Faraday Future signs lease on new turn-key manufacturing facility

Aug 08, 2017

Faraday Future recently abandoned plans to build its own tailor-made factory from scratch in Nevada, and now it’s signed a lease on a new ready-made production facility in Hanford, Calif. The switch in strategy reflects a broader shift in the electric carmaker’s approach, which has been scaled down for earlier ambitious and lofty goals based on the company’s economic realities.

Faraday Future says the new factory, which it hopes to move into fully by November once the existing tenant departs (it was a Pirelli plant previously) should be ready to help deliver the first production FF 91 vehicles to customers by the end of 2018. Faraday unveiled the FF 91 at a splashy launch event at CES in January, which featured a reveal presided over by LeEco CEO Jia Yueting.

More from Tech Crunch.