Tuesday, July 11, 2017

Faraday Future’s electric car dreams sputter to a stop while rivals blaze past

It looks like the hype train for Faraday Future has finally reached its last stop. After the electric vehicle company wowed enthusiasts with an inventive concept vehicle and the fastest electric production car earlier this year, it’s now ditched its plan to build a $1 billion manufacturing facility in Nevada as its funds have dried up. So far, FF has been dependent on Chinese media giant LeEco for funding, and that firm has been facing a major cash crunch in recent times. Between tackling massive debts and and an inability to finance operations that could eventually bring in revenue, LeEco…

This story continues at The Next Web

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