Faraday Future Inc. is an American startup technology company founded in 2014 focused on the development of electric vehicles. Based in Los Angeles, California, it began producing vehicles in 2023 and markets them in the United States and China.

Faraday Future Inc.
NasdaqFFIE
IndustryAutomotive
FoundedApril 2014; 10 years ago (2014-04)
FounderJia Yueting
HeadquartersLos Angeles, California
Key people
  • Matthias Aydt (CEO)
RevenueSteady US$0 million (2022)[1]
Decrease US$−448 million (2022)[1]
Decrease US$−552 million (2022)[1]
Total assetsDecrease US$510 million (2022)[2]
Number of employees
475 (approx.)[3]
Websiteff.com

History

edit

Faraday Future was founded by Chinese businessman Jia Yueting in May 2014[4] and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood adjacent to Carson, California. From its inception in 2014, the company grew to 1,000 employees by January 2016.[5]

The company is named for a founding principle of electric motor technology known as Faraday's law of induction,[6] which in turn is named after English scientist Michael Faraday who discovered electromagnetic induction.

Factory plans

edit

Faraday Future announced in November 2015 that it would invest up to $1 billion in its first manufacturing facility.[7]

In December 2015, Faraday Future settled on a location in North Las Vegas for its manufacturing site,[8] to be built by AECOM for $500 million.[9] Construction began in April 2016 on infrastructure which Nevada agreed to build, but was suspended in November pending verification of Faraday Future's financial stability.[10] The facility was spurred by a $215 million tax incentive, and a 4-mile (6 km) railway spur in 2018 to the 300 million sq ft (28 million m2) future factory with 4,500 full-time employees.[11]

On May 24, 2016, the City of Vallejo, California, announced a May 31 Special City Council meeting to consider an exclusive negotiating agreement. This represented the first step to bring Faraday Future to Mare Island. Following Karma Automotive's new plant in Moreno Valley,[12] the project would be the second new automobile manufacturing facility to be built from the ground up in California within the last few years. It was projected to bring hundreds of millions of dollars in new investment to the local economy.[13] On May 31, 2016, the City Council unanimously agreed to enter the 6-month agreement.[14][15]

Due to plans to develop a production vehicle and plant in North Las Vegas, Faraday Future ended its exclusive agreement with the City of Vallejo in March 2017.[16]

On July 10, 2017, the company announced it would no longer build a plant in North Las Vegas because of financial setbacks.[17][18]

In August 2017, the company announced that it had signed a lease for a former Pirelli tire plant in Hanford, California. The company said that it could employ up to 1,300 people over time and build up to 10,000 cars a year at that location.[19]

Concept vehicle and other planned vehicles

edit

Faraday Future originally planned to launch its first fully electric vehicle in 2017, with the possibility of producing a larger range of vehicles over time.[20] The company has implied plans to explore other aspects of the automotive and technology industries, such as alternative ownership and usage models, in-vehicle content, and autonomous driving.[21]

In July 2015, Motor Trend revealed tentative specifications for Faraday Future's proposed electric vehicle: it will have 15 percent higher specific energy than a Tesla Model S, it utilizes a multi cell solution where both individual cells and groups of cells can be replaced, and it will have a modular design for improved mass-production methods.[22]

At the November 2015 LA Auto Show, former Head of Design Richard Kim discussed his interest in creating a vehicle that featured internet access, in-car entertainment, aromatherapy technology, and ergonomic interior design.[23]

On January 4, 2016, at the US Consumer Electronics Show, Faraday Future revealed its concept vehicle, 1,000 hp (750 kW), 200 mph (320 km/h), single seat sportscar FF ZERO1.[24] Their video demonstrated how their Variable Platform Architecture (not in the concept vehicle) would allow for many body styles and battery configurations, but specific details or production schedules were not given for these potential car designs, only outlines of a crossover-like vehicle.[25] Following the revelation, comments on social media expressed disappointment that the only design exhibited was a high-end concept race car that would never be produced.[26]

Faraday Future planned to begin testing self-driving vehicles on California roads after winning approval from California in June 2016.[27]

Faraday Future unveiled its luxury model FF 91 130 kWh crossover vehicle, its first production vehicle, at the January 2017 US Consumer Electronics Show,[28][29] with connected car features.[28] Faraday received 64,124 reservations within the first 36 hours, despite a demonstration that did not go particularly well.[30] It is claimed to accelerate 0–60 mph (0–97 km/h) in less than 2.5 seconds,[31][32] costing less than $300,000.[33] Faraday Future plans several cars based on its Variable Platform Architecture.[34]

In April 2019, Faraday Future announced a partnership with Chinese video game company, The9, to develop a minivan named the V9, exclusively for the China market.[35][36]

