Faraday Future leases new California factory

Faraday Future (FF) has signed a lease on a new manufacturing facility, and begun preparing the site for the installation of manufacturing equipment. The million-square-foot facility is in Hanford, California, strategically located between the country’s two largest EV markets, Los Angeles and Silicon Valley.

The current tenants will move out in late November, and FF expects to begin moving in in earnest in early 2018. It says the new plant will eventually employ up to 1,300 workers, over 3 shifts.

“Our new production facility is the latest demonstration of our commitment to getting FF 91 on the road by the end of 2018,” said Dag Reckhorn, VP of Global Manufacturing. “Despite significant head winds on the path ahead of us, we are laser-focused on that one key milestone.”

“We know there is a lot of work and risks ahead, but this event represents a major step forward for the company,” said Stefan Krause, COO/CFO. “As we begin this next phase in our company’s history, our efforts to build out strong corporate leadership will bring a new focus to Faraday Future and deliver on our commitments to employees, investors, suppliers, and future users, who have shown exceptional patience and resilience through the company’s difficult times.”

 

Source: Faraday Future