Faraday Future
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Much 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 before them Edison Electric and Westinghouse. DON'T MISS: Why Tesla's Elon Musk Must Sell 6 Million Electric Cars To Make History Automobile makers were startup companies 100 years ago, though even then consolidation had started. In 1917, more...
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Faraday Future, short on cash, to leave Formula E electric-car race series: report
Faraday Future may abandon its Formula E racing efforts to save precious funds as the electric-car startup company scales back many of its ambitious plans. The FIA Formula E series, which will receive an influx of new competitors in 2019, has become a de facto arena for automakers to test battery...
Sean Szymkowski -
Faraday Future gets $14 million; factory moved to CA from Vegas
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...
Sean Szymkowski -
Faraday Future FF91: electric luxury sedan sets Pikes Peak record storming up mountain (video)
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...
Sean Szymkowski -
Aston Martin RapidE electric luxury sedan delayed to 2019 as Williams replaces Le Eco
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...
John Voelcker -
What Tesla hath wrought: bumper crop of luxury electric cars
It 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...
Stephen Edelstein -
The state of Nevada has been fairly generous to startup electric-car makers that pledge to establish manufacturing operations within its borders. After offering a generous incentive package several years ago, the Silver State landed Tesla's lithium-ion battery "Gigafactory," which is now up and running just outside Reno. Then it lured the Chinese-backed startup Faraday Future and its planned assembly plant, which broke ground in North Las Vegas last year. CHECK OUT: Faraday Future vs Nevada treasurer: electric cars vs taxpayer protection (Jul 2016) That plant is now stalled amidst reports of...
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Bowing to inevitable, Faraday Future scales back plant plans
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...
Stephen Edelstein -
Faraday has 64,000 reservations: why they're different from Tesla's
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...
Stephen Edelstein -
Faraday Future FF 91 electric car to cost almost $300,000?
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...
Stephen Edelstein -
Why Faraday Future's luxury electric car is named FF 91
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...
Stephen Edelstein -
Faraday Future unveils FF 91, its first production electric car; deposits open, no price given
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...
Andrew Ganz -
Numerous electrified cars are expected to debut at CES this year.
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Faraday Future falls further: two execs depart, CES car still due
Two Faraday Future executives resigned last week, adding to the startup's troubles.
Stephen Edelstein -
Faraday Future halts factory work, hopes to resume early 2017 (update)
Work on Faraday Future's Nevada factory has stopped.
Stephen Edelstein -
Faraday Future backer LeEco is running out of cash, CEO admits
Chinese billionaire Jia Yueting says his LeEco tech company has overextended itself.
Stephen Edelstein -
Faraday Future electric crossover teased before CES debut (video)
Faraday Future released a teaser video for its upcoming electric car.
Stephen Edelstein -
Faraday Future imperils electric-car factory, misses payment to contractor
Faraday Future missed payments to lead contractor AECOM.
Stephen Edelstein -
Faraday Future will unveil its first production model at CES in January.
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Atieva Atvus electric car image emerges; is it Tesla competition?
There's no shortage of putative rivals to electric-car maker Tesla Motors, from German luxury makers to other California startups. Thus far, of course, none have actually put a car on sale—unlike Tesla, which has sold somewhere north of 125,000 cars since 2008. One of the least-known is...
John Voelcker -
LG Chem logs another electric-car win: Faraday Future to buy batteries
Faraday Future will get lithium-ion battery cells from LG Chem.
Stephen Edelstein -
Is this Faraday Future's all-electric Tesla Model X fighter?
A mysterious camouflaged vehicle spotted in Los Angeles could be Faraday Future's first electric car.
Stephen Edelstein -
Karma, Faraday plan large Chinese electric-car factories
Karma parent Wanxiang and Faraday Future backer LeEco are both planning Chinese electric-car factories.
Stephen Edelstein -
Faraday Future vs Nevada treasurer: electric cars vs taxpayer protection
Self-made millionaires often possess an innate belief that they can create products and companies where none existed before. But with companies come factories, and with factories come tax breaks, and with tax breaks come inconvenient questions from government officials. Which is how Faraday Future...
John Voelcker