Last year, Motoring Weekly wrote an article about the state of Faraday Future and how they were looking forward to a rosy future because they had secured a backer and had a factory in Nevada being built. August was a great time to be at Faraday with their FF-91 about to head into full scale production. In December, all that changed. The funding had dried up - which was a … [Read more...]
Faraday Future Gets Investment
I read a report a month or so ago that stated that Faraday Future - one of the Tesla Rivals I wrote about several years ago, has finally got hold of a new round of financing that (in theory) should get them to full production status. Faraday Future is a California based company yet the founder and initial investors are Chinese - this is interesting in its own right because … [Read more...]
Tesla’s Rivals
We have all seen the rise of the electric vehicle in recent years thanks to Tesla, first with their roadster and recently with the success of the Model S and soon the Model X. Despite the finances not being where the company probably wants them, they must feel pretty happy with progress, especially as they are slowly conquering the world with their technologies. Electric … [Read more...]