Financial struggles

edit

In late 2015, the company said that part of Faraday Future's revenue stream was expected to come from alternative sources, with the anticipated revenue structure closer to that of the smartphone than to that of standard automobile sales.[37]

By 2016, Faraday had been the subject of speculation voiced by ex-employees and government officials who expressed doubts about the company's finances.[38][39] The company had failed to fund even relatively small escrow accounts, which led to some analysts doubting the company's financial solidity and overall investment strategy.[40] In July 2016, several investment officers and managers expressed concern over the company's finances.[41][42]

Faraday Future suspended work on its Nevada site in November 2016 until the first $300 million of a claimed $600 million in funding would be realized.[43][44][45] The delay was criticized by Nevada officials,[46] which Jia refuted.[47] Among FF's many financial challenges as of late 2016 was providing surety for a $140 million loan when LeEco bought a $250 million piece of land in California from Yahoo.[48]

The majority shareholder for the company was founder Jia Yueting. In late 2017, then CFO Stefan Krause and CTO Ulrich Kranz departed Faraday Future in a dispute with owner Jia over financing and the impending exhaustion of cash. Krause and Kranz founded Evelozcity (now called Canoo) in late 2017, a competing electric car maker, and poached former Faraday Future employees. Jia then took over as CEO of the company, securing a round of financing, when the company was facing depletion of their cash supply, and started paying off debts to suppliers. At the time, Jia was in debt in China, with suppliers, creditors, and government, camping out at his Chinese company LeEco.[49] The new financing involved US$1 billion for 25% of the outstanding shares in the company. In the followup to this round of financing, Jia had reiterated that the FF91 would debut on schedule, at the end of 2018.[50][51][52]

In early 2018, Faraday Future acquired a $1.5 billion funding commitment from an undisclosed Hong Kong investor, with $550 million invested initially and the balance coming as the company met milestones.[53] A report indicated that the new lifeline entailed a lien on the company's assets as collateral.[54] By April 2018, Faraday Future secured a contract to build an assembly plant in a Guangzhou free zone area dedicated to the manufacture of smart equipment and new energy vehicles.

In May 2018, the company announced the appointment of Michael Agosta as vice president of finance for North America.[55] Agosta was the previous CFO of Ford Motor Company Middle East and Africa.[55] The announcement was seen as a commitment on the part of the organization to follow through on Jia Yueting's promise to produce its first EV, the FF 91, by 2018.[55] An internal email sent by Jia Yueting showed that the vehicle was nearing delivery.[56] This confirmed Agosta's prepared statement during his appointment that said "2018 is going to be an exceptional year for FF to deliver its first FF 91 to the market, and I will lead my team to make sure we are ready for this goal and beyond."[57]

In August 2018, Faraday Future received US$854 million from Evergrande Group for a 45% stake in the company.[58] However, in October 2018 the company sought to call off the deal, with Jia entering arbitration with Evergrande.[59] Also in October 2018, the company announced layoffs, a 20% salary cut for all staff, and a revised salary of $1 for Jia.[60] Co-founder Nick Sampson and senior vice president Peter Savagian resigned from the company following the announcement of layoffs.[61] In December 2018 the company announced massive layoffs due to a cash crunch and financial pressure, and by the end of 2018 the staff was planned to be reduced by 40% (from 1000 to 600).[62][63]

In March 2019, Faraday Future announced a new 50–50 joint venture with Chinese online game operator The9 to make EVs in China, with The9 announcing it would contribute up to $600 million for the project.[64][65] In May 2019 it was reported that Faraday Future was undergoing restructuring[66] and in June the company fired dozens of employees on unpaid leave.[67]

The company's founder Jia Yueting filed for personal bankruptcy in United States federal court in Delaware on October 14, 2019.[68] Following Jia's personal bankruptcy, he stepped down from his role as CEO of Faraday Future in order to assume a new position as the Chief Product and User Officer (CPUO). Jia was replaced as CEO by Carsten Breitfeld - former CEO at rival electric vehicle startup Byton.[69]

In February 2024, the lessor of the company's headquarters in Gardena, Rexford Industrial, served a Notice to Pay Rent or Quit due to unpaid rent of $917,887.26. It required the company to either pay rent or forfeit the building within 5 days. This was followed by an eviction complaint filed by the Superior Court of California.[70] [71]

Becoming publicly-traded

edit

In January 2021, Faraday Future announced that the company would go public through a reverse merger with special-purpose acquisition company Property Solutions Acquisition Corp. The combined company would be valued at US$3.4 billion. Chinese automaker Geely was expected to become a strategic partner of Faraday Future. Faraday Future was expected to set up contract manufacturing operations in China through their partnership with Geely. Taiwanese manufacturer Foxconn was expected to serve as an additional strategic partner of Faraday Future in a yet to be determined capacity.[72]

