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Faraday Future stops factory construction to afford CES

The company is struggling with certain financial problems for a while now
By: Lana Jelic | Technology in Vehicles News | Posted: Jan 17, 2017 3:27 pm

At this year's CES, Faraday Future unveiled their highly anticipated electric vehicle - the FF 91. The FF91 is their first production vehicle, and the company plans for it to compete directly with Tesla.

 

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However, the company is struggling with certain financial problems for a while now and although the production of the FF 91 is planned for 2018, we will see if the company will stick with that schedule.

 

The electric car has attracted a lot of interest, and the company announced that in only 36 hours they have collected 64,124 reservations.

 

Faraday Future had a huge event at CES, with Ferrari and Tesla on stage, but it has now been revealed that the flashy event came at a cost. The company had to stop the construction of their factory in order to afford the CES press event.

 

Faraday Future's senior vice president of research and design, Nick Sampson, told the BBC that the company was facing challenges and explained that they are resource-limited at times. He didn't comment on when work at their factory should resume.

NEWS SOURCES:Bbc.com

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