[ad_1] However, you won’t want to drive this EV — It doesn’t have a warranty and isn’t exactly optimized for comfort. The interior is pretty bare and there’s not much of a dashboard. This vehicle’s real value is in its collectability. Those who bid won’t be vying for their next commuter vehicle, but for literal […]
Category: faraday future
Faraday Future founder files for Chapter 11 bankruptcy
[ad_1] In the proposed plan, Yueting will use his ownership stake in the long-troubled, cash-strapped EV startup Faraday Future to create a creditor trust and repay his debts. That’s not a total surprise. Last month, Yueting stepped down as CEO in order to create this trust. According to Faraday Future, the restructuring will not affect […]
Faraday Future CEO will reportedly resign as part of restructuring plan
[ad_1] The company hasn’t delved into specifics for the restructuring strategy, according to the report, but said this would likely involve a partnership. We’ve asked Faraday Future for comment. However well a restructuring works, the departure of Jia Yueting could play a crucial role in the company’s chances — or at least, its perception. The […]
Faraday Future pins hopes on China-exclusive EV
[ad_1] Still in its conceptual stages, the first pre-production V9 is expected in 2020 and will be sold exclusively in China. Faraday signed a $600 million dollar deal with The9 back in March to build an EV exclusively for sale in China. The two companies aim to release 300,000 of the V9s per year. The […]