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...

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...

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...