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Faraday Future moves electric SUV production site, mothballs Las Vegas plant | Reuters

Wed Jul 12 05:00:03 EDT 2017 | Reuters
TAIPEI (Reuters) - Startup Faraday Future said it would move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting. Faraday is part of a network of young electric vehicle (EV) firms in China and the United States backed by Jia, who has said his company LeEco - that grew from a Netflix-like video website to a business empire spanning consumer electronics..

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TAIPEI (Reuters) - Startup Faraday Future said it would move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory..
FILE PHOTO: A Faraday Future FF 91 electric car takes off across the stage in an exhibition of speed during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. REUTERS/..
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 co..
Faraday Future abandoned plans Monday to build a $1 billion Las Vegas production plant that was set to mass-produce its first self-driving luxury electric car, the FF 91, to compet..
Faraday Future abandoned plans Monday to build a $1 billion Las Vegas production plant that was set to mass-produce its first self-driving luxury electric car, the FF 91, to compet..
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..
The future for niche electric car makers may be looking dimmer.  An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a ..
CARSON CITY, Nev. — An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the compa..
An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader n..
CARSON CITY, Nev. (AP) — An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the ..
An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader n..
An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader n..
Photo: John Locher, Associated Press Faraday Future deserts Nevada Electric car maker Faraday Future has abandoned its plan to construct a $1 billion manufacturing plant in souther..
This week the company revealed it was shutting down construction of the massive $1 billion, 3 million-square foot manufacturing facility in North Las Vegas it announced last year. ..
Faraday Future has announced that construction at its $1 billion factory in Nevada has been put on hold, shortly after we learnt about the financial issues of Jia Yueting, the bill..
Will we remember this moment? The month, the day, the hour Tesla CEO Elon Musk started shipping Tesla Model 3 to the first of a reported 373,000 customers and, perhaps, changed the..
SAN FRANCISCO Registrations of Tesla Inc (TSLA.O) vehicles in California, by far the largest market of the luxury electric car maker, fell 24 percent in April from a year ago, acco..
Tesla Inc. (NASDAQ:) and its CEO Elon Musk has mastered the art of getting massive tax breaks and incentives. TSLA stock regularly sees state and federal governments fund his mega ..
LeEco demonstrates products at a San Francisco event in October. The company has been sued by Vizio, its former merger partner, amid financial troubles. LeEco demonstrates products..
CARSON CITY, Nev. (AP) — An electric car maker said Monday it is deserting its plan to construct a $1 billion manufacturing plant in southern Nevada eight months after suspending t..
Tesla Inc. (NASDAQ:) and its decision to build a $5 billion battery Gigafactory are pretty well known drivers of lithium demand. But the market for lithium ion ..
The idea is to move into a smaller, existing factory and hopefully have cars rolling off the assembly line by the end of next year. Nevada lawmakers insist that the state won't be ..
In this April 13, 2016 file photo, Nevada Gov. Brian Sandoval looks at a model for a Faraday Future factory in North Las Vegas, Nev. Electric car maker Faraday Future said Monday, ..
Last summer LeEco announced it intended to purchase the US-based TV maker Vizio for $2 billion. The deal fell in March through amid a myriad of problems surrounding LeEco including..
WOLFSBURG, Germany (Reuters) - When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions scandal, decentralizing power from its Wolfsburg headquarters ..
Tesla Inc. (NASDAQ:) has officially stated that Model 3 production will start this week. Further, in a series of tweets on Sunday night, TSLA stock leader Elon Musk stated that on ..
Tesla Motors unveiled its latest electric car, the Model 3, on March 31, with a lower price tag and 2017 delivery date. Tesla chief executive Elon Musk heralded the Model 3 as a wa..
Following months of anticipation, Elon Musk has finally unveiled the first glimpse of an actual Model 3. Tesla has been working on a limited production run of the Model 3, its new ..
The much-anticipated Tesla Model 3 is finally here, providing reason to rejoice for the thousands of fans who pre-ordered cars. The first finished, consumer-ready car came off the ..
The much-anticipated Tesla Model 3 is finally here, providing reason to rejoice for the thousands of fans who pre-ordered cars. The first finished, consumer-ready car came off the ..
FILE PHOTO: A Hyperloop One test vehicle is transported at a DevLoop track in the Nevada Desert in a photo taken May 12, 2017 and released July 13, 2017. Hyperloop One/Handout via ..
Tesla Inc (NASDAQ:) frustrated a lot of short sellers earlier this year as it zoomed more than 80% higher through late June. But over the past few weeks, the tide has changed, and ..
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 post..
Enlarge / Elon Musk (C), the co-founder of luxury all-electric US car maker Tesla, speaks at the StartmeupHK Venture Forum in Hong Kong on January 26, 2016. According to The Wall S..
San Francisco-based Jawbone, which began liquidating proceedings in June after its fitness-tracker product failed to take off. Jawbone had more than enough money to take on Fitbit ..