Faraday Future Issues Statement On Cancellation Of Plans To Build Assembly Factory In California

2 months ago by Steven Loveday 12

As most are well aware, Faraday Future is facing its fair share of problems, mostly related to its financial woes. Now, we can add another to the long list of concerns. The electric car startup publicly released a statement explaining that it will dismiss the idea of building a manufacturing facility and experience center on Mare Island in Vallejo, California.

Faraday Future

Faraday Future FF91

The waterfront site (pictured above) is a former U.S. Naval base, housing 157 acres on North Mare Island. It is over 1 million square feet of property zoned for light industrial, commercial use.

Hopefully another electric automaker will take advantage of the available location, since Faraday did point out that the site was in a desirable location and had the necessary potential for its needs.

Faraday Future has already come to an agreement with the Vallejo city council to move forward with the official cancellation of the prior contract.

The project wasn’t set to begin until after the “first” manufacturing facility had maximized production. Since the first facility is not yet being built, Faraday has decided to streamline its efforts. The company reports that it still plans to begin work on the Las Vegas facility “very soon.” Faraday also hopes to re-establish potential opportunities with the city of Vallejo in the future.

Read Faraday’s full statement below:

Faraday Future (FF) has an update on its planned manufacturing facility and user experience center on North Mare Island in Vallejo. Due to the new strategy to focus corporate efforts on development of its first production vehicle and plant in North Las Vegas, FF has decided to end its Exclusive Right to Negotiate (ERN) with the City of Vallejo. FF will stay in contact with the City, and remains interested in acquiring land on North Mare Island in the future. FF would like to thank the City and its officials for their generosity and professionalism throughout this process, and looks forward to exploring future opportunities with the City.

We imagine the local Vallego United Rental depot is upset at the prospect of not being able to rent out its fleet of Bobcats to Faraday.

As part of its due diligence, FF conducted various technical studies to assess the Island for development feasibility. The 157-acre North Mare Island site was found adequate to support development of a manufacturing facility and user experience center, and the results of these studies will be shared with the City as part of the original agreement.

FF’s new multi-phased manufacturing strategy in Nevada is designed to bring FF 91, the company’s flagship vehicle, to production more quickly, allowing FF to fill vehicle reservations that were collected following the car’s launch at CES 2017.

FF plans to restart construction at the North Las Vegas site very soon.

Source: TechCrunch

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12 responses to "Faraday Future Issues Statement On Cancellation Of Plans To Build Assembly Factory In California"

  1. bro1999 says:

    Waiting to see the Chapter 11 bankruptcy announcement, which is inevitable.

    1. John says:

      “very soon”

      1. ijonjack says:

        UNREAL!! A Wishy Washy Circus Act Run by a Bunch Washed Circus Clowns..a Bunch Has been Bozos Best! NO SHAME

    2. Brave Lil Toaster says:

      Exactly what I was thinking too.

      “Money woes” and “Cancelling plans for manufacturing site” don’t lead to news on “successful launch of product”, um, ever.

  2. Someone out there says:

    The whole idea of building a factory before you have even sold a single car is just stupid. They have no idea what the demand for the car is. What if they build a 500k cars/year factory and then only sell 20k cars? What an enormous waste of money that would be, what investor would give a car maker billions of dollars to build a factory for a completely untested product?

    It would make far more sense to buy something smaller just to get things rolling and then when demand outstrips production capability, then you start thinking of building a new factory!

    1. SJC says:

      That makes too much sense, go big or go home.

    2. Mister G says:

      I hear you…and it brings to mind the job creator debate, a conservative believes that a business owner is the job creator and the liberal believes that customers/employees are the job creator, but it is really a combination of both parties interacting in the economy.

  3. J P DeCaen says:

    Watching this ship slowly go down is painful. Why not sell the design to Toyota or someone?

    1. floydboy says:

      As much help as Toyota needs on the design front, They’d only rip out the big battery and replace it with some type of hydrogen nonsense. The Japanese government is dishing out the BIG bucks to companies doing hydrogen.

      1. Mil says:

        It’s so sad but I fear you’re spot on. Companies pushing hydrogen are clearly doing so due to management who lack complete comments sense and engineering knowledge.

  4. unlucky says:

    They suggest another electric automaker would try this site. That presumably means Tesla. I don’t know if I see that site very desirable for Tesla. The transport connections of the site just aren’t great in this location. Not in general and especially not to Tesla’s other sites. For this site, you would want your work to be relatively self-contained and Tesla seems to be spreading work across multiple sites.

  5. SJC says:

    It makes more sense to lease plant capacity then see how the product sells before planning expansion.

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