Faraday Future was listed on the Nasdaq stock exchange on July 22, 2021. The company is listed under the ticker symbol (NASDAQ:FFIE)[73]

SEC subpoena

edit

On March 31, 2022, the U.S. Securities and Exchange Commission subpoenaed several members of Faraday Future's management team over inaccurate statements made to investors.[74] On November 26, 2022, the board voted to remove Carsten Breitfeld and appoint Xuefeng Chen as CEO.[75]

Production & Deliveries

edit

On March 29, 2023, Faraday Future started production of the FF 91 Futurist Alliance at its Hanford facility, with the first production build vehicle coming off the line on April 14, 2023.[76] The FF 91 Futurist is the company's first production vehicle and flagship model that is expected to be offered in both the U.S. and China markets.[77]

On June 8, 2023, Faraday Future announced the first three owners of the FF 91 Futurist: Rem D Koolhaas, Jason Oppenheim, and Private Collection Motors (PCM), a luxury car dealership based in Costa Mesa, California.[78]

On August 12, 2023, Faraday Future delivered its first vehicle to PCM.[79] The company also announced that Justin Bell, a second-generation world-champion race car driver from England, had signed a sales agreement, along with a collaboration agreement that comes with the title "Developer Co-Creation Officer", during the 2023 Monterey Car Week.[80]

On September 13, 2023, Jason Oppenheim took delivery of an FF 91 Futurist Alliance at FF's "Delivery Co-Creation Day".[81]

On September 19, 2023, business development manager Kelvin Sherman took delivery of a FF 91 Futurist Alliance at Faraday Future‘s headquarters. The company also announced that actress and entrepreneur Emma Hernan had also joined Faraday Future as its first female FF 91 Futurist Alliance owner and "Developer Co-Creation Officer".[82]

On October 8, 2023, FF delivered an FF 91 Futurist Alliance to Jia Yueting.[83]

Stock Short Squeeze

edit

On May 15, 2024, the Faraday Future stock become a target for meme stock investors who sought to 'squeeze' the large position of short sellers in a manner similar to that of the GameStop short squeeze of 2021.[84]

Leadership

edit

As of October 2023, the board of directors of Faraday Future is led by an executive team composed of:[85]

  • Matthias Aydt (Global Chief Executive Officer)
  • Xuefeng Chen (FF China CEO, EVP of Global Industrialization, executive director)
  • Jonathan Maroko (Interim Chief Financial Officer)
  • Tin Mok (Global User Ecosystem, board member)
  • Chad Chen (Board Member)
  • Li Han (Board Member)
  • Sheng Jie (Board Member)
  • Lev Peker (Board Member)
  • Ke Sun (Board Member)

Models

edit

Faraday Future vehicle names start with "FF" for Faraday Future followed by a two digit number. The first digit indicates the market segment of the vehicle. A 9 would be a top-line product, with lower numbers indicating successively lower cost segments, except for 0, indicating a special car. When spelled-out as "zero", a concept car is indicated. The second digit indicates successive iterations or generations in that segment.[86][87] Each element is pronounced separately, so that the FF91 is F-F-9-1 and not FF-ninety-one.[88]

FF ZERO 1

edit

FF ZERO1
Front 3/4 view FFZERO1
Rear 3/4 view FFZERO1

The FFZERO1 concept vehicle was unveiled in 2016, at CES. The "Zero" spelling indicates the concept vehicle status, the "1" indicates the first such model.[86] The car was announced as having 1,000 hp (750 kW), a top speed over 200 mph (320 km/h), and a 0–60 mph (0–97 km/h) time under 3 seconds. The specifications were never validated as the vehicle was only a clay and styrofoam model. The car would have a glass roof, and a racecar style head and neck support system, with oxygen and water feeds to the driver's helmet. The car would have four electric motors, one for each wheel, and be a single seater.[89]

FF 91

edit

The FF 91 (F-F-Nine-One)[88] production model was unveiled in 2017. The "9" indicates a top-of-the-line model, analogous to the Genesis G90 or Volvo S90. The "1" indicates the first model in this market segment.[86] This large crossover SUV is to have a 0–60 mph (0–97 km/h) time of 2.4s, 130 kWh (470 MJ) battery pack, giving a range of 289 mi (465 km). The rear doors are to be suicide doors, and all four doors would open automatically. There is a large infotainment screen in the middle of the front dash console. It would also similarly have a limited autonomous driving mode. The FF91 would be equipped with smartphone app car access and key capability and facial recognition door locks.[90]

In August 2018, the company completed the first pre-production FF91.[91] Production was planned to start in Hanford, California, in late 2020.[92]

The production of the FF 91 officially started March 2023 in Hanford, California. Deliveries of the vehicle was scheduled to start late 2023. The production version of the vehicle features a tri-motor configuration, providing 783 kW of total power and a 142 kWh battery pack for an estimated 381 miles (613 kilometers) of range under the US EPA standard. The pricetag of FF 91 Futurist Alliance is $309,000 US dollars, which is limited to 300 units worldwide. As of February 2024, the company announced it had delivered 11 FF 91 2.0 Futurist Alliance models to staff and selected influencers.

