Faraday Future has had a lot of ups and downs in getting themselves off the ground. Recently, they’ve scrapped their plans to build a billion-dollar factory in Nevada in exchange for signing a lease for a new manufacturing facility in Hanford, California. Due to their financial troubles, they had to resort to this option, but it may just yet be the right move for them.
The automotive startup recently announced its shift of manufacturing focus to a turn-key facility that can offer a faster path to production. Faraday Future believes the facility marks another significant step forward for the company in delivering its first production vehicle, FF 91, by the end of 2018. After breaking ground at their Nevada property a year ago, the construction project quickly stalled due to the company not being able to keep up with their payments to the contractors. FF now claims it can keep its production schedule regardless of the fact the “turn-key” facility is still housing other tenants through late November.
The new manufacturing plant will still need a bit of planning, permitting, and refurbishing. When it’s ready, the 1M sq. ft.