Faraday Future stops factory construction to afford CES

The company is struggling with certain financial problems for a while now.

@LanaJelic
Published Tue, Jan 17 2017 9:27 AM CST   |   Updated Tue, Nov 3 2020 11:56 AM CST

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.

Faraday Future stops factory construction to afford CES | TweakTown.com

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 SOURCE:bbc.com

Lana has a passion for technology and science. She spends her time looking for the latest and most interesting technology and science news. Her passion is in gadgets, wearables, and other cool and interesting applications of technology or science. She also spends her free time gaming in MMOs like World of Warcraft. She has prior experience covering technology for publications and breaking news. If she’s not doing either, you might just find her exploring the metaverse in VR. Lana wants to expand TweakTown’s coverage of mobile, wearables and gadgets while also bringing her experience with science and general tech to TweakTown. Her area of coverage is around science, technology, smartphones, wearables, and general neat gadgets. She hopes to one day be able to drive around in her self-driving car while she schedules an appointment for a SpaceX trip to the moon on her smartwatch.

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