17 Facts About Faraday Future

Faraday Future is an American start-up technology company focused on the development of electric vehicles, founded in 2014.

Faraday Future was founded by Chinese businessman Jia Yueting in April 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood adjacent to Carson, California.

Faraday Future announced in November 2015 that it would invest up to $1 billion in its first manufacturing facility.

In December 2015, Faraday Future settled on a location in North Las Vegas for its manufacturing site, to be built by AECOM for $500 million.

Faraday Future originally planned to launch its first fully electric vehicle in 2017, with the possibility of producing a larger range of vehicles over time.

Related searches

Faraday Future has implied plans to explore other aspects of the automotive and technology industries, such as alternative ownership and usage models, in-vehicle content, and autonomous driving.

In July 2015, Motor Trend revealed tentative specifications for Faraday Future's proposed electric vehicle: it will have 15 percent higher specific energy than a Tesla Model S, it utilizes a multi cell solution where both individual cells and groups of cells can be replaced, and it will have a modular design for improved mass-production methods.

Faraday Future planned to begin testing self-driving vehicles on California roads after winning approval from California in June, 2016.

Faraday Future unveiled its luxury model FF 91 130 kWh crossover vehicle, its first production vehicle, at the January 2017 US Consumer Electronics Show, with connected car features.

Faraday Future had failed to fund even relatively small escrow accounts, which led to some analysts doubting the company's financial solidity and overall investment strategy.

Faraday Future suspended work on its Nevada site in November 2016 until the first $300 million of a claimed $600 million in funding would be realized.

In May 2019 it was reported that Faraday Future was undergoing restructuring and in June the company fired dozens of employees on unpaid leave.

In January 2021, Faraday Future announced that the company would go public through a reverse merger with special purpose acquisition company Property Solutions Acquisition Corp.

Faraday Future was expected to set up contract manufacturing operations in China through their partnership with Geely.

Faraday Future raced a "beta level development" FF91 in the exhibition class race at the June 2017 annual Pikes Peak International Hill Climb in Colorado; the class includes a performance-tuned Tesla Model S P100D.

Faraday Future joined the FIA Formula E Championship for electric-powered cars through a collaboration with the existing Dragon Racing team, American, for the series' third season, beginning in October 2016.

Faraday Future said it would maintain a technical relationship with the team.