Faraday Future slows down their plans due to delays in their factory

Faraday Future FFZERO1For those who don’t know Faraday Future is a company located in the united States. Was founded in 2014 and has its headquarters in Gardens, California. This start-up has the financial support of Jia Yueting (a millionaire chinese) and is dedicated to developing electric vehicles, smart as well as researching mobility solutions. To start its activity in November 2015 Faraday Future announced that it would invest 1000 million dollars to build its first factory.

well, as we have been able to know through Jalopnik, the factory would have the works stops due to lack of liquidity of the firm. According to an official statement from AECOM, the construction company in charge of the project, the works would have been stopped for non-payment of the california firm.

Faraday Future FFZERO1

“Faraday Future began the work of his factory of a billion dollars to the north of Las Vegas at the beginning of the year. To date, we have completed all the preparation work.

At this time, Faraday’s Future is adjusting temporarily its construction program with the intention of resuming the work at the beginning of 2017. We remain fully committed to our customer and with our employees working on this project, and we look forward to successful completion of the works”.

This statement block to perfection with the news that we had received about the financial situation of the firm american. According to the rumor mill, Faraday Future would have a debt to AECOM of $ 21 million and this would have made the construction company decided to temporarily paralyze the works of the factory to the firm to fix their accounts.

however Faraday Future awaits with the presentation in January of next year, at the Consumer Electrics Show (CES) its first vehicle on the street, silencing the doubts about his financial situation and to show the public that it has no problem to launch to the market his project.

Will have to see how this all turns out, because it gives the feeling that it might be a lot of noise and few nuts after this start-up.

Source – AECOM