Faraday Future to launch EV sales next year
Faraday Future, an electric vehicle startup founded by Chinese entrepreneur Jia Yueting in Los Angeles, has opened orders and plans to begin selling its first product, the FF 91 luxury crossover, sometime in the first half of next year.
“The order book for FF 91 early users – also known as ‘FF Futurists’ – is open with first deliveries commencing during the first half of 2019,” the company said in a statement last week.
Faraday Future is set to officially kick off production of the FF 91 at a leased plant in Hanford, Calif., this month.
The connected EV can accelerate to 60 mph within 3 seconds and drive for more than 300 miles on one charge, according to the company.
With the start of FF 91 production, the company says the Hanford plant has attracted a “new wave” of talent, including engineers from other automakers such as Tesla Inc., Honda Motor Co., General Motors and Ford Motor Co.
Faraday Future also expects to assemble the FF91 at a factory under construction in the south China city of Guangzhou with investor Evergrande Health Industry Group.
The EV startup, facing a severe cash crunch, was on the brink of bankruptcy this year. In June, Evergrande Health Industry Group, the health care subsidiary of China’s second-largest property developer, China Evergrande Group, acquire 45 percent of Faraday Future for 6.7 billion Hong Kong dollars (5.9 billion yuan).
With the financial backing of Evergrande Health, Faraday Future plans to build five assembly plants in China with combined annual production capacity of 5 million EVs over the next decade.
Faraday Future is set to officially kick off production of the FF 91 at a leased plant in Hanford, Calif., this month.
The connected EV can accelerate to 60 mph within 3 seconds and drive for more than 300 miles on one charge, according to the company.
With the start of FF 91 production, the company says the Hanford plant has attracted a “new wave” of talent, including engineers from other automakers such as Tesla Inc., Honda Motor Co., General Motors and Ford Motor Co.
Faraday Future also expects to assemble the FF91 at a factory under construction in the south China city of Guangzhou with investor Evergrande Health Industry Group.
The EV startup, facing a severe cash crunch, was on the brink of bankruptcy this year. In June, Evergrande Health Industry Group, the health care subsidiary of China’s second-largest property developer, China Evergrande Group, acquire 45 percent of Faraday Future for 6.7 billion Hong Kong dollars (5.9 billion yuan).
With the financial backing of Evergrande Health, Faraday Future plans to build five assembly plants in China with combined annual production capacity of 5 million EVs over the next decade.
