Faraday Future to Operate Out of a New Plant to Produce FF 91
Faraday Future has been struggling in the recent times with the funding issues, ever since its primary investor backed off. However, the car maker is serious about producing its first production vehicle, the FF 91, which is to be due in 2018. To make sure it is on time for the product, the company has signed a new lease on an existing 1 million-square-foot factory in California.
The signing of lease seems like the company moving away from the original goal of building a USD 1 Billion factory in Nevada.
The factory, which was earlier a Pirelli tire plant is situated 338 kilometres away from the Faraday’s headquarters. It is being said that Faraday will begin the conversion of the factory by early 2018, and will commence production by the end of 2018 itself.
Dag Reckhorn, Faraday’s VP for Global Manufacturing, gave a statement saying, “The new facility is the demonstration by Faraday and its commitment in ensuring that FF 91 reaches the roads by the end of 2018.”
The move has come after Faraday was forced to halt the construction of the factory in Nevada. However, Faraday hasn’t revealed the total cost of the 10-year lease.
As per Faraday, the factory will be able to employ around 1,300 people that’ll be spread over three shifts. The original site, however, would have brought 13,000 during the project duration.