Faraday Future is Getting More Realistic With Its US Plans
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.
SEE ALSO: Top 10 Supercars the Faraday Future FF 91 Claims to be Quicker Than
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.
[Source: Reuters]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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Look for this to join the myriad of failures in time ..........