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Archive for the ‘Faraday Future FF 918’ Category

PostHeaderIcon It’s Time To Say Goodbye to Faraday Future

Nick Sampson, one of the three co-founders of Faraday Future, has quit the company. Sampson’s departure comes a day after Peter Savagian, the company’s senior vice president of technology and product development, made his own beeline for the exits. If these departures aren’t bad enough, Faraday CEO Jia Yueting announced the anyone who started working for the company after May 1 would be placed on unpaid furlough. According to a report from CNBC, the furloughs begin in November, becoming the latest in a series of layoffs and salary cuts that have happened in recent months.

PostHeaderIcon Faraday Future Teases a New Model, the FF81, at a Supplier Meeting in California

Faraday Future took a bold step last week when it reportedly gave a preview of its second model, called the FF81. The reveal occurred at a supplier’s meeting the company hosted in its California headquarters. Not much is known about the car, but it is expected to be a smaller SUV compared to the FF91. The concept is being lined up to make its debut this year, and signs point to it taking place at the 2018 Beijing Motor Show in China this April.

You have to give credit where it’s due. Despite being engulfed in one issue after another, Faraday Future is pushing on with its business endeavors. At the very least, the supplier meeting that reportedly included over 100 suppliers, including Bosch, LG Chem, and Ricardo, is a positive sign that the company is still working to achieve its goals, outside noise notwithstanding. According to reports, the meeting also included discussions about the production timetable of the FF91, as well as talks about the company’s global strategy and future production plans.

If there’s one startup automaker that’s had the wildest roller coaster ride since its launch, it has to be Faraday Future. We’ve already documented the many ups and downs the company has been on in recent years, but it appears that it again has solid financial footing after receiving a series of investments in recent months, including a $1.5 billion investment from an investor based in Hong Kong.

“For now, the main concern is to kickstart production of the FF91, which the company is working on with the refurbishing of its facility in California.”

It remains to be seen if Faraday Future can get back on course with its production timetable. For now, the main concern is to kickstart production of the FF91, which the company is working on with the refurbishing of its facility in California.

It’s great news if Faraday really is out of the rut it’s been in the last year or so. The automaker made headlines last year when it unveiled the FF91 at the 2017 Consumer Electronics Show. It’s been tough sledding since then, but with these new investments and new product plans, brighter days may be on the horizon for the company. Let’s all hope Faraday sees the sunrise before another thunderstorm develops.

References


2018 Faraday Future FF 91 - image 700035

Read our full review on the 2018 Faraday Future FF 91.

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