cwerdna
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Re: Faraday Future's Big Reveal

Sun May 21, 2017 6:12 pm

LeftieBiker wrote:Unless they made the LeCar (joke) I've never heard of them before this.

They were both pushing LeSEE (https://techcrunch.com/2016/09/20/china ... ports-car/ and https://www.engadget.com/2016/04/20/lee ... car-china/) AND Faraday Future.

They were also trying to buy Vizio before that fell through: https://www.theverge.com/2017/4/10/1524 ... -cancelled.

It seems unlikely either vehicle will ever ship or will ever ship in significant quantities before the company either goes BK or sales and support are dropped.

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cwerdna
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Re: Faraday Future's Big Reveal

Wed May 24, 2017 12:43 am

cwerdna wrote:
LeftieBiker wrote:Unless they made the LeCar (joke) I've never heard of them before this.

They were both pushing LeSEE (https://techcrunch.com/2016/09/20/china ... ports-car/ and https://www.engadget.com/2016/04/20/lee ... car-china/) AND Faraday Future.

They were also trying to buy Vizio before that fell through: https://www.theverge.com/2017/4/10/1524 ... -cancelled.

It seems unlikely either vehicle will ever ship or will ever ship in significant quantities before the company either goes BK or sales and support are dropped.

LeEco cuts 325 U.S. employees, will focus on Chinese-speaking consumers
http://www.cnbc.com/2017/05/23/leeco-la ... umers.html
LeEco confirmed on Tuesday that it will lay off the bulk of its U.S. workforce, as CNBC first reported Monday evening. According to CNET, the company is cutting 325 employees, or 70 percent of its workforce. LeEco did not immediately respond to CNBC's request for comment.

LeEco cuts most of US workforce as it continues its downward spiral
https://www.theverge.com/2017/5/23/1568 ... re-funding

LeEco slashes 325 jobs, layoffs hit San Jose workforce
http://www.mercurynews.com/2017/05/23/l ... workforce/

Besides LeSEE and funding Faraday Future. Someone reminded me they were also helping fund Atieva, now called Lucid Motors.
https://www.recode.net/2016/10/20/13341 ... h-december (from Dec 2016):
Questions, however, remain about Atieva’s ownership and future. Its board and management remain conflicted about the direction of the company. Chinese technology company LeEco has a stake in Atieva, but also controls rival EV startup Faraday Future.

LeEco’s founder Jia Yueting announced today that Faraday Future would be unveiling its first production car at the Consumer Electronics Show in January, and that LeEco itself is moving forward with a semi-autonomous electric car called the LeSee Pro.

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cwerdna
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Re: Faraday Future's Big Reveal

Tue Jul 11, 2017 2:26 am

Faraday Future halts plans for car production at Apex site:
https://www.reviewjournal.com/business/ ... apex-site/

Faraday Future cancels plans for North Las Vegas factory:
http://www.autoblog.com/2017/07/10/fara ... s-factory/

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Re: Faraday Future's Big Reveal

Tue Jul 11, 2017 6:12 am

Faraway Future looks like Never Never Land.

They had quite the hype machine going though.
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cwerdna
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Re: Faraday Future's Big Reveal

Sat Nov 11, 2017 10:28 pm

Faraday Future loses three top executives as manufacturing stalls
https://www.theverge.com/2017/11/10/166 ... mw-trouble

Faraday Future issues bombastic statement accusing former CFO of ‘malfeasance and dereliction of duty’
https://www.theverge.com/2017/11/10/166 ... ting-drama

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cwerdna
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Re: Faraday Future's Big Reveal

Sat Dec 02, 2017 10:51 pm

The Verge: Faraday Future’s chief designer resigns, as some employees stop showing up to work
https://www.theverge.com/2017/12/1/1672 ... esignation

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cwerdna
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Re: Faraday Future's Big Reveal

Sun Aug 19, 2018 4:47 pm

Faraday Future now flush with money pushes for FF91 production, does high-speed tests
https://electrek.co/2018/07/24/faraday- ... eed-tests/

Faraday Future’s Chinese operations are taken over by new investor after CEO’s fall from grace
https://electrek.co/2018/08/15/faraday- ... -ceo-fall/

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Re: Faraday Future's Big Reveal

Tue Oct 09, 2018 4:50 pm

Via IEVS:
Faraday Future Reports Problems With Evergrande Health’s Investment
https://insideevs.com/faraday-future-reports-problems-with-evergrande-healths-investment/

Faraday Future seems to have run into a roadblock again, as there are serious problems with the investment from Evergrande Health. Under the deal, Evergrande Health Industry Group Limited (Evergrande Health), a Hong Kong Stock Exchange listed company, was expected to take 45% state for $2 billion (33% would remain in hands of the original shareholders, and 22% belongs to the team at FF.)

Initially, Evergrande Health provided $800 million and Faraday Future moved forward with developments of the FF 91 and preparations for production.

Evergrande Health even agreed to pay another $500 million out of the remaining $1.2 billion earlier than originally expected, but ultimately it put the money transfer on hold and the future again becomes far away uncertain for Faraday.

Faraday Future is now in a difficult situation, because the money is needed, and other investors – that would willing to step-in – are blocked. At least that’s what we understand from FF’s perspective. . . .
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