[ad_1] However, you won’t want to drive this EV — It doesn’t have a warranty and isn’t exactly optimized for comfort. The interior is pretty bare and there’s not much of a dashboard. This vehicle’s real value is in its collectability. Those who bid won’t be vying for their next commuter vehicle, but for literal […]
Category: ff91
Faraday Future CEO will reportedly resign as part of restructuring plan
[ad_1] The company hasn’t delved into specifics for the restructuring strategy, according to the report, but said this would likely involve a partnership. We’ve asked Faraday Future for comment. However well a restructuring works, the departure of Jia Yueting could play a crucial role in the company’s chances — or at least, its perception. The […]
Faraday Future’s EV dreams live on with (another) bailout
[ad_1] “As part of the vendor program, Birch Lake has also provided financing to FF for the company to pay all past due amounts for approximately 60 percent of FF’s vendor base, including smaller vendors who are owed less than $20,000,” the company wrote. Meanwhile, larger suppliers will be able to exchange unsecured debt for […]
Faraday Future gets another lifeline to build EVs in China
[ad_1] The news is pretty surprising, considering Faraday’s messy relationship with its last partner, Chinese real estate firm Evergrande. That company promised $2 billion, but withdrew the offer after Faraday blew through the initial $800 million payment more quickly than expected. A promise of further financing collapsed, in part, over the condition that Faraday founder […]