopes to resume early 2017

At the groundbreaking for Faraday Future's production facility in North Las Vegas (April 13, 2016)Faraday Future's ambitious plans to launch a production electric car in less than two years appear to have hit a snag. Before the Chinese-backed startup can begin production, it needs to complete a new factory in North Las Vegas, Nevada, which has a stated cost of $1 billion. Last month, lead contractor AECOM warned Faraday that it was late on a...

Faraday Future backer Le Eco is running out of cash, CEO admits

LeEco LeSee concept, 2016 Beijing Auto ShowFaraday Future plans to put an electric car into production within two years at a brand-new factory with a stated price tag of $1 billion. So far, this ambitious plan has had the backing of Chinese billionaire Jia Yueting, and his LeEco tech empire. But now LeEco may be running out of cash. DON'T MISS: Faraday Future imperils electric-car factory...