FF 91 2.0 Futurist Alliance

edit

FF 91 2.0 Futurist Alliance is the first flagship product of Faraday Future. The FF 91 2.0 Futurist Alliance has three motors with a maximum output of 1,050 horsepower (780 kW). The electric motor output torque is 1,977 newton-meters (1,458 lbf⋅ft) and wheel torque 13,285 N⋅m (9,799 lbf⋅ft). The 0–60 mph acceleration speed is 2.27 seconds, with a battery pack energy of 142 kW/h, an EPA-certified range of 381 miles (613 km). It uses an Nvidia DRIVE Orin and 2 Qualcomm 8155p SoC, and a Super AP 5G modem. In the US, it supports AT&T, Verizon and T-Mobile with an in-car network speed of 10 Gbit/s Ethernet. Additionally, the vehicle has 10+ screens with 100+ inch total display area. Deliveries of the electric vehicle were to begin in late 2022, but a delay was made by investor disputes.[93]

FF 81

edit

The FF 81 was planned to be unveiled in 2018, though that never happened. It was planned to be a mid-sized SUV built in California for the Chinese market.[87][94][95][96]

In February 2022, Faraday Future signed a manufacturing deal with South Korean company Myoung Shin to build the FF81 in an ex-GM Korea factory,[97] but no further announcements have been forthcoming.

701-EV

edit

The Faraday Future Dragon Racing Penske 701-EV for the 2016–2017 Formula E season, was an all-electric open-wheel open-cockpit battery-electric[98] racecar for the Faraday Future Dragon Racing Team, a collaboration between Faraday Future and Dragon Racing, a team founded by Jay Penske.[99]

Motorsport

edit

Pikes Peak International Hill Climb

edit

Faraday raced a "beta level development" FF91 in the exhibition class race at the June 2017 annual Pikes Peak International Hill Climb in Colorado; the class also includes a performance-tuned Tesla Model S P100D.[100] (In 2016, a Tesla Model S P90D set the production EV course record.)[101]

Formula E

edit
 
2017 FF Spark-Penske 701-EV

Faraday Future joined the FIA Formula E Championship for electric-powered cars through a collaboration with the existing Dragon Racing team for the series' third season, beginning in October 2016.[102] Specifications for the car were released in November 2016.[103]

In August 2017, due to a lack of cash, Faraday Future reduced its participation in Formula E. It was unable to maintain a sponsorship role in Dragon Racing, leading to the loss of the FF logo on their cars. Faraday Future said it would maintain a technical relationship with the team.[104] By November 2017, due to its cash-strapped state, Faraday Future dropped its partnership with Dragon Racing, exiting Formula E.[105]

