Faraday Future cancels California plant as it struggles to finish first factory

Faraday Future FF 91
Dan Baker/Digital Trends
Despite unveiling its FF 91 electric car at CES 2017 after a year of teases, the future doesn’t look too bright for Faraday Future.

The Chinese-backed startup has struggled to get construction of its Nevada factory underway, and is now reportedly canceling plans for a second factory in California. Faraday entered into negotiations with officials in Vallejo last year over a site in the former Mare Island naval shipyard. But the company did not exercise an option to buy the 157-acre property.

In a statement released to TechCrunch, Faraday said it had ended its exclusive negotiating rights with the city of Vallejo, but that it would “stay in contact with the city, and remains interested in acquiring land on North Mare Island in the future.” Faraday originally planned to build both a factory and “experience center” at the site, and said its own studies indicated the former shipyard would be adequate for both facilities. It did not say why it opted out of buying the land at this time.

Not that the company doesn’t have other issues to focus on. Faraday broke ground on its factory site in North Las Vegas, Nevada, in April of last year, but little work at the site has been completed since then. Construction ground to a halt last fall amid a dispute between Faraday and its lead contractor over payments. In its statement on the Mare Island site, Faraday said it “plans to restart construction at the North Las Vegas site very soon.”

Faraday’s financial health is largely dependent on Chinese billionaire Jia Yueting and his LeEco tech company. But Jia admitted late last year that this company’s numerous recent expansions had depleted cash reserves. Faraday said in February that it remains committed to investing $1 billion in the Nevada factory, but the company may have to downsize in light of LeEco’s cash issues.

The automaker will scale down its Nevada factory from 3 million square feet to 650,000 square feet, North Las Vegas city manager Qiong Liu told Reuters in February. Given how far the factory is from completion, it’s also unclear exactly when production of the FF 91 will start. At CES 2016, Faraday said it would start building cars within two years, meaning by January 2018. That seems unlikely now.

Cars

Take a friend stargazing at 202 mph in the 2019 McLaren 720S Spider

McLaren has introduced the 2019 720S Spider. As its name implies, it's a convertible variant of the 720S coupe. The company promises the Spider retains the coupe's dynamism and agility thanks in part to the widespread use of carbon fiber.
Mobile

Upcoming Samsung Galaxy S10 trio may all have different camera setups

While we still may be months away from an announcement, there's no doubt about it: Samsung is working hard on its successor to the Galaxy S9. Here's everything we know about the upcoming Samsung Galaxy S10.
Gaming

How you can give your PS4 a fresh start with a factory reset

Learn the many ways you can factory reset your PS4. From reverting your settings to factory to doing a full wipe and reinstalling the latest PlayStation firmware, we cover it all here, step by step.
Mobile

5G’s arrival is transforming tech. Here’s everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.
Computing

Is your PC slow? Here's how to restore Windows 10 to factory settings

Computers rarely work as well after they accumulate files and misconfigure settings. Thankfully, with this guide, you'll be able to restore your PC to its original state by learning how to factory reset Windows.
Cars

Gateway’s born-again Ford Bronco boasts classic style, 2018 muscle car power

Illinois-based Gateway Bronco has received a license from Ford to make brand-new examples of the first-generation Bronco. Every build starts with a Ford VIN and a donor vehicle, but Gateway upgrades every part of the car.
Product Review

The 2019 Porsche Macan S is a luxurious and quick SUV, but it's no road tripper

The roster of models challenging the Porsche Macan grows annually. The German firm updated its smallest, most affordable SUV with a new engine, more tech features, and subtle design tweaks to keep it looking fresh.
Cars

Bloodhound’s plan to build a 1,000-mph car has run out of gas

The Bloodhound supersonic car (SSC) project has officially shut down. The upside is you can now buy a 135,000-horsepower car powered by a jet engine and a cluster of rockets for $319,000.
Cars

2019 Ford Ranger saves fuel without sacrificing towing capacity

The 2019 Ford Ranger marks Ford's long-awaited return to the midsize truck segment, which has seen a resurgence lately. But will being late to the party make Ford's job more difficult?
Cars

Pininfarina Battista is a 1,900-horsepower, 250-mph electric supercar

The Pininfarina Battista will be the first production car from famed Italian design firm Pininfarina. Named after company founder Battista Pininfarina, it has a claimed 1,900 horsepower and a $2.5 million price tag.
Cars

Tesla could show the electric pickup Elon Musk is dying to build in 2019

Tesla has started designing its long-promised pickup truck. The yet-unnamed model will come with dual-motor all-wheel drive and lots of torque, plus it will be able to park itself.
Cars

Allegro.ai is helping Hyundai mine the artificial intelligence gold rush

In November 2018, Hyundai invested in a startup named Allegro.ai. We talked to the company's founder to learn more about what that means for consumers in the not-too-distant futures.
Emerging Tech

With this robotic garage, retrieving your car is like using a vending machine

Remembering where we parked our cars can be a real pain. But what if our cars came to find us, rather than the other way around? A new automated robot parking valet system aims to help.
Cars

Thinking of opting for a car with a diesel engine? Here's what you need to know

Modern diesel-powered models prove that it is possible to build a clean, efficient diesel engine without sacrificing performance. Here's what you need to know about diesel cars, and how they differ from gasoline-powered models.