The startup is meeting with potential investors.
Electric car startup Faraday Future could be on the ropes. In November, Jia Yueting, the CEO and founder of tech giant LeEco, Faraday Future’s Chinese backer, announced that his company was experiencing a cash crunch, due mainly to the major drain of Faraday Future as well as another electric car startup based in China. It was around this...
This week, China’s LeEco canned the majority of its North American workforce and we assumed the layoffs spelled trouble for its business interests at Faraday Future. Not so, claims the automotive startup. In an emailed response to our earlier article, Faraday says LeEco’s decision to massively scale back its U.S. Show More Summary
Electric car startup Faraday Future is trying to raise $1 billion as cash runs thin, Bloomberg's Giles Turner first reported. Faraday Future, once described as a potential "Tesla killer," has run into financial troubles due to its connection...Show More Summary
China’s Netflix equivalent, LeEco, confirmed it would be eliminating the better part of its North American workforce today. LeEco has recently gotten involved in a myriad of expensive tech-focused endeavors that have wound up screwing its finances six ways from Sunday. Show More Summary
To put it mildly, LeEco has had its fair share of trouble lately. It ran low on cash due to aggressive growth, backed out of its Vizio takeover and threw its weight behind Faraday Future's electric cars despite some overly ambitious plans. Show More Summary
Faraday Future has kept fairly quiet in the months following its January appearance at the Consumer Electronics Show in Las Vegas. The electric-car startup's showing earned some mixed reviews at the time. The event was not without glitches,...Show More Summary
We’re not going to recap all of Faraday Future’s staffing issues, financial hurdles, or uncouth business practices. If you’ve visited this website within the last year, you already know the company has some serious problems to overcome. Show More Summary
It’s been a while since we’ve heard from Faraday Future. In fact, the Chinese-backed electric car startup hasn’t announced any news since the reveal of its first car, the FF 91, during January’s 2017 Consumer Electronics Show. The absence of news coupled with delays in construction of its plant as well as talk of a cash...
The Drive: Faraday Future Confirms It's Not Dead Yet With New FF 91 Video Faraday Future, the Chinese-backed California electric-car startup, is rather like a submarine when it comes to news -- only rarely surfacing with details about its planned FF 91 luxury electric car. Show More Summary
FF 91 is an EV from Faraday Future. This video, first posted to the Faraday Future YouTube page, gives us one of our closest looks at the all-electric crossover. The automaker is scheduled to begin building production vehicles by 2018. Show More Summary
We’re nearly halfway through 2017, and as far as we know, Faraday Future still believes it’s going to restart production on its Nevada factory this year. The company’s dealing with lawsuits about its name, its website, and its alleged inability to pay contractors on time. But it has a production vehicle, the FF 91,… Read more...
The video may be interpreted as a Proof of Life attempt, but it does not quell any concerns over the company's financial viability.
Faraday Future may be falling apart, but that doesn't mean the company cannot produce a good video — and, possibly, build an attractive car. After a few months of silence, the company posted a new video on YouTube — aptly named "Emergence"...Show More Summary
Until now, the closest we've been was a demonstration at CES 2017.
Faraday Future, which spent 2016 as the automotive poster child for bad news, continues to face a myriad of problems. In this most recent hardship, we learn Faraday couldn’t even manage to choose a company name without stirring a legal backlash. Show More Summary
A couple months back, we had a funny story about a lawsuit filed against Faraday Future for allegedly failing to pay a broker it hired to coordinate a $1.5 million sale of the website ff.com. Faraday, an electric vehicle start-up with known financial struggles, couldn’t even pick a name without landing in court.… Read more...