zzdcar
Home
/
Reviews
/
Tech
/
Shit Finally Gets Real For Faraday Future
Shit Finally Gets Real For Faraday Future-July 2024
2024-02-19 EST 22:10:40

increasingly appears to be in a tenuous position, and now it seems the company is starting to realize as much: the the troubled start-up has ended talks with the city of Vallejo on a 157-acre site, and instead focus on completing the not-nearly-completed $1 billion factory in Nevada.

last year when the deal was announced. The California city filed for bankruptcy several years ago, so FF’s planned second assembly plant—the first new car factory in decades, the San Francisco Business Times—and an accompanying showroom made for a notable development.

The Vallejo City Council voted last May to give Faraday exclusive negotiating agreement for the site, but that’s now over. From the :

Los Angeles-based Faraday “would like to thank the city and its officials for their generosity and professionalism throughout this process, and looks forward to exploring future opportunities with the city,” the company said in a statement.

The three-year-old company had initially said Vallejo would be its second production facility, which it would build after it finished constructing a 3 million-square-foot factory in North Las Vegas, at a cost of around $1 billion. The company has said it plans to have an electric car on the market by 2018, with aims to take on Tesla and its rival line of vehicles.

Faraday Future might talk a bunch of shit, but maybe executives at the start-up automaker should…

The scuttled negotiations in Vallejo follows reports that Faraday’s main backer—China-based LeEco—is planning to sell land in California that it purchased barely a year ago from Yahoo.

Shit, it appears, has gotten real.

Correction: A previous version of this post said that LeEco is looking to sell land it owned in Nevada that it previously had purchased from Yahoo. The piece of land is located in California. We apologize for this error.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Tech
Truck Fans Would Rather Wait For A Toyota Tacoma EV Than Buy A F-150 Lightning Or Cybertruck
Truck Fans Would Rather Wait For A Toyota Tacoma EV Than Buy A F-150 Lightning Or Cybertruck
fans are already cooling on despite more options on the market and news of upcoming models from the likes of Chevy and Ram. The and have yet to be released, while the has recently joined the and for sale in the U.S. And, yet, all of these current and...
Jul 22, 2025
Volkswagen EVs Can Now Power Your House For Two Days (Update)
Volkswagen EVs Can Now Power Your House For Two Days (Update)
Experts have said that one of the ways to speed up EV adoption is for them to support . The ability for owners to power their house off their car or from the grid is vital. Just nine EVs on the market currently support bidirectional charging, but now VW...
Jul 22, 2025
Danish Investors Dump Tesla Shares After Elon Musk Calls Strikes In Sweden 'Insane'
Danish Investors Dump Tesla Shares After Elon Musk Calls Strikes In Sweden 'Insane'
Danish pension fund PensionDanmark is dumping all of its stock and putting the U.S. EV maker on its exclusion list of the companies it chooses to invest in – or not. The fund is selling all of its shares due to Elon Musk’s refusal to enter into labor agreements...
Jul 22, 2025
Biden’s First EV Charging Station Goes Online After $7.5 Billion In American EV Investments
Biden’s First EV Charging Station Goes Online After $7.5 Billion In American EV Investments
Despite in investments for the development of in the , not a single charging station had gone live thanks to — until now. The first EV charger paid for by Biden’s Bipartisan deal has come online in Ohio, according to , which marks the operational start of what the...
Jul 22, 2025
GM Says It's Dropping Apple CarPlay And Android Auto Because They're Unsafe (Update)
GM Says It's Dropping Apple CarPlay And Android Auto Because They're Unsafe (Update)
GM is still dealing with the fallout of its decision to drop Apple CarPlay and Android Auto in favor of developing its own in-house system. In the last eight months, the company has had to deal with while still maintaining its in-house system will be “.” Since neither of...
Jul 22, 2025
Costco Will Sell The Chevy Blazer EV At A Discount To Go With Your Rotisserie Chicken
Costco Will Sell The Chevy Blazer EV At A Discount To Go With Your Rotisserie Chicken
knows that you keep coming back for the and Kirkland brand, but you can now also buy a cheaper at your local warehouse. Chevy notified its dealers that members are eligible for a $1,000 rebate on the through January 2, according to . The discount is part of ,...
Jul 22, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved