Faraday Future Finally Buys a Factory for Its Electric Cars
Faraday Future, a company dedicated to building electric vehicles but often stymied by cash problems, has apparently answered one its biggest questions: where its cars of the future will be built. The company has acquired a 55-year-old former Pirelli factory in Hanford, California, around 200 miles north of Los Angeles.
It's a victory for Faraday, which has seen its share of ups and downs. For every 1,000-horsepower concept car shown on stage, there have been problems getting the cars to self-park. For all the Tesla employees Faraday has poached, the company has yet to produce an actual, mass-produced car. The announcement this year of the FF 91, a four-door sedan with an ability to go from 0-60 mph in 2.39 seconds and an 130-kilowatt battery, is supposed to change that. The new plant should allow them to finally build something.
"The car industry that has made all of us proud for 130 years has to be replaced," said Nick Sampson, a senior vice president, told CNN earlier this year. "We're creating a category of technology that has never existed before, a new species."
That new species was originally supposed to be built in Nevada, where the company had once announced plans for a million-square foot plant. But the plan, which included over 13,000 Nevada jobs, had to be scrapped once the company's CEO, Chinese billionaire Jia Yueting, ran into financial issues.
It's a little funny that Faraday has bought a Pirelli plant, albeit one that's been more or less abandoned since 2001. The two companies have been engaged in a legal copyright fight over the use of the word "zero."
Source: The Verge
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