faraday future

Faraday Future survives long enough to issue its first recall

Troubled EV startup Faraday Future has issued its first recall, covering all 11 vehicles it built last year, as it fights to hold onto its Los Angeles headquarters. The recall centers around a problem

Faraday Future in danger of losing LA headquarters for failing to pay rent

Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent, TechCrunch has learned. The landlord, Rexford In

Despite EV delivery delays, Faraday Future raises $90M to stay afloat

Faraday Future has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery. Faraday’s investors will also accele

Faraday Future is adding generative AI to its vaporware EV

Faraday Future is nearly out of cash and its long-delayed EV has yet to land in customers’ hands, which means this is the perfect time for the publicly traded company to jump head first into the

Faraday Future on track to start production of FF 91 this month if funds come through

Faraday Future said Wednesday it plans to start production of its all-electric FF 91 Futurist SUV at the end of March after years of delay, lack of capital and internal drama that threatened the compa

EV SPAC Faraday Future ousts its CEO

Faraday Future, the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted

Faraday Future warns it may not be able to deliver its luxury EV

Electric vehicle startup-gone-SPAC Faraday Future has raised a going concern warning, per regulatory filings. The company said it has substantial doubt as to whether it would be able to continue opera

Faraday Future gets a lifeline to raise up to $350 million

Moribund EV startup Faraday Future could receive up to a $350 million lifeline to help launch its first vehicle, according to a regulatory filing. The company said Monday it has signed a deal with an

Faraday Future raises $100 million to help launch flagship FF 91

Faraday Future said it has secured up to $100 million in funding as the struggling EV startup tries to launch its long-delayed first model, the FF 91. The near-term funding agreements include up to $4

Nikola, Lucid latest EV SPACs trying to raise cash

Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it plans to

Faraday Future seeks to raise capital after massive Q2 loss

Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled. The company posted an

Polestar is launching an EV roadster in 2026 called the Polestar 6

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r

Faraday’s future on shaky ground as EV production delayed again

Faraday Future has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues, the company said in a regulatory filing. The troubled EV startup-turned-public

Polestar on track to sell 50,000 EVs in 2022

Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,

Can Polestar succeed where other EV maker SPACs have failed?

Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.

Electric Last Mile Solutions to file for bankruptcy

Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut

EV SPAC Faraday Future now has the attention of the DOJ

Amid an investigation by the Securities and Exchange Commission into inaccurate statements to investors, Faraday Future has received a preliminary request for information from the U.S. Department of J

Faraday Future says it plans to open a Chinese factory by mid-decade

Faraday Future said Wednesday during an investor presentation that it plans to open a factory in China as early as 2025, even as it faces a shortage of capital and an SEC investigation. The electric v

EV SPACs are facing a new regulatory speed bump

It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company. Now, the SEC’s broadest attempt to crackd

Chinese fuel cell maker eyeing SPAC deal for $1B US listing

The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.
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