The company is reportedly scaling back its ambitious plans.
Faraday Future started its life out in the U.S. as a mysterious automaker looking to build really fast electric cars. It was known that Faraday Future is backed by Chinese billionaire Jia Yueting, but late last year there were several reports the company was struggling. After debuting a radical concept at CES 2016, the company broke ground on a new facility in Las Vegas, promising a massive three-million square foot facility.
The company then went on to preview its first production car, the FF 91 at CES 2017. The all-electric Tesla fighter claims to go zero-to-60 mph in 2.39 seconds, making it one of the fastest-accelerating cars in the world.
Now, Reuters reports Faraday Future is getting more realistic with its plans in the U.S. Its factory will now be 650,000 square feet and is slated to open in 2019. Faraday Future’s initial product portfolio has also been scaled back from seven to two electric vehicles, while it is believed a dozen key U.S. executives have left the company in the last nine months.
Construction of the facility in Las Vegas stopped last fall due to missed payments to contractors and Nevada state officials. In addition, a number of suppliers and vendors have sued the automaker for non-payment including seat manufacturer Futuris.
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