Faraday Future Is Planning a New Factory in China

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Faraday Future Is Planning a New Factory in China
Faraday Future Plans to Launch Its First Electric Car This Fall
Beleaguered electric automaker Faraday Future is planning to open a new plant in China.

In an investor presentation filed with the SEC on Wednesday, the Gardena-based company said that it intends to open the factory as early as 2025, TechCrunch reported. While Faraday has yet to determine a specific location, it said the new plant should help it cut costs and lead times and reduce supply chain issues as it expands into the Chinese market. The facility will also house the company’s Chinese headquarters.

The factory will produce Faraday’s second and third vehicle models, the FF 81 and the FF 71, and will complement the automaker’s 1.1-million square-foot plant in Hanford, Calif., which is slated to open in July and eventually churn out 10,000 vehicles annually. In February, the company also announced a partnership with South Korean auto manufacturer Myoung Shin to help produce the FF 81.

Faraday plans to finally launch its first electric car, the FF 91, this fall—though it recently disclosed that it had only received 401 pre-orders for the vehicle by the end of March. The underwhelming response has been yet another blow for a company that’s had no shortage of issues in recent years—from financial troubles and leadership shakeups to investor lawsuits and regulatory probes.

Representatives for Faraday Future did not immediately return a request for comment.

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Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients
Courtesy of Regard

Culver City-based health care startup Regard, which uses AI-driven software to help physicians accurately diagnose patients, has raised $15.3 million in Series A funding.

Pasadena-based Calibrate Ventures and Colorado-based Foundry Group led the investment in Regard, formerly known as HealthTensor. Other investors that participated in the round include TenOneTen Ventures, Susa Ventures, Brook Byers of Byers Capital and Dropbox CEO Drew Houston. The new funding will be used to grow Regard’s team and customer base, the company said in a press release.

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This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund
Image by Joshua Letona

This week in “Raises”: A local healthcare startup secured funding to help grow the team and deploy its software to more physicians and hospitals, while Black-led, seed-stage venture capital firm surpassed its goal for its second fund.

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Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups
Photo courtesy of the Port of Los Angeles.

San Pedro-based Braid Theory is one of the growing number of accelerators in the country looking to grow the so-called blue economy, which spans a range of ocean-related industries and is estimated at $2.5 trillion a year.

The accelerator is accepting online applications until July 18, with its second-ever program kicking off in August.

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