See also

edit

References

edit
  1. ^ a b c "Income Statement". Retrieved September 1, 2023.
  2. ^ "Balance Sheet". Retrieved September 1, 2023.
  3. ^ O'Kane, Sean (December 14, 2018). "Federal court freezes Faraday Future CEO's ownership stake, California mansions". The Verge. Archived from the original on December 14, 2018. Retrieved December 14, 2018.
  4. ^ Harris, Mark (April 20, 2016). "Battle of the electric car startups: will Faraday Future merge with Atieva?". The Guardian. UK. Archived from the original on February 2, 2017. Retrieved January 26, 2017.
  5. ^ Tilley, Aaron (January 5, 2016). "Faraday Future: We're Going To Move A Lot Faster Than Tesla". Forbes. Archived from the original on January 7, 2016. Retrieved January 7, 2016.
  6. ^ "Faraday Future Talks AI, Multi-Seat EVs in Exclusive Interview". Shear Comfort Auto Blog. June 3, 2016. Archived from the original on January 8, 2017. Retrieved June 8, 2016.
  7. ^ Reisinger, Don (November 5, 2015). "A Mysterious Electric Carmaker has its Sights on Tesla". Fortune. Archived from the original on November 24, 2015. Retrieved December 10, 2015.
  8. ^ Ramsey, Mike (December 9, 2015). "Faraday Future Picks Nevada Site for $1 Billion Electric-Car Investment". The Wall Street Journal. Archived from the original on January 6, 2016. Retrieved January 7, 2016.
  9. ^ "AECOM snags $500M contract to build NV Faraday Future plant". Construction Dive. October 16, 2016. Archived from the original on November 10, 2016. Retrieved December 19, 2016.
  10. ^ Ramsey, Mike (April 13, 2016). "Electric Car Maker Faraday Breaks Ground in Nevada Startup aided by promise of state incentives moving ahead on first vehicle". The Wall Street Journal. Archived from the original on April 14, 2016. Retrieved April 15, 2016.
  11. ^ "Faraday Future Approved for Apex Rail Spur". North Las Vegas Tribune. August 30, 2016. Archived from the original on December 11, 2016. Retrieved December 11, 2016.
  12. ^ "Karma comes around again: California's newest car factory aims to rival Tesla". June 17, 2016. Archived from the original on June 17, 2016. Retrieved June 17, 2016.
  13. ^ "City of Vallejo schedules May 31 vote on Agreement with Faraday Future for exclusive negotiations on 153 Acers". May 24, 2016. Archived from the original on May 28, 2016. Retrieved May 24, 2016.
  14. ^ Times, Los Angeles (June 2016). "Tesla rival Faraday gets one step closer to building electric cars in Vallejo". Los Angeles Times. Archived from the original on June 5, 2016. Retrieved June 6, 2016.
  15. ^ "Weekly Electromobility News – Electromobility News". www.emvalley.com. Archived from the original on August 10, 2016. Retrieved June 6, 2016.
  16. ^ "City of Vallejo provides update on 157-acre opportunity on North Mare Island". March 24, 2017. Archived from the original on March 25, 2017. Retrieved March 24, 2017.
  17. ^ Hawkins, Andrew J. (July 10, 2017). "Faraday Future abandons plan to build $1 billion electric car factory in Nevada amid cash woes". The Verge. Archived from the original on July 11, 2017. Retrieved July 11, 2017.
  18. ^ "An electric vehicle startup with a troubled past seeks a SPAC". Fortune. Retrieved October 25, 2020.
  19. ^ Multiple sources:
  20. ^ Multiple sources:
  21. ^ Multiple sources:
  22. ^ Pleskot, Kelly (November 6, 2015). "New Electric Car Company Emerges: Faraday Future". Motor Trend. Archived from the original on December 10, 2015. Retrieved December 10, 2015.
  23. ^ Branman, Miles (November 30, 2015). "Faraday Future's 2017 Tesla Model S rival with a 300+ mile range will charge into CES 2016". Yahoo Finance. Archived from the original on December 10, 2015. Retrieved December 10, 2015.
  24. ^ "Glimpse Into the Future – FFZERO1 Concept". 2016. Archived from the original on January 5, 2016. Retrieved January 5, 2016.
  25. ^ Multiple sources:
  26. ^ Lambert, Fred (January 8, 2016). "Faraday Future SVP admits unveiling the FFZERO1 concept for attention – Interview with Nick Sampson [Video]". Electrek. Archived from the original on December 22, 2016. Retrieved December 21, 2016.
  27. ^ Lienert, Paul (June 21, 2016). "Faraday Future to build self-driving vehicles and build and sell electric vehicles". Yahoo Tech. Archived from the original on June 22, 2016. Retrieved June 28, 2016.
  28. ^ a b Stewart, Jack (January 3, 2017). "Faraday Future's 'Tesla Beater' Debut Doesn't Go Quite As Planned". WIRED. Archived from the original on January 4, 2017. Retrieved January 3, 2017.
  29. ^ Multiple sources:
  30. ^ Dow, Jameson (January 5, 2017). "Faraday Future says it has received over 64,000 reservations for its FF 91 electric vehicle in 36 hours". Electrek. US. Archived from the original on January 8, 2017. Retrieved January 8, 2017.
