Could Faraday Future be the Rival to Tesla in the Electric Vehicle Market?
After falling on hard financial times as well as that of its main Chinese backer Jia Yueting, the company is now back on track, helped along with a $2 billion lifeline from a mysterious Hong Kong-based investor. It put off plans for a grand $1 billion Las Vegas factory and instead leased a former tire plant in Hanford, California for a smaller production run.
The Central Valley factory is up and running and Faraday just produced its first complete pre-production electric car in August 2018; designed to test and improve the company’s assembly processes.
The Faraday Future FF91 crossover SUV is intended to be an ultra-luxury electric competitor to Tesla with a range of 385 miles and a price tag over $300,000- an electric Rolls Royce.
According to Faraday Future’s senior vice president of manufacturing Dag Reckhorn, the FF91 with its dual electric motors will pack a 1,050-horsepower wallop that will hurl the car from 0 to 60 mph in 2.5 seconds.
The immediate plan is to get the FF91 into production at the Hanford plant, that’s currently being refurbished by Bernards. Bernards is an employee-owned multidisciplinary commercial builder and construction management company based in California.
The factory plans to hire more than 1,000 workers and is implementing a management training program with local community colleges in the Central Valley under a grant from California’s Employment Training Panel.
Following the FF91, the company plans a smaller, more affordable FF81. The next model will be an SUV slightly smaller than the FF91. It is expected to be called an FF81 and make a debut in Beijing, possibly at the city’s auto show.
EV is the future of mobility and hopefully Faraday Future will be able to produce enough autos to supply the ever growing demand for Electric Vehicles in the U.S.