Faraday Future Breaks Plans For California Plant And Will Downsize Nevada Plant

Faraday Future has scrapped a plan to buy California land for an assembly plant, and is downsizing its Nevada factory.

The troubled Chinese electric carmaker is ending land purchase negotiations with Vallejo, a California city in the bay area.

The Gardena, Calif.-based company was going to supplement its main production plant in North Las Vegas, Nev., with the California location.

The future of the Nevada plant will be changing from an earlier plan. The company now says it has a “new strategy,” that will downsize the original building design to less than a third of the size. The company originally committed to build a three-million square foot assembly plant.

In February, Faraday Future said it was taking bids from contractors and was getting ready to start up the Nevada plant soon.

So far, nothing has gone up on that land. The factory had been suspended last fall when Faraday stopped paying some of its contractors.

A spokesman for the company said the electric car will go into production soon. Construction work at the assembly plant will begin “very soon,” he said.

SEE ALSO:  Faraday Future Parent LeEco Lands $600 Million; Construction to Resume on Nevada Factory?

The company grabbed a lot of attention last year showing of the FF 91 electric hypercar. Since late in the year, news has been coming out over internal struggles going on, including having a few top executives leave in frustration.

Chinese tech entrepreneur Jia Yueting, a major shareholder in Faraday, announced cutbacks to his LeEco company late last year. His company faces its own set of financial problems and doesn’t seem to have much offer Faraday at this time.

Los Angeles Times


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