Starting a car company is not only very, very hard—as Tesla, Fisker, and many others testify—but requires breathtaking sums of money. Now struggling Faraday Future, the electric-car startup firm whose entrepreneurial Chinese backer is facing legal action in his home country, appears to have found a well-heeled savior. The new investor... Faraday Future promised $1.5 billion, says FF 91 will arrive by end of this year
Starting a car company is not only very, very hard—as Tesla, Fisker, and many others testify—but requires breathtaking sums of money. Now struggling Faraday Future, the electric-car startup firm whose entrepreneurial Chinese backer is facing legal action in his home country, appears to have found a well-heeled savior. The new investor...
Struggling 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...
Electric-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...
Faraday Future has seen its share of setbacks following January's reveal of its FF 91 electric luxury car, but it walked away with a victory at the Pikes Peak International Hill Climb. The troubled company not only took home a victory, but it also claimed a new record in the process. The FF 91 prototype completed the hill climb in an astoundingly...
Among electric-car owners and advocates, tiny British sports-car maker Aston Martin has become a company to watch. That's largely due to its CEO for the last few years, Andy Palmer, who had previously led product development at Nissan while it launched the Leaf electric car. Palmer had ambitious plans for a lineup of electric vehicles at Nissan...
During 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 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...
At 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...
Faraday 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...
Faraday Future unveiled its FF 91 electric car on the sidelines of the Consumer Electronics Show in Las Vegas. The battery-powered 1,050-horsepower vehicle is intended to rival (or perhaps best) anything Tesla Motors may have up its sleeve. As an upright crossover, it appears to be designed to rival the Tesla Model X—and perhaps the future...