  31. ^ Lambert, Fred (December 15, 2016). "Faraday Future claims its electric crossover beats Tesla's Model X P100D Ludicrous in a drag race, releases video". Electrek. Archived from the original on December 22, 2016. Retrieved December 21, 2016.
  32. ^ Lambert, Fred (December 23, 2016). "Faraday Future now claims that its prototype beats the Tesla Model S P100D's 2.5 seconds 0 to 60 mph". Electrek. Archived from the original on December 24, 2016. Retrieved December 23, 2016.
  33. ^ Lambert, Fred (January 13, 2017). "Faraday Future's new FF91 electric vehicle will cost 'less than $300,000', says CEO Jia Yueting". Electrek. Archived from the original on January 15, 2017. Retrieved January 14, 2017.
  34. ^ "Behind the scenes at Faraday Future, an electric carmaker on the brink of collapse". The Verge. Vox Media. December 22, 2016. Archived from the original on December 25, 2016. Retrieved December 28, 2016.
  35. ^ "This is the minivan Faraday Future's designing for a Chinese video game company". Motor Authority. April 5, 2019. Archived from the original on August 17, 2019. Retrieved August 17, 2019.
  36. ^ Blanco, Sebastian. "Faraday Future Could Sell V9 EV In China Through Joint Venture With The9 Limited". Forbes. Archived from the original on August 16, 2019. Retrieved August 17, 2019.
  37. ^ Moss, Darren (January 7, 2016). "Faraday Future reveals FFZERO1 concept at CES". Autocar. Archived from the original on December 3, 2015. Retrieved December 10, 2015.
  38. ^ "Nevada treasurer raises questions about Faraday Future | AOL Corporate". corp.aol.com. Archived from the original on August 18, 2016. Retrieved July 19, 2016.
  39. ^ King, Danny. "Nevada treasurer raises questions about Faraday Future". Autoblog. Archived from the original on July 15, 2016. Retrieved July 19, 2016.
  40. ^ Miller, Greg (April 20, 2016). "Faraday Future: Is This Car Company Legit?". Wall Street Daily. US. Archived from the original on December 9, 2016. Retrieved January 2, 2017.
  41. ^ "The Chinese Billionaire Who Wants to Out-Tesla Tesla". Bloomberg. July 5, 2016. Archived from the original on December 20, 2016. Retrieved December 11, 2016.
  42. ^ "Faraday Future's Nevada Factory Hits Speed Bump". CleanTechnica. Archived from the original on July 9, 2016. Retrieved July 19, 2016.
  43. ^ Lambert, Fred (November 15, 2016). "Faraday Future delays EV factory construction while investors secured $600 million in financing". Electrek. Archived from the original on November 16, 2016. Retrieved November 15, 2016.
  44. ^ "China's Leshi Holdings secures $600 million in support". Reuters. November 15, 2016. Archived from the original on November 16, 2016. Retrieved November 15, 2016.
  45. ^ "Faraday Future Plagued By Lawsuits, Unpaid Bills Ahead Of Electric Car Reveal". BuzzFeed. December 15, 2016. Archived from the original on December 27, 2016. Retrieved December 28, 2016. Faraday is temporarily adjusting their construction schedule with plans to resume in early 2017," AECOM said
  46. ^ "Outlook bleak for LeEco's Nevada electric vehicle plant". China Daily. November 28, 2016. Archived from the original on December 29, 2016. Retrieved December 28, 2016.
  47. ^ "Nevada Official Claims That The Chinese Billionaire Behind Faraday Future Is Broke". Jalopnik. November 28, 2016. Archived from the original on December 27, 2016. Retrieved December 28, 2016.
  48. ^ "Inside Sources Say Faraday Future Is A Bigger Catastrophe Than You Can Possibly Imagine". Jalopnik. December 16, 2016. Archived from the original on December 27, 2016. Retrieved December 28, 2016.
  49. ^ "Will LeEco Founder Obey Regulator and Return to China? – Caixin Global". www.caixinglobal.com. Archived from the original on August 29, 2018. Retrieved August 29, 2018.
  50. ^ O'Kane, Sean (December 20, 2017). "Faraday Future secures Hail Mary investment, and Jia Yueting takes over as CEO". The Verge. Archived from the original on December 23, 2017. Retrieved December 23, 2017.
  51. ^ Lambert, Fred (December 20, 2017). "Faraday Future expats spin off a new electric car startup". electrek. Archived from the original on December 22, 2017. Retrieved December 23, 2017.
  52. ^ Sheehan, Sam (December 20, 2017). "Faraday Future raises £747 million by selling shares". Autocar.co.uk. Archived from the original on December 23, 2017. Retrieved December 23, 2017.
  53. ^ Szymkowski, Sean (February 14, 2018). "Faraday Future receives $1.5B lifeline". Motor Authority. Archived from the original on February 22, 2018. Retrieved February 21, 2018.
  54. ^ "Faraday Future bet the farm to secure its multi-billion dollar investment from China". The Verge. Archived from the original on June 25, 2018. Retrieved June 3, 2018.
