Faraday Future Says Its First Car Will Go Into Production Next Summer In the Central Valley

Zac Estrada

Zac Estrada is a reporter covering transportation, technology and policy. A former reporter for The Verge and Jalopnik, his work has also appeared in Automobile Magazine, Autoweek, Pacific Standard, Boston.com and BLAC Detroit. A native of Southern California, he is a graduate of Northeastern University in Boston. You can find him on Twitter at @zacestrada.

Faraday Future Says Its First Car Will Go Into Production Next Summer In the Central Valley

After a string of funding problems that have delayed the release of its first car, Faraday Future announced Tuesday that production would start by July 2022 at an assembly plant in Central California.


Irvine-based architecture firm Ware Malcomb is set to finalize the building's design and engineering for an automobile plant in Hanford, California. Faraday says the 1.1-million square-foot building can produce 10,000 vehicles per year when it's up and running.

Faraday Future, which announced a $3.4 billion SPAC merger in January with Property Solutions Acquisition Corp (PSAC), said last March a $100 million debt financing would allow it to begin production on the FF91 electric vehicle in Hanford. Until now, it hasn't delivered on its production promises for the consistently delayed luxury EV.

"FF has already completed significant investment at our Hanford manufacturing facility, and with the additional funding from our merger with PSAC, we anticipate that the plant will be up and running in the near future," CEO Carsten Breitfeld said in the announcement.

Faraday Future's Facility in Hanford, California

The luxury FF91 SUV is set to compete with vehicles like the Tesla Model X. Faraday promised the FF91 would go from 0-60 mph in 2.4 seconds, while it featured a tech-heavy interior. Customers were asked to put down $5,000 for a refundable deposit for the car that most recently was supposed to begin production at the end of 2020.

The Gardena-based startup will also work with Tesla manufacturing partner Myoung Shin to make more vehicles in South Korea, including models other than its 1,050-horsepower debut electric car. Faraday said it secured a former General Motors plant there for additional production capacity, although it didn't specify on production capacity.

The company was founded in 2014 and showed a high-performance electric supercar at the 2016 Consumer Electronics Show in Las Vegas. But the following year, it unveiled the more mainstream FF91.

It leased the Hanford facility in 2017 after canceling plans to build a $1 billion plant near Las Vegas, even though construction had already started. But money problems had beset Faraday Future since 2016 and continued to delay the start of production for the FF91 and other models were dropped from its plans. The company furloughed hundreds of workers in 2018 and sold its Gardena headquarters in 2019 to raise cash.

Its co-founder and former CEO, Jia Yueting, was also caught in a financial scandal. His assets in China were frozen and he moved to California permanently, where he spent millions on homes and other purchases. Jia filed Chapter 11 bankruptcy in the United States in 2019.

The controversy with Jia also resulted in then-chief technology officer Ulrich Kranz and chief financial officer Stefan Krause to leave the company. Kranz and Krause later founded Torrance-based Canoo Inc. (Kranz recently left Canoo for Apple).

Faraday Future didn't elaborate on how many additional vehicles it hopes to produce in South Korea or how many additional markets it plans to enter, but the company said it's brought on key people to ramp-up assembly. In March, the company hired a former Jaguar Land Rover executive to establish operations in China.

Subscribe to our newsletter to catch every headline.

Cadence

Ex-Disney Execs’ Candle Media Buys Social Media Company ATTN: for $100M

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Ex-Disney Execs’ Candle Media Buys Social Media Company ATTN: for $100M
Photo provided by ATTN:

Candle Media, the firm run by ex-Disney execs Kevin Mayer and Tom Staggs, has bought social media creative company ATTN: for $100 million.

Los Angeles-based ATTN: (pronounced “attention”) produces content geared toward Gen Z and Millennial viewers. The company has created original series for Facebook, TikTok, and Twitch, as well as TV networks like ABC and NBC, and streaming services like Hulu and Apple TV. Launched in 2014, ATTN:’s brand studio and creative agency has also worked with Amazon, Ford and Google, among others.

Read more Show less

Marijuana and the Metaverse: How LA Cannabis Startups Are Lighting Up the Virtual Realm

Nick Kazden
Nick Kazden is a freelance writer who lives and writes in Los Angeles.
Marijuana and the Metaverse: How LA Cannabis Startups Are Lighting Up the Virtual Realm
Image courtesy of Crypto Cannabis Club

With West Hollywood becoming a hub for cannabis consumption lounges and many Silicon Beach companies embracing virtual reality, it was only a matter of time before two of Los Angeles’ two burgeoning industries started mingling.

Read more Show less

Tech Is Upsetting the Table at This Year's Upfronts

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.

Tech Is Upsetting the Table at This Year's Upfronts
Netflix and Google Are Poised to Dominate L.A. After the Pandemic

Are the upfronts turning into TV execs’ personal “Black Mirror'' episode?

The annual feeding frenzy—in which C-suite television executives auction off highly-viewed (and costly) advertising time slots— is changing as new streaming behemoths shake up the market. The event often gives viewers and industry watchers insight on what shows are poised to become cultural phenomena, but that too seems to be disrupted at this year’s proceedings.

It’s been two years since major networks and television players convened in New York for a week, and it’s clear that technology is going to change a lot about how the process works.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending