Faraday Future Overview Updated August 27, 2019

Faraday Future

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110 'Faraday Future' stories

July 2015 - August 2019

Faraday Future is an electric vehicle startup based in California. It was founded and it is being primarily financed by Chinese billionaire Jia Yueting.

Founded only in 2014, the company already has around 1,000 employees and reportedly raised 100s of millions.

It started construction on a $1 billion electric vehicle factory in North Las Vegas and plans to bring its first vehicle to market with the next 2-3 years.

Faraday Future Stories August 27

Faraday Future CEO Jia Yueting is reportedly finally stepping down from his role at the electric vehicle startup as part of a restructuring into a partnership. expand full story

Faraday Future Stories July 3

Rivian has grown to employ 750 people, with a new report detailing the startup’s recent hires from Tesla, Ford, and McLaren — but most notably, an influx of new employees from fading EV startup Faraday Future.

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Faraday Future Stories June 13

Evergrande, a Chinese firm believed to be the biggest real estate company in the world and backers of electric vehicle startups like Faraday Future and NEVS, announced a massive $23 billion investment in the production 1 million electric cars and 500 GWh of batteries per year. expand full story

Faraday Future Stories April 30

After years of trouble trying to bring its first electric vehicle to market, Faraday Future (FF) is still surviving as it announces a new $225 million bridge loan, but a bridge to where? expand full story

Faraday Future Stories January 2

Faraday Future, once seen as the main EV startup, had a tough 2018, but it announced that it closed out the year by settling its dispute with its main investor.

Though it doesn’t mean that it’s out of the woods just yet. expand full story

Faraday Future Stories December 5, 2018

Following a significant fallout with its main investors, Faraday Future is running out of cash and it is on the brink of bankruptcy.

The startup now says that it can’t pay employees and it is putting more of them on furlough. expand full story

Faraday Future Stories October 30, 2018

Faraday Future’s story has been a roller-coaster. Once seen as the number one EV startup, it has since been crippled by severe financial and management problems.

It seems like the startup was finally out of the woods after a large Chinese holding company promised a massive $2 billion investment in Faraday Future, but after a fallout with the investors, the company recently had to lay off employees and cut salaries. expand full story

Faraday Future Stories August 29, 2018

With the recent cash injection, Faraday Future is moving forward with the production of the FF91 electric vehicle.

The startup has now unveiled the first pre-production FF91 – pictured above – assembled at its factory in Hanford, California. expand full story

Faraday Future Stories August 15, 2018

In a strange move announced this week, Evergrande Health, a large Chinese holding company that recently invested $2 billion in EV startup Faraday Future, reportedly took over the Chinese operations of the electric vehicle startup. expand full story

Faraday Future Stories July 24, 2018

We haven’t heard much from Faraday Future in 2018 as the troubled EV startup was trying to secure an important round of funding in order to get out of its seemingly constant financial troubles.

Now the company claims to be flush with cash after a $2 billion investment and they are getting ready to put the focus back on the FF91 all-electric crossover as they now test the vehicle at high-speed. expand full story

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