  55. ^ a b c Walz, Eric (May 18, 2018). "Faraday Future Appoints Ford Motor Co. Executive as New VP Of Finance - FutureCar.com". www.futurecar.com. Archived from the original on May 25, 2018. Retrieved June 3, 2018.
  56. ^ "Faraday FF 91 nearing delivery, CEO says in leaked email | HiTechChronicle". hitechchronicle.com. May 14, 2018. Retrieved June 3, 2018.
  57. ^ Walz, 2018.
  58. ^ Hanley, Steve (August 22, 2018). "Is Faraday Future Back From The Dead?". Clean Technica. US. Archived from the original on August 23, 2018. Retrieved August 24, 2018.
  59. ^ Hu, Bailey (October 8, 2018). "Briefing: Jia Yueting's Faraday Future seeks to end deal with Evergrande Health · TechNode". TechNode. Archived from the original on October 8, 2018. Retrieved October 10, 2018.
  60. ^ "China's EV maker Faraday Future plans lay-offs, 20 percent pay cuts". Reuters. October 23, 2018. Archived from the original on October 25, 2018. Retrieved October 25, 2018.
  61. ^ Udemans, Christopher (October 31, 2018). "Faraday Future co-founder resigns amid company turmoil". TechNode. Archived from the original on October 31, 2018. Retrieved October 31, 2018.
  62. ^ "Faraday Future furloughs more employees as cash woes continue". TechCrunch. December 4, 2018. Archived from the original on December 5, 2018. Retrieved December 5, 2018.
  63. ^ O'Kane, Sean (December 4, 2018). "Faraday Future furloughs hundreds more employees as it runs low on cash". The Verge. Archived from the original on December 4, 2018. Retrieved December 5, 2018.
  64. ^ O'Kane, Sean (March 24, 2019). "Faraday Future strikes deal to make cars in China with mobile gaming company". The Verge. Retrieved November 14, 2020.
  65. ^ Paukert, Chris. "Faraday Future scores unlikely lifeline from Chinese video game company". CNET. Retrieved November 14, 2020.
  66. ^ O'kane, Sean (May 1, 2019). "Faraday Future is working with 'a bankruptcy legend' to stave off collapse". The Verge. US. Archived from the original on June 21, 2019. Retrieved June 22, 2019.
  67. ^ O'Kane, Sean (June 25, 2019). "Faraday Future fires dozens of employees on unpaid leave". The Verge. Archived from the original on June 26, 2019. Retrieved June 26, 2019.
  68. ^ O'Kane, Sean (October 14, 2019). "Faraday Future founder files for Chapter 11 bankruptcy". The Verge. Retrieved October 20, 2019.
  69. ^ O'Kane, Sean (September 3, 2019). "The man responsible for the BMW i8 is taking over as CEO of Faraday Future". The Verge. Retrieved August 6, 2020.
  70. ^ O'Kane, Sean (February 16, 2024). "Faraday Future in danger of losing LA headquarters for failing to pay rent". TechCrunch. Retrieved February 19, 2024.
  71. ^ "Rexford complaint Faraday Future". www.documentcloud.org. Retrieved February 19, 2024.
  72. ^ Ruffo, Gustavo Henrique. "With Geely's Manufacturing Aid, Faraday Future Will Go Public Via SPAC". www.insideevs.com. InsideEVs. Retrieved January 31, 2021.
  73. ^ O'Kane, Sean (July 22, 2021). "Faraday Future just became a publicly traded company". The Verge. Retrieved July 22, 2021.
  74. ^ "EV startup Faraday Future gets SEC subpoena on inaccurate statements". Reuters. Reuters. March 31, 2022. Retrieved April 2, 2022.
  75. ^ "sec.gov". www.sec.gov. Retrieved December 6, 2022.
  76. ^ "Faraday Future's First Production FF 91 Vehicle Comes off the line at its FF ieFactory California, and Kicks off the Final Launch & Delivery Campaign". www.ff.com. Retrieved June 23, 2023.
  77. ^ "Faraday Future Starts Production of the FF 91 Futurist Alliance at its FF ieFactory California". www.ff.com. Retrieved June 23, 2023.
  78. ^ "Faraday Future and the First Spire Users that Represent the U.S. Luxury Real Estate Business, Celebrities and Luxury Car Business Launched the FF 91 2.0 Owner Developer Co-Creation Plan, and Promoted tha Ultimate AI TechLuxury Mobility Transformation". genesis-cdn.ff.com. Retrieved June 23, 2023.
  79. ^ "FF Officially Delivered the Very First FF 91 2.0 Futurist Alliance to its First Spire User and Kicks Off its August Developer Co-Creation Festival at Pebble Beach". genesis-cdn.ff.com. Retrieved October 9, 2023.
  80. ^ "Faraday Future Announces World Champion Race Car Driver Justin Bell as the First FF 91 2.0 Futurist Alliance User and Developer Co-Creation Officer of the Second Group of Users of the Company's Phase-2 Co-Creation Delivery". genesis-cdn.ff.com. Retrieved October 9, 2023.
  81. ^ "Faraday Future Announces World Champion Race Car Driver Justin Bell as the First FF 91 2.0 Futurist Alliance User and Developer Co-Creation Officer of the Second Group of Users of the Company's Phase-2 Co-Creation Delivery". genesis-cdn.ff.com. Retrieved November 9, 2023.
