faraday future
SEC investigates Faraday Future as regulatory crackdown on EV SPACs continues
Several executives at EV company Faraday Future have been subpoenaed by the U.S. Securities and Exchange Commission as part of an investigation into inaccurate statements made to investors, according
EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors
Faraday Future is revamping its board, cutting the pay of two top executives and suspending at least one other, following an internal investigation that determined employees made inaccurate statements
Faraday Future plans to go public through a SPAC deal
Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Car
A Faraday Future prototype hits the auction block
Faraday Future has yet to produce a production vehicle. The company burst out of nowhere in 2015 with wild claims of upsetting the electric vehicle market ruled by Tesla. That hasn’t happened ye
EV subscription startup Canoo, co-founder sued for alleged harassment
Just weeks after Canoo took the wraps off its electric vehicle, the Los Angeles-based startup and co-founder Stefan Krause have been accused of gender and marital discrimination, harassment, breach o
Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. It may have lost its original founding team, but the wheels are still rolling for embatt
Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million
Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch
Linear Labs’ next-gen electric motor attracts $4.5 million in funding
Linear Labs, a startup developing an electric motor for cars, scooters, robots, wind turbines and even HVAC systems, has raised $4.5 million in a seed round led by Science Inc. and Kindred Ventures.
Faraday Future furloughs more employees as cash woes continue
For a company with such a forward-looking name, the road ahead has been looking pretty bleak for Faraday Future. Debts, fleeing executives and payroll delays have clouded the last year of the automake
Faraday Future loses the last of its founding executive team as problems deepen
There were five. And now, there are none. Faraday Future, the once-buzzy Chinese electric vehicle startup that has delivered lots of promises and fanfare, but has struggled to deliver an actual produc
[Updated] Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal
Update: Faraday Future has responded to Evergrande Health’s filing with a public statement claiming that “contrary to what Evergrande has told the press and its shareholders, neither FF&
Beleaguered electric vehicle firm Faraday Future gets $2B investment boost
There’s a rare moment of cheer for floundering electric car maker Faraday Future after it landed a new investor and a fresh commitment of capital. Evergrande Health, a division of Hong Kong-list
Upstarts emerge to chase Tesla’s lead in electric vehicles
A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle star
Leshi Internet says it must repay $890 million in debts by the end of 2018
Leshi Internet, one of China’s largest video-streaming services, disclosed that it must pay back 5.62 billion RMB (about $890 million) by the end of this year. Leshi Internet’s (also known as Le.c
Faraday Future signs lease on new turn-key manufacturing facility
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 sw
Faraday Future answers mounting challenges with high-profile CTO hire
Faraday Future is an electric car company with a very uncertain future, following news that it would be ending its effort to build an assembly plant for its vehicles in Nevada. The company’s pri
LeEco delays payroll until August due to ‘financial constraints’
Some LeEco employees in China will not get paid until August. According to an official statement provided to TechCrunch, Leshi Holdings, LeEco’s holding company has decided to postpone July̵
Faraday Future is one step closer to the deadpool
Faraday Future might as well pack it up and call it a day. The company has reportedly abandoned plans to build a massive factory in the Nevada desert. This facility was going to cost $1 billion to bui
Faraday Future cancels plans to build an assembly factory in California
Faraday Future, the would-be Tesla rival facing well-documented challenges in terms of capitalization and efforts to bring its first production vehicle to market, has scrapped plans to construct an as
Nine manufacturers set for 2018 Formula E season
Formula E announced the nine manufacturers that will race electric cars in seasons five, six, and seven. You may think this is no big whoop, but it is. Here’s why the whoop is big: beginning in