{"id":1828,"date":"2016-11-25T00:01:38","date_gmt":"2016-11-25T00:01:38","guid":{"rendered":"http:\/\/www.rsoftsolution.com\/blog\/faraday-futures-factory-construction-paused-shipping-timelines-at-risk.html"},"modified":"2016-11-25T00:01:38","modified_gmt":"2016-11-25T00:01:38","slug":"faraday-futures-factory-construction-paused-shipping-timelines-at-risk","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/faraday-futures-factory-construction-paused-shipping-timelines-at-risk.html","title":{"rendered":"Faraday Future\u2019s factory construction paused; shipping timelines at risk"},"content":{"rendered":"


\n<\/p>\n

Electric vehicle maker Faraday Future may not be able to make its first cars in time to hits its 2017 shipping deadlines, according to a new report by the Financial Times on Thursday<\/a>. It\u2019s hard to ship a car when your factory itself isn\u2019t finished, is the main issue \u2013 FF\u2019s Nevada-based manufacturing facility broke ground in April, but construction has since been paused because, according to state treasurer Dan Schwartz speaking to the FT, it hasn\u2019t paid bills owed by the company to its construction partner.<\/p>\n

The delay is temporary, according to comments made by general contractor Aecom, which is working with Faraday on the project, and construction will resume sometime in early 2017. That\u2019s going to push out the completion date considerably, and will make it quite difficult for FF to make its previously stated production timeline. FT also spoke to an anonymous former employee who said deliveries to customers within the 2017 timeframe were \u201cnot possible.\u201d<\/p>\n

Part of the issue may be that primary financial\u00a0backer LeEco has publicly acknowledged difficulties related to available cash, and the large investment its made in building cars, both itself and via partners like Faraday Future, was cited as one cause. LeEco recently raised an additional $600 million, but given Faraday\u2019s financial reliance on LeEco, the Chinese company\u2019s cash problems combined with this news of the factory delay don\u2019t bode well.<\/p>\n

Faraday Future has promised to show off its first production vehicle (pictured in a spy shot above) at CES in January, after revealing a Batmobile-like FFZERO1 concept last year. We\u2019ll likely learn more about its anticipated schedule for delivering said vehicle at that time, too, and there will clearly be a lot riding on what they present at the show.<\/p>\n

<\/p>\n

Article source: https:\/\/techcrunch.com\/2016\/11\/24\/faraday-futures-factory-construction-paused-shipping-timelines-at-risk\/?ncid=rss<\/p>","protected":false},"excerpt":{"rendered":"

Electric vehicle maker Faraday Future may not be able to make its first cars in time to hits its 2017 shipping deadlines, according to a new report by the Financial <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[23],"class_list":["post-1828","post","type-post","status-publish","format-standard","hentry","category-networking-and-communication","tag-network-and-communication"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t