Faraday Future Intelligent Electric, Inc. is still in the fight. Jia Yueting, known as YT Jia, founded the company in 2014, planning to put the first EV into production in 2017. It wasn’t until February 2022 that we saw the production version of the car now known as the FF91. A few more tornadoes hit
Shares of Faraday Future soared about 28% in premarket trading on Monday after the company said it had raised enough funds to start production of its electric luxury car, the FF 91 Futurist, in March. Deliveries, originally slated to start in late 2022, will now begin before the end of April, the company said on
Shares of Faraday Future Intelligent Electric tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The company is in talks with new and existing investors to raise the $150 million to $170 million in capital needed to start production in March
Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended trading. Chen, who was most recently the CEO of the company’s China division and has spent nearly two decades in the automotive industry, succeeds Carsten Breitfeld, who was removed from
Faraday Future Intelligent Electric said on Monday it had “substantial doubt” about its ability to continue as a going concern, adding that it is uncertain when it can complete first deliveries of its FF 91 luxury electric car. The company had earlier planned to start deliveries of the car in the fourth quarter of this
You know how phenomenal but ultimately failed crowdfunding projects like the Coolest Cooler or Skully AR-1 helmet went? A tantalizing product derailed by internal drama, management ineptitude, or overblown promises, supported by years of regular updates by the backers until the product either dies or shows up on a different retail platform under a different
Faraday Future Intelligent Electric said on Thursday a “misinformation campaign” has affected its fundraising efforts as the startup looks to start production of its FF 91 luxury electric car. “Threats that began with lawsuits have escalated to threats of physical violence and even death threats,” the company said, adding it was working with law enforcement