  82. ^ "Faraday Future Continues Deliveries of the FF 91 2.0 Futurist Alliance, Today Delivering to Celebrity Agent Kelvin Sherman during the "919 Developers AI Co-Creation Festival", Announces its First Female User and Developer Co-Creation Officer, Entrepreneur and Star of the Popular Netflix Show "Selling Sunset" Emma Hernan, and Regaining Nasdaq Compliance". genesis-cdn.ff.com. Retrieved October 9, 2023.
  83. ^ "Faraday Future Delivers the FF 91 2.0 Futurist Alliance to YT Jia, Company Founder and Chief Product and User Ecosystem Officer at its "Delivery Co-Creation Day"". genesis-cdn.ff.com. Retrieved October 9, 2023.
  84. ^ "Faraday Future (FFIE) Stock Adds Another 100% in Giant Short Squeeze Rally". markets.businessinsider.com. Retrieved May 17, 2024.
  85. ^ "Our Team". Faraday Future. Archived from the original on February 1, 2020. Retrieved January 31, 2020.
  86. ^ a b c Edelstein, Stephen (January 11, 2017). "Why Faraday Future's luxury electric car is named FF 91". Green Car Reports. Archived from the original on January 12, 2017. Retrieved January 12, 2017.
  87. ^ a b Vijayenthiran, Viknesh (February 15, 2018). "Faraday Future teases second SUV at supplier meeting". Motor Authority. Archived from the original on February 22, 2018. Retrieved February 21, 2018.
  88. ^ a b Moore, Robert (January 4, 2017). "Faraday Future's first production model will give the Tesla Model S one hell of a fight". TopSpeed.
  89. ^ Warren, Tamara (January 4, 2016). "This is Faraday Future's ridiculous 1,000-horsepower electric concept car". The Verge. Archived from the original on March 1, 2018. Retrieved March 1, 2018.
  90. ^ Fink, Greg (January 2017). "Meet the Faraday Future FF91, the Most Advanced EV Ever (If It Reaches Production)". Car and Driver. Archived from the original on February 22, 2018. Retrieved February 21, 2018.
  91. ^ Blanco, Sebastian (August 28, 2018). "Faraday Future's First Pre-Production FF 91 Is Here". Forbes. US. Archived from the original on August 29, 2018. Retrieved August 30, 2018.
  92. ^ Glon, Ronan (January 7, 2020). "Faraday Future FF91: driving the car that nearly didn't happen". Autocar. UK. Retrieved August 18, 2024.
  93. ^ Doll, Scooter (March 9, 2023). "Faraday Future Q4 and full 2022 results: FF 91 SOP this month pending millions in funding". Retrieved April 11, 2024.
  94. ^ Garlitos, Kirby (February 19, 2018). "Faraday Future Teases A New Model, The FF81, At A Supplier Meeting In California News". TopSpeed.
  95. ^ Krok, Andrew (November 13, 2018). "Faraday Future will build its second car in the US, may go public in 2020". Road Show. US. Archived from the original on March 21, 2019. Retrieved March 21, 2019.
  96. ^ Onawole, Habeeb (November 14, 2018). "Jia Yueting announces Faraday Future IPO scheduled for 2020, mentions new FF81 model". Gizmo China. Archived from the original on March 21, 2019. Retrieved March 21, 2019.
  97. ^ "Faraday Future plans production of FF81 at former GM plant in South Korea from 2024". GM Authority. February 11, 2022. Retrieved February 29, 2024.
  98. ^ "EV maker Faraday Future raises USD 45 million in debt financing". KrASIA. October 16, 2020. Retrieved October 27, 2020.
  99. ^ Lambert, Fred (November 11, 2016). "Faraday Future releases specs for Formula E electric race car: ~$350k, 0-62mph in 2.9s, top speed of 150mph". US: Electrek. Archived from the original on February 2, 2017. Retrieved January 26, 2017.
  100. ^ O'Kane, Sean (February 23, 2017). "Faraday Future will race the FF91 at Pikes Peak". The Verge. US. Archived from the original on May 18, 2017. Retrieved February 22, 2018.
  101. ^ Blanco, Sebastion (February 16, 2017). "Faraday FF 91 will challenge Tesla Model S P100D at Pikes Peak". InsideEVs. US. Archived from the original on August 31, 2017. Retrieved February 22, 2018.
  102. ^ "Ten teams entered for the 2016–17 FIA Formula E Championship". FIA Formula E Championship. Fédération Internationale de l'Automobile. July 1, 2016. Archived from the original on July 4, 2016. Retrieved July 4, 2016.
  103. ^ Lambert, Fred (November 11, 2016). "Faraday Future releases specs for Formula E electric race car: ~$350k, 0-62mph in 2.9s, top speed of 150mph". Electrek. Archived from the original on November 12, 2016. Retrieved November 12, 2016.
  104. ^ O'Kane, Sean (August 31, 2017). "Faraday Future to take a reduced presence in Formula E". The Verge. Archived from the original on September 1, 2017. Retrieved November 12, 2016.
  105. ^ Schrader, Stef (November 27, 2017). "Faraday Future Is Out Of Formula E: Report". Jalopnik. Archived from the original on November 28, 2017. Retrieved November 12, 2016.
edit