EV startup Faraday Future to invest $1 billion in US manufacturing facility

Faraday Future

Faraday Future (FF), a California-based EV startup, has announced that it will invest $1 billion in a US manufacturing facility. The company is considering locations including California, Georgia, Louisiana and Nevada, and will announce its choice “in the coming weeks.”

FF, which expects to launch its first vehicle in 2017, certainly seems to be in tune with the latest and greatest trends. It says its 100% electric vehicles will incorporate autonomous driving features, as well as “intelligent, seamless connectivity” and “unique ownership arrangements.”

Faraday Future

FF has assembled a talented team, including several former Tesla execs and others with impressive EV-related résumés. Beyond that, the company has revealed few details so far – it has not yet named its CEO, nor its source of financing. The lack of concrete info has led some pundits to speculate that FF is backed by Apple, which is known to be at least exploring the possibility of producing an EV.

 

Source: Faraday Future