Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
Faraday Future to launch EV sales next year
Automotive News China | 2018/9/25

Faraday Future, an electric vehicle startup founded by Chinese entrepreneur Jia Yueting in Los Angeles, has opened orders and plans to begin selling its first product, the FF 91 luxury crossover, sometime in the first half of next year.

¡°The order book for FF 91 early users ¨C also known as ¡®FF Futurists¡¯ ¨C is open with first deliveries commencing during the first half of 2019,¡± the company said in a statement last week.

Faraday Future is set to officially kick off production of the FF 91 at a leased plant in Hanford, Calif., this month.

The connected EV can accelerate to 60 mph within 3 seconds and drive for more than 300 miles on one charge, according to the company.

With the start of FF 91 production, the company says the Hanford plant has attracted a ¡°new wave¡± of talent, including engineers from other automakers such as Tesla Inc., Honda Motor Co., General Motors and Ford Motor Co.

Faraday Future also expects to assemble the FF91 at a factory under construction in the south China city of Guangzhou with investor Evergrande Health Industry Group.

The EV startup, facing a severe cash crunch, was on the brink of bankruptcy this year. In June, Evergrande Health Industry Group, the health care subsidiary of China¡¯s second-largest property developer, China Evergrande Group, acquire 45 percent of Faraday Future for 6.7 billion Hong Kong dollars (5.9 billion yuan).

With the financial backing of Evergrande Health, Faraday Future plans to build five assembly plants in China with combined annual production capacity of 5 million EVs over the next decade.

Related Stories
  • China's EV market: Dispelling the myths
  •     --Published:2019/12/2
     
  • China's Arcfox to introduce next-gen crossover concept in Geneva
  •     --Published:2019/8/2
     
  • Koenigsegg teams with Saab successor to go electric
  •     --Published:2019/1/2
     
  • Evergrande Health takes 1.06B yuan stake in Chinese auto battery maker
  •     --Published:2019/29/1
     
  • Didi, BAIC form joint venture to work on green-vehicle projects
  •     --Published:2019/29/1
     
  • BP invests in Chinese electric vehicle charging platform
  •     --Published:2019/25/1
     
  • Germany backs r&d center for EV battery technology to rival Asia producers
  •     --Published:2019/25/1
     
  • Inside VW's blueprint to meet Beijing's quotas for EV output
  •     --Published:2019/25/1
     
  • EV startup Byton opens store in Shanghai
  •     --Published:2019/22/1
     
  • Magna opens engineering joint venture with BAIC's EV unit
  •     --Published:2019/18/1
     
  • Everybody wants to be the next Elon Musk (at least in China)
  •     --Published:2019/18/1
     
  • Who is buying EVs in China?
  •     --Published:2019/18/1
     
  • EV startup Nio delivers more than 11,000 vehicles since late June
  •     --Published:2019/18/1
     
  • Chinese health care company to buy 51% stake in Swedish EV maker NEVS
  •     --Published:2019/18/1
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