Discloses Lease on Facility in Central California,
Hopes to Produce FF 91 Battery Car There in 2018
Faraday Future has leased a million-square-foot production facility in Hanford, Calif., from which it hopes to bring its fully battery-electric, high-performance FF 91 to market in late 2018. The plant “is strategically located between the country’s two largest EV markets, Los Angeles and Silicon Valley,” Faraday said.
The company had announced plans for a billion-dollar factory outside Las Vegas but now says it’s “shifting its manufacturing focus to a turn-key facility that offers a faster path to production.” Reports indicate that financial problems stymied the Nevada plans, and that a loan of some $14 million with Faraday’s headquarters as collateral is keeping the company afloat.
“Our new production facility is the latest demonstration of our commitment to getting FF 91 on the road by the end of 2018,” Faraday global manufacturing VP Dag Reckhorn said in a release. “Despite significant head winds on the path ahead of us, we are laser-focused on that one key milestone.”
The high-power, high-connectivity FF 91 is expected to be priced at $100,000 or more.
“We know there is a lot of work and risks ahead,” Faraday COO/CFO Stefan Krause says in the Hanford release.
Faraday’s not saying whether it expects to notch any fleet sales.
Source: Faraday Future with Fleets & Fuels follow-up