Archive for the ‘Faraday Future’ Category

Faraday Fritters Away Funding, Future Fading Fast — Again

Company not paying vendors while fighting with investor.

by on Oct.08, 2018

More than 300 Faraday workers gathered at the plant last weekend to help clean it up.

Less than a year after it was rumored to be out of money, budding electric vehicle maker Faraday Future appears to be out of money again — even after getting an $800 million infusion from a Chinese conglomerate.

According to a filing with Hong Kong Stock Exchange, the healthcare division of Chinese real estate group Evergrande is accusing Faraday Future founder and CEO Jia Yueting of trying to back out of the deal the two sides made in January.

News Now!

Evergrande officials claim that Jia blew through the $800 million and wanted another $700 million, and say they will take “all necessary actions” to protect itself and its shareholders. Conversely, Jia claims the company agreed to make two payments and after making the first, is trying to get out of the second, a $700 million payment due in 2019. (more…)

Faraday Future Takes Next Step Toward Production

Company completes body-in-white.

by on Aug.24, 2018

Faraday Future took another step toward production of its its FF 91 model, producing the body-in-white.

Faraday Future, a startup company that is promising to build luxury electric vehicles, reports it has completed its first body-in-white as it prepares to complete building the company’s first vehicles this coming December.

Faraday officials said completing the first body-in-white, which involves fashioning a vehicle’s basic framework by using welds and rivets to shape the structure, marks a milestone for the company on its way to producing finished vehicles.

Product News!

A number of key suppliers are working with Faraday at its Arizona factory to beat the deadlines, Faraday officials said. (more…)

CES Focus Shifts From Smartphones, Smart TVs to Smart Cars

“The potential applications of...technology are incredible."

by on Jan.08, 2018

A Nissan engineer monitors a volunteer's brain activity while testing new brain-to-vehicle software.

Anyone who has driven a relatively recent-vintage vehicle has probably experienced the benefits – and occasional snags – of using voice control to plug in a destination, dial a call or change the radio station. But Nissan’s IMx concept vehicle aims to take things a step further. It uses brain-to-vehicle technology to respond to what the driver is thinking.

“The potential applications of the technology are incredible,” helping motorists relax more while driving, while also improving vehicle safety, said Dr. Lucian Gheorghe, senior innovation researcher at the Nissan Research Center in Japan.

LA Auto Show News!

While you’re not likely to see Nissan’s B2V technology wind up in showrooms for at least five to 10 more years, the automaker plans to demonstrate its potential during the CES show in Las Vegas next week. And Nissan won’t be alone. Formerly known as the Consumer Electronic Show, the annual gathering traditionally focused on gizmos and gadgets, smartphones, TVs, computers and drones. But over the last few years, it has become a showcase for the auto industry, as well.

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