Home / Auto / Due to financial problems Faraday Future reduced initial portfolio to 2 models of electric vehicles

Due to financial problems Faraday Future reduced initial portfolio to 2 models of electric vehicles

Presentation last month, company Faraday Future at CES 2017 electric supercar FF 91 was marred by several lawsuits and reports about the current financial problems. In this regard, there was even doubt that the electric car will be able to bring to production. The company continues to prepare FF 91 mass production, but its plans for a factory worth $1 billion have become much more modest. Last year the company announced plans to build a plant with total area of 3 million sq ft on the land in Nevada. However, the Manager of North Las Vegas announced that the plant will be much smaller — with an area of 650 sq feet (60 to 390 square feet), its construction will begin this year. The company says it still plans to build the factory according to the original plan, but it will be done in several stages.
The plant will be ready only in 2019, and its production capacity will reach 10,000 vehicles per year, although earlier it was planned to run the plant at the end of 2017 and to produce 150,000 units of electric cars. However, given the fact that the cost of the FF 91, expected to be in the United States about $200,000, would be a big surprise if the plant produced during the year more than 10,000 electric cars.
It is also reported that the company reduced its range to 2 electric vehicles, although initially planned 7 models. Yet Faraday Future is going to release a FF model 91 and less expensive crossover FF 8x
Remarkably, amid the problems Faraday Future in the United States, Chinese LeEco, providing financial support, laid the first brick in the Foundation of the plant cost $3 billion to produce cars.

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